Here's how you can navigate the common decision-making pitfalls as an entrepreneur.

Making objective decisions are key to the organization, it doesnt matter if you're working for yourself or for someone else. Sometimes biases can cloud your judgment, but if you're able to be reflexive and acknowledge your biases as part of your decision-making rationale to your team and other members of the organization, it's okay (even by psychological and scientific standards) to go ahead.

Can't blame if some one is biased and for those who are hard working, Can't blame if someone is biased based on gender, Can't blame someone if he or she is religious biased. Can't blame for being supportive to less privileged. Justified everything when bias is not harmful to the organisation.

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Keeping dossiers ready reduces lack of in-hand information when a quick decision is required to be resorted to. An SOP could also help manage and identify pros and cons when in need.

There is no success in the history who hasn't taken any risk. No initiative to take risk and lesser the problems. The best way to assess risks and to identify potential risk is to compare present with past scenarios.

Nobody waits till the iron is turned cold to get a desired shape out of it. Decision taking capacity greatly depends on timing, neither too quick nor too late. A pilot hovering over enemy territory has no time to think and has to launch a missile if he sense any danger.

It's basically the mind or heart game.Gut instincts could be wrong or may be right but depends on wisdom and luck. Intuitions gives insights to tackle situations. Analysis done well in time helps here.

Decision paralysis is kryptonite for an entrepreneur. I know. While it's important to weigh decisions, decision paralysis is like quicksand that sucks you in and slows everything down. Here's why: Missed Opportunities: In fast-paced markets, delaying decisions can mean missing out on opportunities that competitors seize. Stagnation: Overthinking can lead to stagnation where your business fails to adapt or innovate, falling behind more agile competitors. Loss of Momentum: Procrastination delays progress, affects productivity, and delays results. Avoid the trap of over-analyzing. Get enough information to make an informed decision, weigh your options, and make the best choice available to you. Pivot as needed. Rinse. Wash. Repeat.