High Risk Decision Strategy for Entrepreneurs

 

Life involves risk.

But entrepreneurs face bigger risks, and face them more often. When facing a decision where the risks are high, your decision fatigue sets in big time.

You slow down. You are stressed.

Today we are going to discuss how to alleviate the stress in your decision making, and ultimately alleviate the amount of risk as well.

Every choice you make has an expense. So how do you decide which costs are worth it? 

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Play Offense Against Anxiety: Transform Fear into Growth

 

Let’s talk about anxiety, because entrepreneurs face anxiety-inducing situations on a regular basis. And sharpening your skills for outmaneuvering anxiety will serve you well.

You can’t use willpower to fight anxiety. That’s like trying to put out a fire by pouring gasoline on it. Anxiety resists our efforts to suppress it. It may sound odd, but one of the best ways to handle anxiety is to think bigger.

It’s a way to shift the playing field in your favor, activating a mentality shift that gives you the upper hand. It’s about shifting from a defensive stance against what you fear to an offensive strategy focused on what you desire.

This isn’t about ignoring the risks you face, but empowering yourself to face them with a confident smile and an ace up your sleeve.

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Make better decisions with rapid feedback loops

 

Do you want to upgrade your decision making skills?

Then it's time to shorten your feedback loop!

Why? Because we don’t learn from our experiences. We learn from reflecting on our experiences. By watching this week's challenge, you'll discover how to create a feedback system that will refine your business insights.

Don't miss out on this opportunity to stay at the top of your game and achieve your goals faster. Slow down to make a feedback system and you will have greater awareness of what is working, and what is not.

Resources Mentioned:

Dr. Michio Kaku 

Chip & Dan Heath

One Line a Day

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How Your Beliefs Impact Testosterone

 

This week's video describes the results of a 2018 study conducted at the University of Cambridge about boosting testosterone levels.

It’s a method that can create a 5% boost in testosterone within minutes, no supplements needed.

It has to do with changing what you pay attention to and what you believe about yourself.

Your attention acts like a lens—adjust its focus, and you can change your inner reality in ways that change your outer reality.

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Remove emotion to get more done

 

Wall Street traders who are "unemotional" make more money. So what does that mean for your productivity?

You can get more done if you learn to ignore your emotions when deciding where to focus next.

Want to end your day satisfied that you focused on the stuff that matters? Watch this week’s challenge.

Resources Mentioned:

Nir Eyal - Indistractable

Temporal Discounting

 

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Master the “Hierarchy of Productivity Needs” for Entrepreneurs

 

There are so many ways to improve productivity. How do you know where to start?

Think of it like a pyramid. At its base are your fundamental needs for productivity - the equivalent of Maslow's physical safety needs.

As we ascend, each level represents a more refined aspect of productivity, culminating in the pinnacle of entrepreneurial strategy.

Let’s pinpoint where you are on this hierarchy right now… and see what it would take to ascend to the next level.

This short video shares a bird’s eye view to make it easier for you to see what currently fuels your productivity engine.

Ready to climb this pyramid and see the view from the top?

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An Emergency Kit for Entrepreneurs

 

Do you ever feel overwhelmed and rushed?

This often leads to a scattered and stressed response, which is not good for your productivity.

This week's productivity challenge is to create a plan ahead of time for days like that.

This way, you can stay on track with your goals even on days when you’re getting pulled in ten different directions at once.

Watch this short video to hear my thoughts on how to create a plan in advance so you can stay focused and productive, even on your busiest days.

 

Resources Mentioned:

https://twitter.com/dan_p_nicholson

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Success Strategy: Make Wellbeing Your #1 Goal

 

We chase success believing it will bring happiness, but what if we reverse the equation?

Your wellbeing is the soil from which the seeds of your goals will grow.

When the soil is rich and nourished, goals tend to flourish effortlessly.

Let’s examine a few practical strategies to enrich the soil where your dreams grow.

Let’s tame worry and frustration to enhance your overall success potential and quality of life.

Can you spare a couple minutes to ensure your journey towards success is as fulfilling as the destination itself?

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The Surprising 1-2 Punch for Success

goal achievement kpi okr Jan 31, 2024
 

If you’re not getting a total KO on your goals, it could be because you’re missing a simple research-backed formula.

#1: Monitor your goals frequently

#2: Think about what you love

I want you to use this one-two punch to make faster progress on your goals.

Today I want to explain why this combo works. Let me show you how it can lower stress and increase focused action.

Resources Mentioned:

Benjamin Harkin, PhD

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Build a Self-propelling Team

 

In this week's video, we delve into a mental framework for leadership decisions: the "Whoa, Not Giddy Up" hiring and retention strategy.

I want you to feel like a sports coach who doesn't need to urge their athletes to play – they're self-driven. That's the team you deserve.

I'll show you how to identify and foster such individuals, transforming your role from a constant motivator to a strategic director.

This shift not only enhances team productivity but also elevates your leadership effectiveness.

Click here to watch the video and start using this mental framework to improve team dynamics.

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