How good are you at business decision making?

Business Decision making is a key skill for anybody but it’s particularly important if you want to be an effective business owner.

Whether you’re deciding which person to hire, which supplier to use, which product to launch or which strategy to pursue, the ability to make a good business decision is vital. It can literally make the difference between thriving and surviving.

Wouldn’t it be easy if there were one formula you could use in any situation, but there isn’t. Every decision presents its own challenges, and we all have different ways of approaching problems. So, how do you avoid making bad decisions – or leaving decisions to chance? You need a systematic approach to business decision making so that, no matter what type of decision you have to make, you can take it with confidence. No one can afford to make poor business decisions.

Watch the video here.

We’ve developed this short quiz to help you assess your current decision-making skills. We’ll examine how well you structure your decision-making process, and then we’ll point you to specific tools and resources you can use to develop and improve this important competency.

There are 18 questions to answer and it should take you about 5 minutes to do. Once completed you’ll receive a PDF with your score and advice on how to improve.

To get the most from this exercise be as honest as you can be, don’t over think the questions, just put the first answer you truly believe reflects your decision-making style now. Not what you want it to be.