Four years ago this week I started my entrepreneurial adventure when I launched the advertising and idea agency, The Weaponry. It truly has been an adventure. Every day presents a new set of opportunities and challenges. Even more so since COVID-19 became the hottest thing on the planet since Gangnam Style.
My self-appointed title at The Weaponry is Founder & CEO. Which means that I have 2 main responsibilities. As Founder, my job is to find the business. As CEO, my job is to not lose the business. The first job is already done. The second will never finish.
It is a significant challenge to make all the decisions that a business leader must make. You are typically working without all the information you would ideally like to have. That’s why I have developed a core set of questions and reminders to help guide my decision making.
Top 4 Sayings I Turn To To Help Make Tough Decisions.
1. Always do what you know is right.
This is always my #1 reminder. It taps into my most basic sense of right and wrong. If I adhere to this I can live with any decision. Even launching New Coke.
2. Don’t worry how much milk you spill as long as you don’t lose your cow.
If you are a business owner you are going to lose money. Sometimes in small ways. Sometimes in big ways. But you can’t live and die with each dollar you make or lose, or you would soon find yourself crying in a puddle of milk on the floor. You have to think big picture. And remember that as long as you are able to earn more money in the future, without taking your clothes off, everything will be alright.
3. We’ll do it this way until we know better.
Developing a great business requires developing great processes and procedures. As we develop The Weaponry Way we don’t set our process and procedures in stone. There is too much pressure on that. Instead, we believe in moving quickly, and establishing rules that guide us today. But we always remain openminded to adjusting and improving our approach as we learn more. My cousin Brooks Albrecht imported this approach from his time at Amazon. And things seem to be working out for that little bookstore.
4. What would I do if I was trying to beat me?
If you really want to make great decisions, think about each issue from your competitor’s point of view. Which is what Mr. Miyagi tried to teach Daniel San in The Karate Kid. It forces you to think of better, more aggressive approaches. It makes you think about meaningful differentiation. Which always elevates your thinking. And leads to better final outcomes. #WhoNeedsABodyBagNow
Good decisions fuel success. Yet we often lack the information we want to make the best choices. So develop your own decision making prompts and reminders to help you focus on what is most important and most valuable to you. It helps speed your decision making process. And leads to greater comfort with uncomfortable decisions.
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Originally published at http://adamalbrecht.blog on April 15, 2020.