Make Decisions Fast And Move On | It's Easier To Fail Than Procrastinate

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Extraordinary Millionaire Author Nicholas Wallwork sits down with Scott Marshall, founder of Roma Finance, to discuss the importance of quick decision making versus analysis paralysis and why creating a speak up culture is critical for business success.

In this clip, Nicholas expands on Scott's cancer analogy, explaining it's not just good advice from an HR perspective about bad people, but applies to any decision in business. Making a decision and taking action is more important than procrastination, thinking about it endlessly, and analysis paralysis. If you get a gut feeling or see signs that something's not going well, whether it's maybe one warning or an official warning for a member of staff or other decisions, make them quick and fast and move on. It's easier to fail and move on and repair and do better than it is to recover from prolonged indecision.

Scott agrees and adds another critical element: you've got to have a culture where people are prepared to speak up. What happens is the vast majority of people in business do not want to rock the boat because it's their livelihood. This fear of speaking up can allow problems to fester and grow, which is why creating psychological safety and encouraging people to voice concerns is essential for organisational health.

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