Get All Access for $5/mo

Should You Take Business Advice That Contradicts Your Instincts? "Go with your gut" is an appealing phrase. But, one problem: Those instincts of yours can run you wrong.

Edited by Dan Bova

Shutterstock

This article is included in Entrepreneur Voices on Effective Leadership, a new book containing insights from more than 20 contributors, entrepreneurs, and thought leaders.

"Go with your gut": It's an appealing phrase that encourages business owners, professionals and talented individuals everywhere to stop overanalyzing a situation, and instead rely on their instincts to make an important decision.

But, in the business world, you'll have plenty of hard evidence, anecdotal evidence and input from others to guide your decision-making. You'll have partners, mentors, coworkers and even friends and family members giving you advice for the development of your business.

So, what happens when your instincts contradict a piece of advice given to you by someone, or even multiple people, you respect? Should you take their advice even if it contradicts your gut feeling?

The case for instinct

There's no scientific rubric that allows you to test the true "power" of your instincts, and many entrepreneurs trust their instincts because of some supernatural quality they ascribe to them.

Related: The Many Logical Reasons to Lead With Your Gut Instinct

This is akin to a superstition that can't be proven or disproven and may be hard to argue with. But, ignoring that, here are some of the practical, logical reasons why you might be wise to trust your instincts over outside advice:

Snap judgments. Our brains evolved for escaping high-stakes scenarios that don't offer much room for contemplation; accordingly, we're hard wired to make snap judgments about our surroundings, and the evidence suggests we're pretty darn good at it.

Your "instincts," in some cases, are merely the product of your experience, your beliefs and a high-level assessment of a given scenario. Think of it as your subconscious mind doing all the problem-solving work for you and making a reasonable estimation rather than precisely calculating the "right" answer.

Accordingly, you'll find that many of your snap judgments and decisions turn out to be correct -- but only if you have the experience necessary to back them up. For example, a novice chess player wouldn't be able to "feel" that a move is correct the same way a grandmaster would.

Mavericks. Some of the most successful businesses are those whose brands are unlike anything else on the market. They're the ones who dared to do what everyone else was afraid to and kept going despite people telling them not to.

Related: How to Use Your Gut to Make Better Decisions

Following the advice of the majority will lead you down the path of the majority -- to moderate, but never breakout, success. The argument here is that if you want a chance at standing out from the crowd, you have to go against the grain at least some of the time.

Satisfaction. Don't neglect the importance of your decision's aftermath. Imagine a scenario in which, against your instincts, you followed the advice of a mentor. Ultimately, this led you down a terrible path that resulted in your losing a major client. Chances are, you had a hard time forgiving yourself for not going with your gut to begin with.

But, if you make your own decision and fail, you'll at least accept responsibility for your own destiny.

The problems instinct may bring

Don't let the above arguments fool you into believing that your instincts are always right, however. Consider the following problems:

Experience. If you're a new entrepreneur, remember that there are many more people who are far more experienced than you are. Your capacity for snap judgments is limited, and people wiser than you have likely been through this situation before.

Remain humble in your early stages, and trust the more experienced people around you. You don't have to agree with them on everything, but at least listen to what they have to say.

Survivorship bias. The "maverick" argument may be convincing, but don't forget that our view of successful entrepreneurs is affected by survivorship bias. Essentially, we only hear stories about the entrepreneurs who contradicted advice and ended up becoming millionaires, not the people who contradicted advice and became failures.

Keep this in mind before you try emulating your favorite celebrity business owner.

Read This: Entrepreneur Voices on Effective Leadership | Amazon | Barnes & Noble

vidence and intuition. Remember that evidence exists as an objective reality, and intuition exists as a subjective feeling. Using your feelings to contradict evidence is often unwise; for example, "believing" that the traffic light is green doesn't change the fact that it's red.

However, in the absence of evidence, intuition can help you fill in the gaps.

Limitations of snap judgments. Snap judgments may often end up being correct, but that doesn't mean they have a perfect track record. If you've ever jumped in fright after seeing a mannequin in a dimly lit room, you know this all too well.

When it comes to making a tough decision, prioritize objective information as much as you can -- no amount of instinct should overrule significant and clear evidence that contradicts your gut feeling. But in cases where the "right" answer isn't clear, where evidence is fuzzy and where you fundamentally disagree with your partners, let your instinct guide you in the right direction.

Related: Know When to Trust Your Gut

Decisiveness is more important than always making the perfect decision, so pick a direction and stick with it.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

I Tried Buying a Car on Amazon. Here Are the Pros and Cons.

Amazon Autos just launched, and users can buy a new car online. Here's how it works and what needs to improve.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Barbara Corcoran Says the Best Entrepreneurs Are Good at This One Thing

Real estate entrepreneur and investor Barbara Corcoran says a few key traits prove effective when starting a business. Here's her top pick.

Growing a Business

How to Prepare Your Small Business for Impactful Investor Partnerships That Go Beyond Funding

Here's how investorpreneurs transform startups with mentorship and strategic investments.

Starting a Business

Nearly 50% of America's Workforce Has a Secondary Source of Income or Side Hustle. Here Are 7 Steps You Should Take to Create Lasting Value for Yours.

Today's entrepreneurs have the opportunity to generate long-lasting supplementary income if they take these steps.