Take-Talk

Friday, February 22, 2008

Get it done guy: Just flip a coin (6min)

Podcast Page Link: http://getitdone.quickanddirtytips.com/gid-decisions.aspx

If it cost it more to research & make the decision, then the impact of the decision -> Flip a coin or just do it
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Decisions cost money:
- E.g.: Programmer requester for a $600 lazer printer; 4 Exec took 3 1hr meeting to decide Not to buy the printer. (They could of use the money to buy the printer; it’s easier to Flip a coin or just pay it)

Indirect Cost:

- Cost of delay while the decision being made

- Cost of the distraction having to make the decision

- Cost to Gathering information

- Over-Expending issue (Example: New washer and then the sells ask for dryer)


Non-monetary cost/benefits:
- E.g.: Relationships, not arguing & say yes dear (Instead of arguing & fighting to a yes)
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Try these steps for decision making:
1. Review the major about things to buy, places to go & people to see
2. Notice how much work is needed to make each decision
3.
Ask yourself how important for each decision
4.
Then for the decision that is not worth the time for deciding
5. Just flip a coin

It will free up your mind & move things forward -> it would use less time make the decision or debating.

By passing the decision:
Make the decision to spend the money, instead of spending money/time to not make them.

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