How to Make Better Decisions

decisions“We have no way of knowing what lays ahead for us in the future. All we can do is use the information at hand to make the best decision possible.” –Christopher Walken, Wedding Crashers

While we can all agree the majority of decisions in Wedding Crashers were poorly chosen, this particular line is a great mantra for life and business. It’s a simple reminder that while we cannot always change our circumstances, we can change how we react to them.

Nothing tests your leadership skills more than your decision making ability. And as much as we want to avoid misinformed decisions, it only takes one to knock you down. When it comes to being a leader, you’re only as good as your last decision.

So how can you best avoid making a bad decision? By asking yourself questions and following these four steps:

1. Analyze the situation: Who does this impact? Do you have data to support the decision? What is the motivation?

2. Consider others: How would other people feel about your decision?

3. Conduct a cost/benefit/risk/reward analysis: What are the pros and cons of your decision?

4. Assess your morals: Will this decision compromise your values, character or integrity?

By setting goals, gathering information and assessing alternatives, you can put yourself in the best position to make better decisions.

Note: “Fresh Ideas” are published each week by Countybank and its family of financial service companies. With financial centers in Greenville and Greenwood, Countybank has a team of highly engaged professionals ready to bring a full scope of financial solutions designed to help families and business owners reach their goals.