Recently, Bill and I tossed a 50-cent piece to make a decision that could cost us hundreds of thousands of dollars.
He and I had been talking about a crazy idea I had to give away Teslas, Four Seasons getaways, Harley Davidsons, and cold hard cash to ambassadors of our brand who bring us clients.
But after we had discussed all the pros and cons, we reached an impasse in our conversation.
We didn’t have all the information we needed to make a decision.
Yet we still decided to take action on what we knew – which was not much more than the fact that implementing our decision could help us or harm us.
So we decided to flip a 50-cent piece.
Heads, we’d go for it.
Tails, our Ambassador Program would go in the “unused idea box.”
The coin came up heads.
Fifty cents is all it cost us to make a decision that could cost us as much as a million dollars.
We were laughing about it the whole time – and we’ve been laughing ever since as we’ve been putting the program in place.
Sometimes, if you don’t take action on an idea it will fester and eat you from inside. Indecisive leadership isn’t leadership at all – if you’re truly stuck on whether or not to move forward with an idea, you could do worse than flip a coin and decide to let the results guide your actions.
We talk more about our decision – and what that decision has led to – in this episode. If you ever feel caught in the grip of “analysis paralysis,” or even if you consider yourself pretty good at making decisions, this episode is for you.
Decision-making is often a matter of trampling fear with confidence. Via @RustyLionAcad (Tweet this!)
Click play in the player above to get started.
Listen to this episode to hear Bill and I talk about how to take action, make quick decisions, and more: * The time I pulled a gun on a client to force him to make a decision. * Why taking action to quickly make a decision will get you where you’re going faster, even if it turns out to be the wrong decision. * How to quit wondering and wandering without making hard decisions. * A motto to live by for decision-making. * The surprising link between intuition and experience. * Why a quick decision meant I didn’t have a wedding ring when I proposed to my wife. * The best quick decisions Bill and I have ever made – and why we should have made them years sooner. * The story of that coin-toss decision and what you should learn from it. * Why too many men tell us they’ve faced the same decision for years straight.
Do this next to take action and make better decisions: If you have trouble making tough decisions with your life and business, we want to help. And no, this isn’t some slick sales pitch – we really do care enough to help you.
That’s why we recently started offering free 30-minute Freedom Breakthrough Sessions.
Interested? Schedule a free video call with Bill or me. We’ll guide you toward taking actions that will make 2017 your best year ever. Click here to get started.