About Small Business Info: Can You Decide?

Small Business Info In the Spotlight | More Topics |   from Darrell Zahorsky Being a business owner comes with the freedom to make your own decisions. To the rookie business, being the boss seems to good to be true. But ask any veteran entrepreneur and they say one of the toughest parts of the job is making decisions. Do you raise prices? Fire an employee? Borrow for expansion? The list of decisions can be endless. A good decision can take your business to new levels. One bad decision can wipe out years of hard work. This week is dedicated to an important but often forgotten skill in business, the decision making process. You are already faced with the decision to read on or not. What will you decide?   In the Spotlight A Small Business Decision Making Tool It is easy to fall into the trap of running your business while looking in the "rear-view mirror". Making decisions based on what has happened is dangerous and counterproductive to thriving and surviving in uncertain times. In a period of volatile uncertainty, one adaptive tool is to prepare for the unknown by scenario planning.              More Topics Decision-Making Framework Business Ethics Hiring Your First Employee Disaster Recovery Decision Making Decision Making Quotes Employee Termination Right Business Startup for Me? Preventing Predictable Decision Making Errors All in all, our decision-making equipment is pretty sound. We don't follow the lead lemming over a cliff. We can't be fooled into thinking that a 99-cent lure is a meal. We don't try to catch car fenders with our teeth. Then again, it wasn't a dog who launched New Coke. So there are a few bugs - little design flaws of the mind - that can have big consequences.   Employee Involvement Employee involvement is creating an environment in which people have an impact on decisions and actions that affect their jobs. This involvement increases ownership and commitment, retains your best employees, and fosters an environment in which people choose to be motivated and contributing.     Sponsored Links   Home Allergy Center Quick Cleaning Tricks These easy shortcuts and tips will help keep rid your home of grime, dust and other allergens. More > Small Business Information Ads Dog Allergy Small Business Tools Mold Allergy Allergy Treatment Employee Performance Advertisement     Visit Related About GuideSites: Entrepreneurs Management Human Resources Marketing Economics   Search About      Sign up for more free newsletters on favorite topics. You are receiving this newsletter because you subscribed to the About Small Business Info newsletter as adamsmith016@GMAIL.COM. If you wish to change or remove your email address, please visit: http://www.about.com/nl/usgs.htm?nl=sbinformation&e=adamsmith016@GMAIL.COM About respects your privacy. Our Privacy Policy. Our Contact Information. 249 West 17th Street New York, NY, 10011 © 2008 About, Inc.