StartupTalky

Tag: Tough Decisions

  • 9 Ways to Make Tough Decisions Faster in Your Startup

    Being an entrepreneur and beginning with your dream startup may seem like a cool idea and in reality, it is an amazing idea. However, it also comes up with lots of responsibility. Among all those, there is also the responsibility of taking all the decisions alone. Whatever you ma

    While in a startup we always need to make tough decisions. It can be hiring a team member or choosing the right marketing strategy. The decision is a termination of the thought process of a problem that exists in order to overcome a problem by selecting alternatives. Decisions made must refer to the existing problems and a reality surrounding them that allows the problem to quickly get resolved.

    Decisions can be made by groups within a team or individually crafted. Decision-making by a team usually takes a long time for each team member to express an opinion regarding the alternatives to their problems. If you are working in a startup, decision-making requires an analysis of the results of the thoughts or opinions of all team members for a better outcome.

    To make a decision, we need to know what problems we are facing and what alternatives we have. Thinking about it, we will gain a lot of thought and alternatives to it. In this article, we will talk about some tips that can help you to make a tough decision in your startup. So, let’s get started.

    Analyse the Situation
    Reevaluate Your Decision
    Ask for Advice
    Take Feedback From Your Team Members
    Logical Thinking
    Purpose of the Decision
    Avoid Being Subjective
    Have a Backup Plan Ready

    Analyse the Situation

    The first tip in making a difficult decision is to make a list of what is causing the obstacle. Gather all the information about the problem and what impact will it have on the company. This list will make you focus on thinking about alternatives that can be taken to overcome the hurdle. This way, making decisions regarding any situation related to your startup becomes easier.

    Reevaluate Your Decision

    Consider what a barrier for us in the process of making decisions that will be taken in order to resolve the problem, we must be careful and think logically about this. Reevaluate your decision, check the whole situation from to bottom again, analyse different perspectives and think about what can be the outcome of your decision. It is better to recheck it again and again instead of crying over a bad decision.

    Ask for Advice

    It is highly recommended to take advice from someone who is an expert in this field. Don’t shy away from asking for a piece of advice. Ask for advice from friends, family or your seniors who belong to this industry, who already know the problems that you have and have faced the same. Being seniors, they will be able to make you see the bigger picture which will be a benefit for you.

    Take Feedback From Your Team Members

    Feedback from team members and employees is necessary because it can help you in improving your performance and also decreases the chances of errors that can happen. Now, while making a decision taking feedback from them helps you as they are working for the company as much as you are.  If you do not agree with them, give them time to explain why they think so and if you agree, you can immediately think of a suitable alternative for your problem.

    Logical Thinking

    While making the tough decision, use logic and common sense. You should not use emotions, it affect your productivity and thinking. With clear thinking, you can find a wide range of alternatives in accordance with the problems you face. Too much of emotions can be a hinder and may make you confused about the whole situation. Logical thinking also includes in the situation of hiring and firing.

    Purpose of the Decision

    Before making the decision, find the purpose. Realise why you are making the decision and what will be its outcome. In the process of making tough decisions don’t try to fasten the process. Take time and find out what can be the outcome, if the said decision is taken and if making that decision will help you in achieving the desired results.

    Avoid Being Subjective

    You as the team leader must not be subjective in the decision-making process. Choose the alternative which you think is right and logical. Do not choose an alternative from the person you love or from the person you fear. Be open to other choices and choose the one that can benefit you and your business.

    Have a Backup Plan Ready

    Make a backup plan, and consider all the alternative decisions that you have thought of before regarding the said issue. By any chance, if your first plan fails and doesn’t work properly and there are difficulties in the implementation of that plan, so you can have another option. It’s just a precaution, if your plan doesn’t go well, then you can turn to the next better option so that your problem can be resolved as soon as possible.

    Conclusion

    It is never easy to make decision especially when you have just begun with your startup, one needs to be very careful before taking any step. Analysing the situation, consulting with a senior or taking feedbacks from your team, through these you can take a tough decision quickly which will benifit you and your business.

  • 10 Ways to Boost Self-Confidence That You Need to Know as an Entrepreneur

    Believing in your abilities, powers, and judgments is what brings success in life. Self-confidence is a memory verse in our day to day life. Life feels meaningless without self-confidence. Self-confidence can be achieved by analyzing and identifying what you are good at, what value you add by doing it, believing in yourself and portraying it to other people. Never try to diminish or underestimate your abilities or look at yourself as a lesser human being. There is always a potential in everyone that can be built. Remember, every human is special.

    There are so many advantages attached to self-confidence. It brings effectiveness, deadlines can be met on time, boost concentration and commitment in our tasks and also brings motivation. All these also helps to see challenges positively, hence reducing stress. For an entrepreneur, it’s very important to have self-confidence. Every time you meet your business partners, investors or even customers, self-confidence is what everyone looks for first. Here are 10 ways to boost your self-confidence that you need to know as an Entrepreneur.

    Self-Assessment
    Self-Assurance
    Overcome Fear
    Be Positive
    Learn to Help Other People
    Set Boundaries
    Be Assertive
    Actions and Body Language
    Change Your Mentality
    Always Prepare Yourself

    Self-Assessment

    As human beings, it is important to visualize. We tend to have a poor perception of issues when we have low self-esteem. We have set goals and it is through visualization that will take you through the processes of achieving them. A fresh mind and ideas are installed when you try to assess yourself. This not only increases confidence but also boosts ego.

    Self-Assurance

    The way we see or perceive ourselves is what drives our behaviour. We should stop looking down upon ourselves and must believe that we can make it. You drive towards working on what you affirm yourself. For example, if you sit down and hate yourself or start seeing yourself as ugly, who do you expect to appreciate you?.

    Overcome Fear

    What is this mountain that is scaring you? It is you who built that! We should come out of our comfort zones and self-pity and must learn to face all the issues head-on. The insecurities that we possess will never help us. It is the experience that makes us strong every day, so whatever challenges you, do it quite often.

    Be Positive

    Every time we should see ourselves as winners, don’t dwell on something that has been done by you but wasn’t a success. In life, we need to come up with realistic goals, there are times when people have been discouraged because they set targets that are not easy to achieve, avoid doing that. Set simple goals that are easy to win first, then change as you move on. This will help keep on track of your progress.

    Learn to Help Other People

    It is always good to touch the lives of other people and make a difference in them. We should learn to mentor people with our skills and inspire them to do their job perfectly. As we practice this, satisfaction comes naturally, this way, you realize your potential and gain new tactics to solve your own problems. Self-confidence can be built naturally if one keep these things in their mind.

    Set Boundaries

    Not everyone is perfect and can be a jack of all trades. Be assertive in everything and learn to be a go-getter. Learn to say no when it is necessary. Take control over your life and demand respect where you deserve it. It is the secret of achieving self-confidence.

    Be Assertive

    How we present ourselves determines how people will judge us. When we are self-assertive our self-esteem is built. Avoid being nervous and learn to voice your opinion. This way people will be ready to listen attentively to you.

    Actions and Body Language

    Take up what you have never done before, use the skills that you have, to do the impossible. Confidence starts to rise once we employ our energy. Body language speaks a lot, it can shout insecurity and it can also show that you’re ready to take over the world. Another secret to show confidence is when interacting with people try to maintain eye contact. If you are confident, people will also be confident in you.

    Change Your Mentality

    Low self-esteem can make you feel that other people are better than you. This makes you feel uncomfortable when associating with them.  See yourself as equal with the rest, you are unique and that is what makes you strong and different. You are not less than anyone.

    Always Prepare Yourself

    Poor performance most of the time occurs because of poor planning. When we prepare ourselves, we become more confident. This is also a mark of competency in you, it will show how mentally tough you are. Unexpected surprises of life will never get you shocked if you have prepared yourself for anything and planned them accordingly. Gather necessary information on an issue that you want to tackle and break those tasks into small sequences so that you can manage them properly.

    Conclusion

    Self-confidence is one of the key things leaders should have. Decisions that you make will determine the outcome of your expectations. When you are an entrepreneur, the self-confidence that you possess shows your worth to everyone. Before expecting someone else to believe in you, you need to learn to believe in yourself. Remember, you are the leader of your life, no one apart from you can change it.

    FAQs

    What are the four signs of low self-esteem?

    The four signs of low self-esteem are:

    • Saying negative things about yourselves.
    • Self-blaming when things go wrong.
    • Joking negatively about yourself.
    • Think that you are less than other people.

    What are the three types of Self-Esteem?

    The three types of self-esteem are inflated self-esteem, low self-esteem and high self-esteem.

    Why Self-Confidence is important?

    Self-confidence is important because it helps you in taking the challenges in life that are thrown at you.