3 Frameworks for Fast Decision Making
Fast decision making is a major business advantage. Here are 3 frameworks I use for quickly making decisions: If the issue improves with time, you may not need to worry about it. If it gets worse, do you have control over it? We often stress about things outside of our immediate control. Action may be helpful, but stress is not. Learn more about how to make decisions quickly.
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Nathan Barry
Founder & CEO at @ConvertKit — the leading Creator Marketing Platform. Grow your audience & earn a living with ConvertKit: https://t.co/qtBLZSqe64
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Fast decision making is a major business advantage.
— Nathan Barry (@nathanbarry) April 5, 2023
Here are 3 frameworks I use for quickly making decisions: -
1. How to deal with stress
— Nathan Barry (@nathanbarry) April 5, 2023
When you’re stressed about an issue, ask yourself two questions:
1. Do you have control over the issue?
2. Will the issue get better or worse with time? -
If the issue improves with time, you may not need to worry about it.
— Nathan Barry (@nathanbarry) April 5, 2023
If it gets worse, do you have control over it?
We often stress about things outside of our immediate control.
Action may be helpful, but stress is not. Don’t worry about things you can’t control. -
2. How to know when to quit
— Nathan Barry (@nathanbarry) April 5, 2023
When trying to decide whether or not to quit a project, ask yourself two questions:
1. Do you still want this as much today as the day you started?
2. Have you given it every possible chance to succeed? -
In 2014, ConvertKit was losing money every month. After two years of effort, we hadn’t grown. Revenue was flat. I was faced with a major decision:
— Nathan Barry (@nathanbarry) April 5, 2023
Shut down or double down.
I asked myself two questions… -
1. Did I still want to build a software company as much as I did before?
— Nathan Barry (@nathanbarry) April 5, 2023
Yes, my drive and desire was still there.
I then asked myself:
2. Did I give ConvertKit the best possible chance to succeed?
No, ConvertKit was only a side project at that time. -
I doubled down on ConvertKit.
— Nathan Barry (@nathanbarry) April 5, 2023
We grew monthly revenue 100x from $1.3k to $130k in 15 months.
Doubling down on ConvertKit worked for me. But some projects need to be killed.
If you gave it your best shot, and you’re no longer committed, it’s probably time to shut it down. -
3. How to deal with team issues
— Nathan Barry (@nathanbarry) April 5, 2023
Let’s say Person A comes to you with a problem about Person B.
You’ll be tempted to take on the burden and promise to help them solve the issue. But do that a few times and you’ll end up carrying the weight of everyone’s issues!
Do this instead: -
Listen carefully to Person A’s problem.
— Nathan Barry (@nathanbarry) April 5, 2023
Then say:
“I’m assuming you’re telling me this because:
• You need to get clear on your thoughts before talking with Person B, or...
• You’re worried about the conversation and you’d like an observer to keep the conversation on track.” -
Follow up with:
— Nathan Barry (@nathanbarry) April 5, 2023
“Which one is it, and when do you plan to have this conversation?”
What just happened is pure magic:
Instead of taking on the emotional burden, you listened and then channeled the energy toward the only thing that gets long-term results: a direct conversation. -
If you have similar frameworks that you use—or a story—hit reply and share. I’d love to hear.
— Nathan Barry (@nathanbarry) April 5, 2023
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