Over the next few weeks, I want to share some of the tips and tools that I've compiled to help with making high-quality decisions, and it all starts with values.
Strategy defines where you’re going; values define how you’ll get there.
Why use values when making decisions?
At the best of times, making decisions for your business can be infused with anxiety and uncertainty. Layer on a pandemic and the pressure to make the right decision can feel overwhelming.
But making decisions becomes far easier when you know what your values are. These are the things which define who you are at your core, both personally and professionally.
You make better, higher quality decisions when your values are clear. In general, decisions are a whole lot easier and less time consuming when you know what’s most important to you.
From my upcoming book, Driving Great Results:
You must explicitly define and know your values to ward off inconsistencies in how you make decisions, and to minimize mental fatigue as a result of continually remaking or second-guessing your
Prioritizing your values
This can be one of the most challenging steps in cementing your values system.
In making any decision, different factors will come into play and the strength of one particular value verses another can easily change the outcome. For example, you will choose to invest your money quite differently if short-term profitability is valued more than sustainable growth.
All values are not created equal and in prioritizing your values, you are consciously determining how you want to run your business.
Reassess – values change over time
People change, situations change, and values change.
As a self-admittedly pretty selfish guy before I had kids, I’m amazed at how quickly and easily I’ve had to adjust my value system once I realized that the needs of my family come first. Life experiences have the potential to influence and alter your value system and it’s important to periodically reflect on your values and how you prioritize them, and adjust accordingly.
When you know your values and what’s important to you, you’ll be happier with the decisions you make and people will always know where you stand.
Stay tuned for Wednesday's post - 3 steps to defining your own prioritized value system.