Category Archives: decision making

You think it’s futile?

Don’t give up too soon.

No sign of progress does not mean no progress.

Don’t look for excuses to give up. Patience and persistence may still be rewarded. Keep checking the feedback and listen to the critics, especially the people who are usually your cheerleaders, even if you think they’ve got it wrong and you’re sure you’ve got it right.

But eventually you may have to admit, they’re right. You’re doing it wrong.

The clichés get repeated because they’re often true: Insanity is doing the same thing over and over again and expecting different results. Continuing to bang your head against the wall only gets you a headache.    

So how do you know when to quit? Go back to square one: Check your goal and your plan. Review the feedback and the apparent lack of progress. Have you learned enough to find a better path to achieving the goal?

Is the original goal still important to you? If it is, then make adjustments and keep pushing. Try a different approach if you think it will improve the odds of success.

If you decide the goal is no longer worth the effort or that your efforts are entirely futile, then it’s time for a pause, some reflection, and a new plan.

Be better. Do better. 

Del Chatterson, your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

 Read more Blog posts at: LearningEntrepreneurship Blogs

 

 

 

 

You always have a choice

Usually a multiple choice.

A simple yes or no would be easier. And sometimes that’s good enough.

“Yes, that’ll do. I’ll take that one.”

It’s right there in front of you. Don’t make it complicated. Just do it.

But maybe it's not so simple. As Einstein or some other genius has been quoted as saying, “There is always an easy and obvious answer. That’s usually wrong.”

Take your time to consider the alternatives. Make a better choice and you may have better results. More pleasure, less pain.

What’s your choice?

 

 

Be better. Do better. 

Del Chatterson, your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com

Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

 Read more Blog posts at: LearningEntrepreneurship Blogs

The light is green 

Coming out of the dark tunnel

According to the experts in pandemics and public health we are approaching that light at the end of the tunnel and it’s not red!  Of course, only the politicians who dictate the rules of play can decide if we’re actually out of the dark tunnel of restrictions on our businesses and social lives, but we seem to be making progress and learning to accept the new normal of continuing public heath risks and the necessary means of protecting ourselves.

So maybe it’s time to turn our attention to other global concerns – climate change, the rising power of China, the military threats of Russia, abuse of human rights, social conflict and the decline of effective democratic institutions and rational, responsible behaviour. We might be limited in what we can do to help resolve these issues, but we can definitely do more than watch and worry. We can do better than the panic or paralysis that seems to be the objective of non-stop media messaging on what to watch and what to worry about.

Let’s be more selective in the information we use in our decision-making and more thoughtful in determining our response. It not as simple as choosing who to believe or what to believe. We have to apply critical thinking in the context of our current situation and the world around us. Mature and responsible citizens recognize that protecting rights and freedoms comes with responsibilities to respect the same rights and freedoms of others. We can survive, thrive and live well, if we work together.

We have to do what we can to make the world a safe place for everyone, in addition to directing our focus and our efforts back on our own selfish interests in ourselves, our families, and our businesses. Balancing those priorities are the essence of responsible citizenship and enlightened entrepreneurship.

Be better. Do better. 

Del Chatterson, your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

 Read more Blog posts at: LearningEntrepreneurship Blogs

 

 

Check your assumptions

Before you decide

You may be off to a bad start, and getting it wrong

When we make decisions we always have a set of assumptions in mind, usually in background, not always recognized or made explicit.

Here’s a short list of starting assumptions to check-off before you finally decide:

  • Am I the right person to be making this decision?

 

  • Do I have to decide now? Or later?

 

  • Do I have all the information I need to get it right?

 

  • Do I have input from those who will be most affected by the decision?

 

  • Do they have the commitment, capacity, and resources necessary to implement it?

 

  • Am I committed to removing the obstacles and supporting them to the finish line?

OK, now you’re ready to decide. So, do it!

Be better. Do better. 

Del Chatterson, your Uncle Ralph

Learn more about Enlightened Entrepreneurship at: LearningEntrepreneurship.com Read more of Uncle Ralph's advice for Entrepreneurs in Don't Do It the Hard Way & The Complete Do-It-Yourself Guide to Business Plans - 2020 Editions.

 Read more Blog posts at: LearningEntrepreneurship Blogs

 

Expertise or Opinion

Which is it this time?

If you ask for an opinion you’ll get one. Almost nobody can resist giving you a response.

They’re flattered that you asked and they don’t want to disappoint you. Apparently, you think they’re an expert in the subject. Or at least you think they might have an intelligent, insightful opinion.  Nobody is going to tell you you’re wrong, on either count.

They’re thinking, “Yeah, I’m sure I can come up with something useful.” They’re never thinking, “But I’m an idiot. I know nothing and have no opinion on the subject.” Have you ever heard that answer?

But it can be dangerous to ask. What if they’re adamant about a really bad idea? Now you have a problem.

It’s best to preface your request with the caveat, “I welcome your input, but please don’t take it personally, if I choose to ignore it.” Much better than having to respond with, “That’s the dumbest thing I ever heard.” It’s hard to recover from that conversation.

So, carefully ask the question and clearly distinguish between a formal request for expert advice and a friendly exchange of personal opinions. Confirm your expectations before you ask. It will be easier to know what to do with the response.

Be better. Do better.

Your Uncle Ralph, Del Chatterson

Political decisions

Risky business

Political decisions are risky because they're public and they're personal. They're political because they're about principles, policy and personalities. They're important and unavoidable.

Political decisions have to be made, not just in politics... in business and in life. The question is, will the decision be guided by the principals and the policy objectives or by the personalities and the politics in play?

As President John F. Kennedy described in his book, Profiles in Courage, the decision maker's courage and character are revealed by decisions that ignore the politics and the personal costs, but defend the most important principles and move everyone in the right direction.

Recent examples: John McCain defying President Trump and his Republican colleagues; Republicans defending Trump to protect their own careers; Maxime Bernier abandoning the Conservatives; Premier Couillard betraying loyalties prior to an election campaign.

What about political decisions in your business?

Also risky, important and unavoidable. Also revealing of courage and character.

In my own book, DON'T DO IT THE HARD WAY, I describe the Seven Biggest Mistakes that entrepreneurs make and how to avoid them.

Mistake #7: Distracted by Personal Issues

Personal issues in the business are usually political issues. Especially in family businesses. Company politics often detract from good management and decision making in the business, affecting performance. Personalities and political issues may relate to the owner, family members in the business, the management team or some key staff members.

Avoiding the Seven Biggest Mistakes is a question of balance. To avoid mistake #7, keep your personality in your business plan, but keep personal issues and politics out of your business.

Be better. Do better.

Your Uncle Ralph, Del Chatterson

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Check out Uncle Ralph’s books: "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans" Both are available online or at your favourite bookstore in hard cover, paperback or e-book. 

The Power of No

Be willing to walk away

Saying-noIt's not a tactic and it's not a bluff. It's a change in attitude that changes the relationship for both sides.

Now you are only here because you both want to be. And you're working toward the same objective. Confronted with a firm no, both parties will find a better way to get to the win-win.

Or agree to walk away to other options and stop wasting each other’s time.

Be better. Do better.

Your Uncle Ralph, Del Chatterson

Visit LearningEntrepreneurship.com or contact DirectTech Solutions at www.DirectTech.ca for assistance on your strategic business issues, growth and profit improvement plans or your exit strategies.

Join our mailing list at LearningEntrepreneurship.com for ideas, information and inspiration for entrepreneurs.

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Click Here to check out Uncle Ralph’s books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans" Both are available online or at your favourite bookstore in hard cover, paperback or e-book.

 

Timing is everything

And it’s your choice

watching the clockIn decision making, we often spend a lot of time analyzing the who, what, where and why, without giving sufficient consideration to the when. It seems obvious, as soon as possible, now that we’ve decided. But maybe not.

We always have a choice to make. It’s now or later. Maybe never. Deciding not to decide is also a choice.

We cannot go backwards and do it sooner than right now, so let’s not waste time on regrets and the shoulda, woulda, coulda self-flagellation. Your choice of timing may have more impact on the consequences than all the other considerations. The important decision is: When?

Whether it’s start-up or shut down, launch or terminate, hire or fire, buy or sell. Timing may be more important to getting the best results than any of the other decisions. Discussions and decisions on packaging, pricing, target markets, marketing copy, graphics design, sales pitches, tools and tactics may never end. You can always wait for more information, lower costs, better test results, more resources. But when to go or not go is the real question.

It is your choice and it will be wrong a lot of the time. Remember not to waste time on the self-flagellation. Extract the lessons you can from the experience and do better next time.

Be better. Do better.

Your Uncle Ralph, Del Chatterson 

Visit LearningEntrepreneurship.com or contact DirectTech Solutions at www.DirectTech.ca for assistance on your strategic business issues, growth and profit improvement plans or your exit strategies.

Join our mailing list at LearningEntrepreneurship.com for ideas, information and inspiration for entrepreneurs.

Read more articles at:Learning Entrepreneurship Blogs. 

Click Here to check out Uncle Ralph’s books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans" Both are available online or at your favourite bookstore in hard cover, paperback or e-book.

 

 

Alternative Facts

Or alternative conclusions?

FactsWe seem to be learning from the current political debate that not only is it OK to invent alternative facts, (what we used to call lying), but that they are useful to explain and justify bad ideas. It may have proven to be effective in political campaigns, but it is definitely not recommended for subsequently making good management decisions.

In government and business, we will eventually have to deal with the real facts. Both those that help us define the problem and those that help us understand the consequences of our decisions and actions.

But even if we agree on the facts, the answers are not obvious. Alternative conclusions are still possible. And some people will be determined to ignore the facts and continue to rely on their pre-conceived notions.

There is a lot of research and commentary explaining our universal human tendency toward confirmation bias. That is, our consistent unquestioning acceptance of evidence that confirms our established beliefs and our equally stubborn denial of those that contradict our beliefs. Or as my mother wisely observed during my own brief venture into political campaigning over fifteen years ago, “There is no use in confusing them with the facts, they’ve already made up their minds.”

Important to remember though that the phenomenon applies to us all, not just those on the other side of the argument.

Arriving at agreed conclusions even from an accepted set of facts will always remain a challenge for leaders and managers. I had a memorable lesson in that principle early in my consulting career. I was responsible for an engineering work study to analyze a production bonus system that was unsatisfactory to both the union and management at a Canadian mining operation in Ireland. After thorough analysis, we made our objective fact-based presentation to each side and were astonished to hear them both conclude what they already thought before we started, “I knew those bastards were stealing from us!”

So for good management decisions and effective leadership, it is important to start with an agreed set of facts, then apply both rational argument and appeals to emotion, if necessary. Even then, some will not be persuaded until they see the results after the fact.

So how do we develop better solutions based on rational decision making? First, check that the facts are legitimate, verified and proven. Then accept that the selection and presentation of the facts is always biased by the source and their intent to support a particular argument or point of view. Consider your own biases and how they are affecting your assessment of the facts and the source. What are the alternative explanations and potential conclusions based on the same set of facts?

Then make the choices and develop your rationale before trying to persuade anyone else of your decisions and plans. It’s never as simple as “Just the facts, sir, just the facts.”

Your Uncle Ralph, Del Chatterson

Read more at:Learning Entrepreneurship Blogs. 

Join our mailing list for more ideas, information and inspiration for entrepreneurs.

Click Here to check out Uncle Ralph’s books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans" Both are available online or at your favourite bookstore in hard cover, paperback or e-book.

 

Trump election lessons for your business

Democracy makes for bad decisions?

trump-winnerThe recent election of Donald Trump was a shock and a disappointment to many of us. The political analysts and commentators, experts and amateurs, will debate it intensely for weeks and intellectually for decades.

But what have we learned for our businesses?

Here are some discussion points that I suggest you can share with your management team, the next time they stray off the topic and insist on talking about the recent election, instead of the business issues of the day.

  1. Democracy does not always deliver the results you expect or want.
  2. Be careful of the limited choices that you offer.
  3. The most popular choice is often not the best choice.
  4. Leadership needs to listen. But empathy is not enough. Without an effective response to the complaints you will be labelled as weak and ineffective and risk being replaced.
  5. Stop talking to, and listening to, only the people who agree with you.
  6. Stop assuming that you can persuade people by logical arguments. Do not write them off as ignorant or irrational. Recognize they are influenced differently from you.
  7. You cannot persuade your opponents to change by using the influencers and channels of communication that they do not trust.
  8. Reasons for making a particular choice are volatile, unpredictable and not always subject to explanation or analysis, by the experts or the voters themselves, before or after the fact.
  9. Plato said it first: “Beware of democracy: ordinary people are too easily influenced by the emotional and deceptive rhetoric of ambitious politicians.”
  10. Effective leadership has a responsibility to make difficult decisions, explain them satisfactorily, implement them effectively and ensure that any negative consequences are adequately addressed.

Winston Churchill graciously defended democracy after losing his bid for re-election in July of 1945, "Democracy is the worst form of government, except for all those other forms that have been tried from time to time."

He may have been right about government and we should all exercise our democratic right to vote and defend and protect our democratic institutions.

But in your business, good management is a better idea than taking a vote.

Your Uncle Ralph, Del Chatterson

Read more at:Learning Entrepreneurship Blogs. 

 

Join our mailing list for more ideas, information and inspiration for entrepreneurs.

Click Here to check out Uncle Ralph’s books, "Don't Do It the Hard Way" and "The Complete Do-It-Yourself Guide to Business Plans" Both are available online or at your favourite bookstore in hard cover, paperback or e-book.