In this episode, Business Decisions How Are You Making Them? Cathy Smith discusses the concept of making decisions in business. She shares a conversation she had with a friend about how decisions can be categorized as a definite "no," a "maybe," or a clear "yes." Cathy explores the idea of whether a "maybe" decision is a result of complexity or a series of micro-decisions leading up to a final choice.

She references Yoda's famous quote, "Do or do not, there is no try," and asks listeners to consider whether a "maybe" decision indicates curiosity or hesitation. Cathy suggests that intuition, past experiences, or external factors might influence one's decision-making process.

Cathy advises entrepreneurs to examine their "miserable maybes" and determine if they require immediate action or if they are merely a form of procrastination. She encourages listeners to be proactive in making business decisions, emphasising the importance of clarity and avoiding indecisiveness.

As the end of the financial year approaches in Australia, Cathy urges business owners to make necessary decisions and not let indecision become a decision itself. She mentions a goal-setting exercise involving prioritizing long-term goals and aligning shorter-term objectives accordingly.

Business Decisions How Are You Making Them listen to Small Business Talk With Cathy Smith episode 196 Brought to you by CATCO Enterprises.

Support the show: https://smallbusinesstalk.com.au/

See omnystudio.com/listener for privacy information.