Thursday, June 8, 2017 Thursday, June 08, 2017

Successful People Aren't Luckier Than Everybody Else, They Just Know How to Make Good Decisions

What contributes to the difference between the decisions successful people make and all other decisions made around the world on a hourly, daily and even weekly basis. Why do some people consistently make right decisions over and over with little room for failure?

How do we, become better at making decisions in our own work and personal lives to emulate this level of success?

Successful people always identify the problem first

It starts with identifying the problem in front of you. Do you need the new sports car or do you need a new mode of transportation to get to work? Both are completely different problem sets.

The former has an assumptive solution built into it that you need a new car and that this car MUST be a sports car while the latter asks the question how you can get to and from work – which can include a variety of potential solutions – car, train, bus, bike, walk, skip, etc. With any decision it’s important to first frame the problem within the context of the actual problem itself and not within the frame of the solution we are trying to get to.

When compared to successful innovators, this thinking enables them to go out of the box in their thinking without feeling pushed into a corner before they have started.

They narrow the focus and limit their options

I want to help kids learn versus I want to help kids learn how to be better programmers are two very different focus sets. Both are aimed at helping kids grow, but the latter statement puts the decision making firmly into the decision makers hands – “this is what I am going to focus on, this is where I will be successful” – whereas the former statement leans toward bringing in external consultation as to what the focus should be and takes the decision making process out of our own hands.

Many people become concerned when they narrow their focus for fear that they are minimizing their chances of success by limiting their options to what they could achieve. When in fact, when we narrow our focus, we are actually increasing our chances of success by ensuring that each available option in the decision is one within our proven niche where we have already been successful.

They look at the long-term play instead of the short-term success

Successful decision makers are always looking at the long-term play. Short-term success is fleeting, here today, gone tomorrow but long-term success is everlasting. When we evaluate our decisions for the long-term we look at criteria that are not available today but might be factors for tomorrow that would change the decision we make.

Buying the sports car today, during the summer, when the weather is hot outside is a great decision for today and the next few months, but come winter it’s value will sharply decrease as other factors will come into play, relegating it to storage over the winter months when it is probably needed the most.

They digest the useful information and ignore the chatter

We live in an information rich society where we are constantly bombarded with information. Look at how best to build something as simple as a wooden box to store firewood and you’ll find hundreds of pictures, articles and possibly even some blogs that are dedicated to their existence, all espousing their incredible features and one upmanship.

How does one decide in the face of so much information?

Ignore it, put it aside, take what you need and move on. At the end of the day, the decision is yours to make and not the world’s. Successful decisions are based on ignoring the chatter and the backroom banter which are aimed at closing ours minds to the potential successful of new ideas. Many innovations that have come before us are based on people consuming what they needed to know, ignoring the chatter and making successful decisions for the simple reason that they ignored this chatter.

They separate the good from the bad and needs from wants

We’ve alluded to this already but it is worth mentioning on it’s own to drive the point home. Successful decision makers are able to separate the good from the bad, the right from the wrong and the needs from the wants when evaluating their decisions.

A successful decision maker separates their personal ambitions and desires from the decision and looks at the criteria in front of them that will shape the decision and demonstrate what is needed for it to be successful.

In some cases, this involves a complete separation of the decision maker from the decision for a period of time by taking a break and coming back to it to look at the decision with fresh eyes and a different approach to ensure the decision is not being skewed.

When employed correctly, this removes the potential for rash, impulse decisions that can have potentially negative, long-term effects.

They reflect and evaluate every decision they made

When was the last time you looked at a decision you made and reflected on it? Really reflected on it, not simply – “I should have done this” – but looked at the process for how you came to the decision, the information you gathered, where your focus was, who you listened to, etc, etc?

Very few of us actually do this to the point of critiquing our approach in how we arrived at our decision and what we should do better next time. Perhaps because we have such a strong emotional tie to the decision or because there is no one else to “blame” but ourselves or perhaps because we are still living the impact of that decision.

Whatever the reason, to make successful decisions on a continual basis requires the awareness and afterthought to evaluate what we did wrong, where we went wrong and what checks and balances we must put in place today to make sure that it does not happen tomorrow. Of all the aforementioned steps, evaluating where our decisions went wrong is the best way to ensuring we are successful in our next ones.

Are you making bad decisions today? Or perhaps ones that you wish could be more successful? If so, start with a sampling of what you did, what would you do differently if you had the chance to do it again – how would you better identify the problem or narrow the focus to ensure you are making the right decision against the problem. Are your decisions focused more on short-term gain fueled by chatter and likes or are you too close to it to make a rational decision?

Successful people make great decisions because they apply the criteria in front of them differently when identifying a their options which in turn increases the probability of their success. But there is no reason why we cannot apply that same criteria to making our own successful decisions.

The post Successful People Aren’t Luckier Than Everybody Else, They Just Know How to Make Good Decisions appeared first on Lifehack.



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