Description

Ever find yourself stuck in a loop of endless "what ifs" when making business decisions? The fear of financial loss, uncertainty, or a crisis of confidence can paralyze even the best entrepreneurs. What if there was a way to break free and make decisions with clarity and confidence?

On this episode of Become Sensible, we tackle the thorny issue of overthinking in business. You'll learn about the top three triggers that lead to decision paralysis---financial fear, uncertainty, and self-doubt---and discover a proven decision-making framework to help you move forward. We break down strategies like the 70-40 rule, scenario analysis, and categorizing decisions to avoid getting stuck. From handling chaotic situations to practical real-world examples, this episode is a roadmap for decisive, confident action.

Connect

Follow me, Fiona Nguyen, on LinkedIn. Learn more about Balannx.

Timestamps:

• 0:00 - Introduction and the struggle of overthinking in business  
• 2:00 - The importance of execution speed in business decisions  
• 3:00 - Three main triggers for overthinking: financial fear, uncertainty, and self-doubt  
• 6:00 - Implementing a decision-making framework for clarity  
• 8:00 - Simplifying problems using the first-principle method  
• 10:00 - Categorizing decisions: one-way vs two-way decisions  
• 12:00 - Using deadlines to prevent decision fatigue  
• 14:00 - The 70-75 rule: making decisions with incomplete information  
• 18:00 - Real-world strategies for testing decisions and collecting feedback  
• 20:00 - Frameworks for handling simple, complicated, and complex decisions  
• 24:00 - Final advice on building confidence and overcoming decision paralysis

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