The level of complexity in business is accelerating. Although it’s exhilarating to be an entrepreneur, these mounting complications affect decision-making and, subsequently, business growth. Part of my work as a strategic coach, is to keep fast-paced, overwhelmed entrepreneurs moving through decisions with as much speed and decisiveness as is humanly possible. Why? The speed at which decisions are made have a direct impact on the growth of the business.
In large part, the increasing complexity of business is due to the rate of information we’re exposed to on any given day. Did you know information grows at a rate of 66% per year and it continues to climb? Yikes! There is nothing else like it. And, its coming at us like a fire hose that is on wide-open in the form of TV, magazines, videos, DVD’s, blogs, social media….More information means more options which overwhelms the decision-making process and causes costly delays.
The solution to avoid decision making overwhelm? Make a decision – get additional facts – make a better decision – and do it within 3 days. Decisions delayed longer than three days slows progress and growth of your business.