Consider these questions:
- Should I invest in real estate?
- Should I quit my job and start my own business?
- Should I invest in automation within the business?
All significant decisions are difficult. There are too many moving parts and many things we don’t know. Further, we have limited time and resources to analyse and investigate options.
One way to solve this problem is to break big decisions into multiple small choices. Now, you have a chain of decisions to make over a while. Make your next decision in light of the outcome of a previous decision.
For example, should I invest in real estate?
Break this big decision into:
- Decide on lending sources.
- Decide on investment options by comparing average returns on investment in the various assets.
- Decide if investing with a partner is an option.
We can change the direction, stop, or slow down at any point before committing to the big decision. With each new decision, we understand the situation better based on our previous decision. So, why rush to make a big decision? Divide and rule the decision-making instead!