8 Questions That Help Entrepreneurs Make Strategic Decisions
to watch this episode, subscribe to my YouTube channel: optYOUmize podcast Youtube (https://www.youtube.com/channel/UCWvxoLriASU4dJ11KhMg2dQ/)SummaryIn this episode, Brett Ingram discusses the importance of making strategic decisions as entrepreneurs. He introduces nine questions that can help entrepreneurs make better decisions. These questions include defining the decision, assessing market demand, considering the fit within the core vision and business, evaluating capacity, planning for achievement, envisioning the best and worst case outcomes, predicting the odds of success, and determining if one can live with the worst case outcome. By asking these questions, entrepreneurs can gain clarity and make decisions with a higher probability of success.Takeaways* Making big, tough decisions is part of the job description as an entrepreneur and business owner.* Relying solely on gut instincts for decision-making is risky.* By asking the nine questions provided, entrepreneurs can clarify the costs and benefits of their decisions.* Considering the best and worst case outcomes, as well as the odds of success, can help entrepreneurs make more informed decisions.Chapters00:00 Introduction00:30 The Importance of Strategic Decisions02:26 The Nine Questions for Strategic Decision-Making03:52 Question 1: Defining the Decision04:19 Question 2: Is There a Demand?05:18 Example: Assessing Market Demand06:44 Question 3: Does It Fit Within the Core Vision and Business?07:43 Question 4: Do We Have the Capacity?10:10 Question 5: How Do We Plan to Achieve It?14:28 Question 6: Best Case Scenario Outcome16:20 Question 7: Worst Case Outcome17:19 Question 8: Prediction of Odds of Success19:15 Question 9: Can We Live with the Worst Case Outcome?20:43 Conclusion and Takeaways#entrepreneur #worklifebalance #successhabits #strategicdecisions #empoweringquestions #successhacks #strategy #websitesales #business #success #entrepreneurslife #entrepreneurialmindset #entrepreneurtips #entrepreneurmind #entrepreneurmotivation #optyoumize #brettingram #digitalmarketing #onlinemarketing #digitalmarketer #entrepreneurpodcast optyoumize.com optyoumize
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Show Notes
to watch this episode, subscribe to my YouTube channel: optYOUmize podcast Youtube
Summary
In this episode, Brett Ingram discusses the importance of making strategic decisions as entrepreneurs. He introduces nine questions that can help entrepreneurs make better decisions. These questions include defining the decision, assessing market demand, considering the fit within the core vision and business, evaluating capacity, planning for achievement, envisioning the best and worst case outcomes, predicting the odds of success, and determining if one can live with the worst case outcome. By asking these questions, entrepreneurs can gain clarity and make decisions with a higher probability of success.
Takeaways
- Making big, tough decisions is part of the job description as an entrepreneur and business owner.
- Relying solely on gut instincts for decision-making is risky.
- By asking the nine questions provided, entrepreneurs can clarify the costs and benefits of their decisions.
- Considering the best and worst case outcomes, as well as the odds of success, can help entrepreneurs make more informed decisions.
Chapters
00:00 Introduction
00:30 The Importance of Strategic Decisions
02:26 The Nine Questions for Strategic Decision-Making
03:52 Question 1: Defining the Decision
04:19 Question 2: Is There a Demand?
05:18 Example: Assessing Market Demand
06:44 Question 3: Does It Fit Within the Core Vision and Business?
07:43 Question 4: Do We Have the Capacity?
10:10 Question 5: How Do We Plan to Achieve It?
14:28 Question 6: Best Case Scenario Outcome
16:20 Question 7: Worst Case Outcome
17:19 Question 8: Prediction of Odds of Success
19:15 Question 9: Can We Live with the Worst Case Outcome?
20:43 Conclusion and Takeaways
#entrepreneur #worklifebalance #successhabits #strategicdecisions #empoweringquestions #successhacks #strategy #websitesales #business #success #entrepreneurslife #entrepreneurialmindset #entrepreneurtips #entrepreneurmind #entrepreneurmotivation #optyoumize #brettingram #digitalmarketing #onlinemarketing #digitalmarketer #entrepreneurpodcast optyoumize.com optyoumize
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