Poor Decision Making

When it comes to businesses, sometimes we fail to do sufficient due-diligence for a new project. We’ve heard the term ‘thinking outside the box’, but many hidden obstacles are ones that can be solved by thinking inside the box.

This way of thinking can help you view your goals and objectives in a different way than before. Ask yourself intuitive questions, such as:

·         Have I taken a real, objective look at the business venture from a negative and positive point of view? The positive attitude is essential, as long as it makes realistic and purposeful sense.

·         Do the differentials that I am proposing to the potential customer solve their problems in the short and long term?

·         Is my product uniquely competitive, and does it have a relatively long shelf-life?

·         Is it on the front of the ‘wave’, vs. the back?

·         Do I have the resources to make this opportunity viable?

·         Have I prioritized my objectives?

·         Am I good at this?

·         Did I do a thorough S.W.OT. analysis?

Try using this inside-the-box checklist for your next project. A new blog will be added each week. Take care. Thanks for listening.

 

_{Mike Levi is C.E.O. of Levi Inc. a 19 year old business advisory firm that is in the business of building and implementing sales and growth strategies for emerging businesses.} 

_{http://www.high-performancesales.com/}