Making decisions can be hard or easy. Very few decisions are exactly the same. However, there are some decisions we could categorize as Time Value Decisions and Life Changing Decisions.
Time Value Decisions
In our business we often need to make decisions that involve our time. Agreeing to work on-site with a client over 50 miles away is one that means we will need to commute. This infers we will have to drive or fly. This choice involves the cost of our time, as well as our money. Hence, a factor to consider it the total value of our time.
When we decide to take a leadership or committee role in an industry association, non-profit or local chamber we are also making a choice to use our time. We might also need to weigh in the anticipated value of the experience and additional collegial relationships we may develop.
Life Changing Decisions
Agreeing to change your business to a partnership from a sole proprietorship is a life changing business decision. Deciding to take on an employee instead of contracting work out is also a big decision. Some decisions often affect your business life in ways you don’t fully comprehend until you make the decision. For example, the year we decided to get a puppy we knew we would have to make some lifestyle decisions. This included taking the time to walk the dog as well as finding doggy day care when we went on vacation. We didn’t realized we would have to deal with the dog’s occasional barking while we were on the phone with client’s. Making the decision has affected our business practices. Could this unconsciously be why we waited so long to get our fabulous puppy?
Making a decision is often challenging, sometimes one of great and epic proportion. This may give you some insight into why it is often so difficult for our clients to make their own decisions.
This article is an adaptation of The Productive Professional Series by Terry Prince published in the early 2000’s.