How to Make a Business Decision When the Stakes Are Truly High
Those who start and run their own businesses often get accustomed to making important decisions solo. Even if you're used to making gut-level calls on your own, however, you're likely to hit pause when a truly momentous choice arises.
Should you sell your business? Should your company take on an enormous amount of debt to exploit a once-in-a-lifetime market opportunity? The ramifications of these types of decisions tend to have a pretty long shelf life.
Ironically, many entrepreneurs are more inclined to seek help on matters of little significance than those which can potentially transform their businesses for better or for worse. And more often than we'd like to admit, our process for taking action when the stakes are truly high doesn't always differ significantly from the way we make important, but not crucial, choices.
Source: Fool.com
