Leadership and Decision Making 4 Common Mistakes

first_imgLearn four common leadership and decision making mistakes that entrepreneurs make and how to avoid them.leadership and decision makingErik Sherman of Inc. outlines four leadership and decision making mistakes that entrepreneurs often commit.Sherman starts by recommending that entrepreneurs avoid “monumentalizing the trivial.” He points to a recent analysis by University of Florida and Wharton School researchers that found that people “associate important decisions with difficulty.” If outside factors add difficulty, then even unimportant decisions suddenly seem monumental.“Make your choice and move on,” Sherman says.Next, he targets “dredging sunk costs” and recommends that entrepreneurs stop “throwing good money after bad.” After that, Sherman moves to data. He writes that companies are drowning in data, so start focusing solely on what’s relevant to your business. Lastly, “realize that every decision is temporary,” so don’t think that anything you do represents a “do-or-die” moment.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more