Decision making is a hard task, and it is especially true in business. From making the decision of starting a direct selling to deciding to implement new ideas or activities, none of the business decisions is easy. The decision-making process can be burdensome for many people, especially in the early days. However, understanding the basic elements of decision making can aid in making a better choice in direct selling. After all, direct selling or business decisions are no rocket science.
If a person knows the industry and has a critical thinking ability, the decision-making process can weigh less on the businessperson. Not trying to underestimate decision making; if neglected, it can put a person out of business. Each decision as a businesswoman is invaluable, from the very start of making a step into QNET direct selling to making every single choice.
Direct selling with QNET is a great option to explore the elements of decision making with the support of mentors. It’s important to mention that most of the direct sellers in India are women, which is the complete opposite case compared to other business industries. It’s a strong answer to society’s condescending and dismissive attitude toward women-led businesses. Anybody can think ahead, plan and make crucial decisions in business. I will present you with ways to make better business decisions based on my experience in direct selling.
6 key elements of decision making in QNET Business?
Decision making is always a tough job, but many things can help a person make better choices. When the result or consequence of a business decision is good, that’s when we get a confirmation on whether the choice was good.
1)Be aware of every change in the industry
Staying up to date on business and changes in the direct selling industry is a key element of decision-making. Nowadays, with social media and the internet, the sources of information available are infinite. It is only a matter of seconds to dive into new shifts that are happening in the economy. Being aware of global news, economic fluctuation, increasing competition and any such changes can help a person make better choices. Knowledge can also help avoid shock or panic created by unexpected hits and shits.
2)Anticipate changes
What is the best way to anticipate changes other than studying the changes that occurred in the past? The basic level of forecasting in business is done by researching the past. That’s when any such changes start occurring in business, a person can understand where it’s going and decide what to do about it. For becoming a person who makes better decisions, consider these sub elements of decision making:
- Study the past trends and shifts.
- If you are new to the business, talk with other experienced direct sellers about the challenges they went through.
- Learn about the country’s economic fluctuations because of governmental decisions and external factors influencing direct selling.
3)Plan on possible challenges
I have faced several challenges as a direct seller. The offsets in direct selling are predictable in most cases unless there are some significant changes in the industry. For instance, on the initial day, a direct seller faces the trouble of getting declined or rejected by the target audience. Knowledge about the possibility of rejection can help a businesswoman plan ahead and avoid discouragement. Planning ahead means having a set of goals and measures to overcome a situation when things go wrong. It means the businessperson has enough well-crafted plans or paths to go. It makes the challenges in business trivial and uncomplicated.
4)Know that each new initiative can bring a negative or positive change
A new initiative is the result of a decision. I introduced every plan and initiative only after careful consideration. Not making an initiative in fear of things going wrong give no space for business growth. Instead, bring new changes, creative and innovative, with the knowledge that it might have a negative impact too. Expecting such a possibility can help one set a plan to overcome the possible negative path.
5)Take lessons from the past mistake
The worst mistake a businessperson can make is not learning from the mistake. People often think making a mistake and taking a wrong decision as the worst thing. On the contrary, making bad decisions can help a person learn. So, are there any business decisions that went wrong in the business? Well, ask yourself why it happened and what you could have done instead. No remorse or overthinking, but taking a lesson from it can help make the best decisions in the future.
6)Get an expert opinion
Get support from mentors and successful direct sellers. There is no need for hesitation in asking for help in times of trouble. The direct sellers in the network will be more than happy to help. The stories of their business journey, the trouble they faced, and how they overcame it can give you great insights. The decision process can get too risky sometimes; in that case, get an expert opinion and mentoring. The stress and tension from the business can be reduced when you have someone to rely on with the decisions.
To put it simply, to get better in the business decision process, one should make choices courageously. Do not hold yourself back from taking options and opportunities. These elements of decision making is an excellent way to become an expert in business decisions. Make a step with a good gut feeling, and know that it’s better to follow your intuition in some cases. In addition, back up your plans with research and analysis.