Making Wise Decisions – Part 3
Mistakes are part of growth, but some mistakes come with a heavy price.
Not long ago, I came across a business opportunity that looked exciting, promising returns, compelling pitch, everything seemed right on the surface. Normally, I don’t invest in ventures like that, and when I do, I take my time to do proper due diligence. But this time… there was pressure. “Act now or miss out forever.”
That sense of urgency got to me, and I jumped in. Sadly, skipping the necessary checks cost me. I got burned. It was a painful reminder that emotion and pressure are poor advisors when it comes to decision-making, and wisdom is never in a rush.
Whether you’re a business owner, a creative, or team leader, the goal is not perfection, but prevention. Use this checklist to stay ahead of errors that can drain your time, money, or reputation.
1. Clarify Before You Commit. Have I fully understood the task, brief, or contract? Are expectations clearly spelled out, for both sides? Have I asked questions to remove ambiguity? Confusion is expensive. Ask now, not later.
2. Back Decisions with Data. Am I relying on verified facts and not just gut feeling? Have I done enough research to support this decision? Have I considered the worst-case scenario? Data may not eliminate all risks, but it reduces blind spots.
3. Pause to Think, Not Just React. Have I taken a moment to reflect before acting? Am I being pressured into a rushed decision? Have I considered the long-term impact? Speed is good, until it causes regret.
4. Consult Before You Conclude. Have I spoken with someone more experienced? Did I seek input from team members or stakeholders? Am I making this decision in isolation? Wise counsel can save you from painful consequences.
5. Document Everything. Is there a written agreement or summary of what was discussed? Have I captured important decisions in writing? Can I refer to what was agreed if questions arise? A paper trail is your insurance policy.
6. Protect Yourself and Your Work. Are all legal and security risks considered? Is my intellectual property safeguarded? Are contracts, NDAs, or permits in place? Prevention is cheaper than litigation.
7. Do a Final Check Before Launching. Have I double-checked figures, facts, and files? Has someone else reviewed this work with fresh eyes? Is everything aligned with the goal? Small errors caught early can prevent big disasters.
8. Learn From the Last Mistake. What went wrong the last time, and why? Have I created a system to avoid repeating it? Am I tracking my growth as a decision-maker? Mistakes are fine, repeating them is not.
Avoiding costly mistakes doesn’t require perfection. It requires intentionality, clarity, and counsel. Make this checklist a habit, and you’ll build a reputation for wise, effective, and consistent decision-making.
You were MADE FOR MORE
Iamhenrylong
