In today’s episode of The Startup Chat, Steli and Hiten talk about how to make increasingly better choices in your life and your business.
Decision making is one of the most difficult things that a human can do. People often say that they find it hard to make decisions.
Unfortunately, we all have to make decisions all the time, and this could range from trivial issues like what to have for breakfast, right up to make or break decisions like who to hire in your business and so on.
Tune in to this week’s episode to hear Steli and Hiten thought on how to get better at decision making, why it’s important to figure out what you're basing your decisions on, how to choices that make you feel happy about and much more.
Time Stamped Show Notes:
00:00 About today’s topic.
00:35 Why this topic was chosen.
01:06 A bit of background into how this topic came up.
01:43 How a lot of our choices are made out of the fear of missing out on something.
03:03 Why it’s important to figure out what you're basing your decisions on.
03:47 How to make a choice that you feel happy about.
04:23 Why making decisions based on our emotions is really difficult.
05:06 A really inconvenient decision Steli made this year.
07:46 How to get better at decision making.
08:48 Why it’s a good idea to thinking about any decision you make.
3 Key Points:
When you make a choice or a decision, you should ask yourself if it’s coming out of fear or trust.
When you’re trying to make a decision, figure out why you’re leaning to that decision and make sure it’s not fear.
People tend to make poor decisions when they make them out of fear.
Steli Efti: Hey, everybody. This is Steli Efti.
Hiten Shah: And this is Hiten Shah.
Steli Efti: And in today's episode of the Startup Chat we're gonna talk about how to make increasingly better choices. This is another episode brought to you by a Twitter storm from Hiten, right? Hiten, your Twitter's been on fire in the last few days. At least I really appreciate it. You ask this, you had a few tweets about making increasingly better choices in life and kind of a little bit of a framework. You got a lot of responses. I want to just unpack this topic of making good choices or better choices on the podcast. Kind of share how you think about this, add my two cents, and hopefully help people to improve when it comes to their choice making abilities.
Hiten Shah: Yeah, sounds good. It was yesterday at like six p.m., so it was like recently from when we were recording this, not when the podcast release and I wrote, "Our choices dictate our reality. Find ways to make increasingly better choices each day." And it got me thinking and the reason is I went on to talk about basically the idea that when you make a choice, you're really making a decision and when you do that you should ask yourself is it coming out of fear or trust. And an example I gave is the idea of the fear of missing out and how a lot of choices that we make and decision we make are out of missing out on something. So, we just go with a decision, because we think if we don't we're going to miss out on something. You know, that was it. It wasn't a long one or anything. Then I came to basically the point of saying you know, I felt like to needed to answer the question, "Well, okay. You're saying I shouldn't do it out of fear, then you're saying trust is a better method. How do I make a decision coming from trust versus coming from fear?" And basically my answer to that is just when you make a decision or are considering making a decision, whatever the decision is that you're leaning towards or wanting to make, figure out why. Make sure it's not fear. And a lot of it has to do with trusting yourself. There is a thing. Like,