three ways to approach big business decisions

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Three ways to approach big business decisions By Vanessa Stoykov

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Post on 22-Apr-2015

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There have been many times in my business that I have been faced with big decisions to make – the kind that can change the future shape and potential of the company. At these times it is vital you make the right decision to achieve your desired outcome.

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Page 1: Three Ways To Approach Big Business Decisions

Three ways to approach big business decisions

By Vanessa Stoykov

Page 2: Three Ways To Approach Big Business Decisions

Three ways to approach big business decisions

1. Think of the long term first

2. How to enhance your leadership

3. Allow yourself time

Life is full of decisions and business is the same. The choices you make today can make all the difference to the prosperity of

your business tomorrow.

Page 3: Three Ways To Approach Big Business Decisions

Inspiring Wealth Education

Think of the long term first

• What will the decision mean in 3,5 and 10 years time? Will it create a more viable business? Will it help your business grow faster? Will it allow you to expand your product range.

• If you think about the long term effect of your decisions you will have a better understanding of it whether it is right for you and your business.

Page 4: Three Ways To Approach Big Business Decisions

Inspiring Wealth Education

How to enhance your leadership?

• Any decision you make needs to enhance your ability to lead your staff, your clients and your business.

• Ask yourself: will this decision enhance my ability to lead the business or will it detract from it?

• Your decision started because of your vision and passion – the decisions you make must enhance that vision.

Page 5: Three Ways To Approach Big Business Decisions

• Big decisions need time.

• Don’t rush into an outcome or else you may uncover some unnerving facts later on.

• At the same time you don’t want to be paralyzed into no decision at all.

Inspiring Wealth Education

Allow yourself time

• Set yourself a time frame – a reasonable one – depending on the size of the decision.

• Take your time, do your research, talk to people you respect, and once you have all the information you can handle, make a fully informed decision.

Page 6: Three Ways To Approach Big Business Decisions

@ceovanessa

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