2. Entrepreneurial Achievers Are Highly Decisive

Habits of Wealth

In this episode, we discuss the importance of being highly decisive as an entrepreneurial achiever. We start by highlighting that having desire alone is not enough; it must be accompanied by a decision to take action, even in the face of resistance from organizations or institutions. The power and value of an idea can actually be measured by the amount of resistance it attracts. We then address the common tendency to use market research as a way to delay making a decision rather than using it to actually improve one. Insecure managers often lean on market research to cover themselves if they are wrong, while taking credit if they happen to be right. In contrast, decisive achievers always prioritize moving things forward and taking decisive action. Another common way to avoid making decisions is by forming committees. However, we highlight that committees often fail to make significant decisions and are often formed simply to avoid making them altogether. When committees are forced to make decisions, it allows participants to distance themselves from any personal risk of being wrong. Decisive achievers, on the other hand, tend to avoid committees whenever possible. We emphasize that effective decision-making is generally not a group function. Ideal decisions tend to come from individuals who are open to opinions and consensus but have the courage to stand up in a crowd and speak the truth, regardless of popular opinion. Being able to make decisions and being comfortable with them is a primary characteristic of achievers, and it's something worth celebrating. Overall, this episode highlights the importance of being highly decisive as an entrepreneurial achiever. It encourages listeners to be unafraid of resistance, avoid using market research as a tactic to delay decisions, and recognize that committees often hinder effective decision-making. The ability to make bold decisions and stand by them is a key characteristic of successful achievers and should be embraced.

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