If you can reverse a decision for little or no cost it is riskless. When risk is included you must consider different approaches.
Good decisions follow a pattern. When you do it properly, it is easier. Like a carpenter. The difference between excellent work and mediocre work is only about 10% more care.
Seth Godin postulated the idea of “Weasel decisions” today
One way to make a decision with a team or a partner is to clearly make a decision. Have a budget, do the math, lay out the risks and the options and decide with intent.
The other method is to weasel your way forward.
Act as if.
Hide relevant facts or conceal your fears.
Avoid talking about the real issues, figuring that you’ll figure it all out as you go.
When you are uncomfortable with here, and it’s really tempting to want to be there, it’s easy to weasel your way forward. It feels urgent and appropriate. It rarely is.
I had a client once who operated a very large farming operation. His children who worked with him would not let him operate equip. He didn’t care.
As he said, “I make more money farming with a pencil than I could with a tractor.”
Learn to make good decisions when it matters.
I help people understand and manage risk and other financial issues. To help them achieve and exceed their goals, I use tax efficiencies and design advantages. The result: more security, more efficient income, larger and more liquid estates.
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