Five Key Elements You Need to Make a Great Decision

Compass is often seen as the symbol of decision-making.

You make decisions every day. Whether it’s for work, school project, or simply daily life things, you’ll always be prompted to choose between two or more different things.

It is a choice that affects your life as an individual and the lives of others.

This article will help you make better decisions by identifying five elements that go into making a great decision.

Your Decision-Making Process

First, you need to identify the best decision-making process for you. The process can be physical, mental, or emotional. Each process has its strengths and weaknesses.

Your principles and process will determine the amount of information you need to gather and the time you will spend on each decision.

Identify your decision-making style to make decisions that are consistent with your personality. This will help you avoid making irrational decisions.

The decision-making style I recommend is a combination of the five elements described below.

Be Selective

Focus on specific goals and outcomes. Think in terms of “whats” and “hows”, whether it’s solving problems and eliminating concerns.

Also, think in terms of concrete details rather than general ideas. Expert decision makers can’t take a complete, full-fledged action based on vague decisions.

Decide Based on Facts, Not Emotions

Have a solid understanding of the facts (the numbers, dates, people involved) before deciding. The best decisions are made after careful research and weighing all the facts.

Think about negative consequences each decision can bring you and how to handle it before you even make the decision.

While you aren’t allowed to be swayed by emotions, you still need to make an ethical decision that won’t harm other people’s well-being. Always follow your moral decisions.

A man, in the process of decision-making, sitting on a black sofa.

Use Multiple Sources of Information

Information comes from many sources. Think about all the information you have available to help you decide. Do not rely solely on one source.

Always be looking for new information and think about how it can affect your decision. Be open to new ideas that might affect your decision-making process.

Listen to All Points of View

Listening to all points of view is critical. You need to have all the facts before deciding. This includes considering what the other person wants and needs.

The information that is provided may conflict, but it is important to consider all sides before deciding.

Consistently Make Decisions

Once you have decided, you need to be consistent with your decisions. Do not make different decisions based on different circumstances or changing circumstances.

Make the same decision every time you face the same situation. Be consistent with your actions, and your words and thoughts about decisions.

Be consistent with yourself in everything you do, because consistency will help you make better decisions in the future.

Keep Your Decisions Simple

Your decision-making process should not become too complicated for you to follow through on them consistently. Do not figure out too many details that may cause you confusion or anxiety when trying to decide.

If it becomes too complicated, it will be more difficult for you to follow through on your decisions consistently, and consistently makes for poor decisions.

If your decision-making process becomes too complicated, it will tempt you to skip it and make a decision that is not in your best interest.

Listening to other people’s point of view can make decision-making easier.

Final Thought

If you are going to make a decision, do not be afraid to be innovative. You will find that sometimes, you need to make decisions that go against what your logical mind would tell you is the best decision.

Think about how your decision-making process might differ from someone else’s and think about how it might help you make better decisions in the future.

I hope this article will help you improve your decision-making skills and give you a new way of thinking about making decisions in your life.

About the Author

I hope that my post has helped you know more about Startups. Feel free to leave a comment and tag me and I will answer them. Follow my profile to get the latest content I post to stay ahead of the curve.

I am the Founder of Cudy Technologies, a full-stack EdTech startup helping teachers and students learn better. I am also a mentor and angel investor in other Startups of my other interests (Proptech, Fintech, HRtech, Ride-hailing, C2C marketplaces, and SaaS). You can also find me on Cudy for early-stage Startup Founder mentorship and advice.

Connect with me on LinkedIn if you have further questions. Let me know that you are a reader of my Medium posts in your invitation message.

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Alexander Lim

Alexander Lim

Founder of Cudy Technologies (www.cudy.co), a full-stack EdTech startup helping teachers and students teach and learn better. I am also a mentor and investor.