Alexander Abramson Business Lawyers - May 2021

Confidence Is Key

When You Want Every Decision to Be a Touchdown

If you’re a business owner, you’ve no doubt faced hard decisions. And when we say “hard decisions,” we don’t mean the ones you make on a daily basis. We’re talking about make-or-break decisions that have serious long-term consequences. Choosing the right path forward could mean years of business growth, but choosing the wrong path could be the death knell. With stakes that high, decision-making may not feel that exciting. The prospect of making difficult choices leaves many business owners understandably in a state of paralysis. You may stop and ask yourself: Am I making the right call? What if this endangers the livelihood of my business and

my employees? This paralysis is normal, but it can prevent you from making the moves your business needs to survive. Luckily, however, you can change this initial reaction. According to David Meltzer’s book, “Game- Time Decision Making: High-Scoring Business Strategies From the Biggest Names in

yourself with people who support you and trust your judgment. Just like having an all-star team that trusts your judgment in the game, having friends and colleagues who affirm your decisions goes a long way toward building your confidence. It’s also important to have a positive mindset. It’s tempting to expect the worst from any decision you make, but according to Meltzer, the most confident decision-makers are those who have a positive outlook on the future. This makes sense, considering how challenging it is to move forward with a decision when negative thoughts are clouding your judgment. After all, no one ever made a game-winning touchdown after imagining all the ways they might fail to do so! While reading books like “Game-Time Decision Making” can certainly help you become a more confident decision-maker when everything is on the line, the fact is that confident decision-making comes with time and practice. So, if you want to be ready to beat the buzzer on your next tough decision as a business owner, surround yourself with a team that supports your call. Let their confidence in your leadership inspire your abilities, and remember: Don’t let thoughts about how your decision could go wrong stop you from making any decision at all. Maintain a positive outlook, put together an all-star team, and you’ll be making confident decisions in no time.

Sports,” you can be ready to make hard decisions before the buzzer signals the end of the game. As Meltzer’s book title

suggests, decision-making in sports parallels decision-making in business. Business leaders can learn lessons from the court, field, or rink, even if they’re just sitting courtside. The biggest lesson is that confidence is key. But having confidence in your decisions — especially ones with serious consequences — is easier said than done. According to Meltzer, one way to boost your confidence is by surrounding

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