Escape Analysis Paralysis with ONE Decision | Compass Point Skip to main content

Analysis Paralysis - Email

In case you haven’t heard, building and growing a business is quite complex.

It requires people, all of which have different perspectives, personalities, strengths, skills, motivations, etc. and all of whom must be in alignment in order for the company to grow.

It requires systems to meet the growth goals of the business, all of which must be built, tested and documented.

Lastly, it  requires cash to support the people and run the systems.

The catch? Just because you have people, systems, and cash doesn’t guarantee a business will grow.  You have to make informed decisions that involve a mix of all three, which is where many businesses and teams get stuck.

Research states that the average adult makes over 35,000 decisions a day. As a business owner, hundreds or even thousands of those decisions revolve around moving your business forward.

This underscores one of the key differences between businesses that scale well and efficiently versus businesses that don’t – knowing WHICH decisions to make and WHEN to make them.

Enter analysis paralysis.

A typical decision starts with an individual using basic logic, experience and/or specific data to determine a potential course of action. The resulting analysis should provide a clear path to an answer, solution or at least a pros and cons list that reveals the most favorable options.

But when we are faced with unfamiliar circumstances analysis paralysis often sets in from:

trying to weigh an undefined number of variables
having entirely too much data to process
allowing too many individual perspectives into the decision-making process (aka too many cooks in the kitchen)
So… how does one escape analysis paralysis?

Begin with ONE decision.

The commitment to create a process for working through decisions.

This one decision will save you hours of time and frustration. It will also give your team the framework for successfully making decisions in the future without you.

I always recommend that my clients strengthen their decision-making process by establishing key metricsThis is a critical tool for sorting through the overabundance of data, information, and technology that can overwhelm the process.  Key metrics help peel away the irrelevant “noise” and get everyone focused on what matters most in getting to a decision.

One other piece of advice… at the beginning of the meeting, frame what decision(s) must be made. There may be debate and disagreement. Great. Just be sure to agree to leave analysis paralysis at the door and COMMIT to making a decision before you leave the meeting.

Want help setting your business’ key metrics?

Schedule a 90-minute coaching call with me.

Cheryl Doll profile picture
Cheryl Doll

Cheryl has spent over 20 years in higher education, wearing many different hats, including faculty development, teaching, and strategic planning. Over the last five years, she developed her passion in helping community colleges create strategic goals and building future leaders within the academy. She then saw a need for this type of work outside of higher education, specifically in family businesses, the businesses that support much of the economy in and around the Lehigh Valley.

You may also like…

BLOG | STRATEGY

Where’s your road map for 2023?

Do you have your plan for first quarter 2023? Is it written down for the team to see, understand and act upon? Or is it still tucked away in your head, and shared as needed?

Read More

BLOG | EXECUTION

Business Lessons Found in One of History’s Biggest Battles

Here’s the first lesson from the Allied victory on D-Day that’s directly relevant to business in 2022. Planning is essential because things rarely go as planned. Sound like a day in your life as a business owner?

Read More

BLOG | NEWS & EVENTS

The Journey Starts Here

We are consultants. We are coaches. But more importantly we are change agents for the family who wants to build a more successful business, align the ownership, forge a stronger family and leave a legacy for generations to come.

Read More

Where Family Businesses Come to Grow & Learn

At Compass Point, we make it easy to get insights, training, tools, and articles straight to your inbox and help family business owners and their team continue to grow, learn, and lead.