Entrepreneur Plus - Short White
For Subscribers

7 Methods to Maximize Your Decision-Making Decisions can be crippling for some, but having a decision-making process is a vital part of leadership.

By Tanner Simkins Originally published

Opinions expressed by Entrepreneur contributors are their own.

Thomas Barwick | Getty Images

People make thousands of decisions a day. Some are small and insignificant, others are big and potentially life-changing. Managers, business owners, and leaders make substantially more decisions than the average person and are regularly faced with making high-stakes decisions. As a result, it's common for leaders to suffer from decision fatigue, to fall back on comfortable decision-making styles, or to defer making big decisions.

Yet, being an effective decision-maker is one of the most important skills for leaders to have. Good decision-makers positively impact the trajectory of their business and earn the confidence and respect of their teams. Peter Drucker, the well-known management consultant and business author, often talks about the importance of decision-making. He advises that, "making good decisions is a crucial skill at every level" and has observed that "wherever you see a successful business, someone once made a courageous decision."

The good news is that there are things you can do to become a better decision-maker. Even if decision-making is an area of angst for you, something that you often put off, or something you struggle with, there things you can do to maximize your decision-making potential. Here are 7 proven methods that all business leaders should implement.

This is a subscriber-only article. Join Entrepreneur+ today for access

Editor's Pick

Related Topics

Growing a Business

This Language Learning App has 25 Languages, and it's Only $160

Expand your opportunities by learning how to communicate with potential customers and business partners in their native language.

Business News

'Not Much Financial Education' — Yet Millennials Have Boomers and Gen X Beat When It Comes to Retirement Savings. Here's Why.

Millennials might own fewer homes and make less money — but they're on track for a better retirement.

Business News

'It Is Wrong to Say That AI Cannot Be Smarter Than Humans': SoftBank CEO Makes Bold Prediction About Where AI Will Be in 10 Years

SoftBank CEO Masayoshi Son predicts artificial general intelligence will be 10 times smarter than the sum of all human intelligence.

Business News

Two of Amazon's Most Popular Prime Features Might Actually Be Illegal

Among the practices under scrutiny by the FTC are Amazon's "Buy Now" button and the shipping component of Prime.

Growing a Business

What is The Future of Coworking Spaces in a Hybrid World? Here's Everything You Need to Know.

The traditional office, once a symbol of corporate stability and structure, is rapidly becoming an anachronism in today's fluid work environment, and coworking spaces are replacing many of the traditional office space functions