Hello Shareable listeners, sales week has ended. We had a lot of fun talking with our amazing guests, and we hope you found those episodes insightful and inspiring.
And now we’re switching gears to something that transcends sales and really business overall.
We’re talking about something that all of can stand to learn more about: decision making.
Here to teach us how to make better decisions and start designing our lives is Mike Whitaker. Mike is an expert on personal and professional decision-making, turnarounds, and strategic planning. He is a no-nonsense entrepreneur, technology CEO, and speaker on the subject.
For anyone who’s struggling with a decision, looking to make more thoughtful ones, or just ready to take control of their next move, this is the episode for you. And be sure to check out the show notes below for a step-by-step breakdown of Mike’s process. Enjoy!
Tweet your big decisions @shareable_pod to win one of our five signed copies of The Decision Makeover!
- Running time: 46:48
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(11:47) – What do most people get wrong about decision making?
Mike says most people don’t realize how many decisions they make a day and he organizes them into three categories:
- Small – inconsequential decisions
- Medium – minor course corrections
- Big “Biggies” – massive opportunities to change our course in life
You can identify the decision your facing by going through Mike’s process:
- Identify 5 prime goals and pick a #1 goal.
- After you pick your #1, all of the decisions you make during day need to support that goal.
It really comes down to being aware of the types of decisions your facing.
(16:00) – How do you frame how big to make those goals for someone new to this method?
The big goals are big because they’re important, but they have to be achievable even though they may be a bit further out into the future.
Mike recommends organizing your top 5 goals into categories. His are:
Then you set your next steps based off of your prime goals. And once you select that number one goal, every decision you make in life should support that goal.
(24:29) – What’s are some things you can do to help you remain focused on your prime goals, when life gets off-track?
Ditch the filled up notebooks, or at least hone in on the most important ideas/tasks/actions that will serve your prime goal.
(26:43) – How do you measure whether or not your making successful decisions?
First by making sure your working the process when your facing a new decision.
If you’ve got your goals prepared, practice this method each time you make a decision and you’ll get better identifying what kind of decision your facing.
But if you’re still having trouble ask yourself, “Does [insert decision here] intersect with my prime goal/s?” If the answer is yes, say yes. If the answer is no, say no.
(30:18) – So you know what your goal/s are and you’re filtering decisions accordingly, how do you keep practicing when the challenges come up?
You have to be frustrated with the status quo. You’ll recognize that you want to make progress and take control of your life, and that desire motivates you to keep practicing this method.
(36:12) – What do you do when you make a bad decision?
Bad decisions happen because you don’t have the right mindset to make the decision.
We are all our own decisionators. And they come out when we’re angry, tired, rejected, rushed, and desperate because it feels good in the moment; instant gratification.
But when it happens, even when you thought it through do these things:
- Fail fast: you can tell something is failing, just call it. Don’t wait. You’re missing new opportunities.
- Fix fast: change the deal. It wasn’t working, but if you fix it then it has a chance of working.
This sets you up to make a good second decision, which often is more important than the first.
(41:01) – How do you know if you’re making the right decision? Mike gives you three life lines:
- Ask yourself, “Does it intersect with your prime goal?”
- Make a list of consequences for both options. Take the list of consequences that you can most live with.
- Decision triangulation is the average of these three opinions:
- Your opinion
- The opinion of someone who loves you
- The opinion of someone you respect, but don’t have to know necessarily
The quote Caroline butchered: “And, when you want something, all the universe conspires in helping you to achieve it.”
― Paulo Coelho
And the book it’s from: The Alchemist
CONNECT WITH MIKE
- His website
- His book: The Decision Makeover
- His Podcasts
- @themikewhitaker on Twitter
- Mike on Facebook
- Mike on LinkedIn
CONNECT WITH JEFF
- Email Jeff
- @JGibbard on Twitter
- Jeff on Facebook
- Jeff on Linkedin (make sure to introduce yourself)
- Jeff on Instagram
- Jeff on Snapchat
CONNECT WITH CAROLINE
SPECIAL THANKS TO
Caroline, our Producer.
Thanks for everything you do to make this show happen.
Ray, our Audio Engineer.
Thanks for cleaning up our voices and adding all that sexy production value.
Your Northern Liberties location is lit. Seriously, I found a mid-century modern dresser for under $100 AND I got a chair.