5 Things You Should Watch Out for When Making a Big Decision
We make decisions every day, and the choices we make affect not just our lives but the lives of the people around us, our careers, our businesses, and at times, our choices can shape the world around us.
At times though, making a big decision can be stressful, filling us with doubt about ourselves.
Should you be working late tonight? Should you go to that team meeting that you’ve been trying to avoid for the last few days? Are you ready to take on more responsibilities in your career right now?
These seemingly small things we don’t think about too much can accumulate and take a toll on us when reality kicks in.
Let’s look at five things you should watch out for when you’re about to make a big decision. I’ll also give you some tips and advice on dealing with these situations when they arise.
Will it benefit you in the long run or give you more problems?
This question is probably one of the more essential to keep asking yourself. Will it benefit you, or will it give you more problems down the line?
It doesn’t just apply to business or your careers but in your life too.
There are several instances when we see something and think, “I have to buy that.” However, did you ever stop to consider if you really needed it? We can say the same in a business setting. We purchase so many services for ourselves or our business, and in the end, we only use them a couple of times and forget about it.
An excellent way to mitigate this is to create a list of pros and cons for what you’re about to purchase.
This way, you can see everything clearly and decide whether or not you’ll continue the purchase.
Another great way is to sleep on it for 24 hours before making the purchase decision. Maybe you’ve been hyped up or excited because you just saw the ad a minute ago. Instead of ordering right away, give yourself a day to think about it. If you still want it the next day, it might be worth considering.
Is it within your budget?
A lot of our big decisions require money. And when we have a business, that’s something we must keep watch over with a keen eye.
Same as earlier, try to weigh the pros and cons before spending a large amount of money. A general rule would be to make sure that whatever you purchase, whether it’s a service or a product, will pay for itself after a set amount of time.
The time to set would depend on how big purchase you made. You wanted to invest in a beautiful website for your business, but it’d cost you much money to set-up. As long as you start getting more clients within the first few months, that would mean the website would have paid for itself.
However, if the opposite is true, it might not be time for an upgrade yet.
Do you see yourself using the service for a long time?
Let’s say you wanted to hire someone. This guy has all the skills you need to expand your business, and he seems to be dependable based on your call with him.
Do you see yourself working with them for a long time? Do you see him as a crucial part of your team to take your business to the next level?
These are the kinds of questions you should ask when making decisions that deal with other people. Hiring someone might be trivial for conglomerates, but it costs a lot for a small company or an individual entrepreneur.
So, if you’re looking to hire someone for their service, make sure that they’re someone you can trust and someone who can grow with your business.
How much will it impact your business?
There are times when our decisions and choices impact our businesses or our careers in a big way. Sometimes for the better, sometimes for the worst.
Most of us have already experienced a big disappointment in our lives, and it can be challenging to get back from it. The way forward is to accept it, learn from what happened and move on.
One way to mitigate the risk when making a big decision is to ask yourself—how much will this impact my business?
Look at as many angles as you can. If you’re about to hire someone, make sure they’re trustworthy. Do your due diligence. If you’re about to purchase a product, look at what it can do for your business before purchasing. And if you’re about to level up your business or career, ask yourself if you’re ready for the responsibility.
The worst that could happen is to decide on something that you’re not fully aligned with and not ready to take on.
Is it something you’re aligned with personally?
Many entrepreneurs or professionals might think that taking on more responsibilities in a company or expanding business and earning more is the key to success.
While success is relative to each person, doing something you don’t love can become a problem in the long run.
You might run out of motivation to do your job faster, you might feel obliged to do your tasks and give only the minimum effort needed to complete them, or you could quickly get burned out and quit.
Being aligned with what you’re doing is an essential aspect of business that many people overlook. So, when you’re about to decide on something that could potentially change your life, make sure you’re aligned with the decision, and you feel good about it first.