Every day we make decisions that shape our lives; when you are a business owner, you 'get' the opportunity to make even more. Making strong, empowered decisions will lead you in the direction of your goals and aspirations. On the other hand, poorly made or rushed decisions can have devastating effects.
Take something seemingly simple like selecting a merchant account for your business:
The wrong choice comes with many challenges:
- Poor Service
- Contractual Obligations
- High Fees
- Surprise Fees
The right choice comes with many benefits and can help you run your business more effectively:
- Exemplary Service
- Flexible Terms
- Reasonable Rates
- Full Disclosure of Fees
So how do we run a business, handle staffing, deal with equipment expenses, taxation and the laundry list of things business owners have to handle? We learn how to make GOOD DECISIONS! Here are 4 steps to help you get better at strong decision making!
1- GET THE FACTS Making decisions without all of the facts is just plain dangerous! Facing each decision, armed with all of the information you need in order to 'do the right thing' is the best way to begin your decision making process.
2- CONSIDER YOUR DESIRED END RESULT Now that you have all of the information, you need to think about your desired end result. Consider the areas your decision can impact and make sure that you are keeping that end result in mind prior to making any decisions.
3- TRUST YOUR INSTINCTS Each of us has that still, small voice that whispers to us when we need advice; LISTEN TO YOURSELF. Sometimes we have so many other voices giving us opinions and advice that we forget to listen to ourselves. Learning to trust your knowledge and experience is key when making any decision.
4- IS IT RIGHT? You have gathered all of the information, weighed and measured it while considering your desired end result and you have a sneaking suspicion that you KNOW what you need to do. The last step is to ask yourself if the decision is RIGHT? Is your decision ethically grounded and is it good and right for all parties involved?
Making good decisions in your business does not have to be difficult if you follow these time honored steps. You can pick a great processing partner (We know one!! ) or make any of the many decisions you will eventually need to make with ease when you:
- Get the Facts
- Consider Your Desired End Result
- Trust Your Instincts
- Make Sure It Is RIGHT!