Tips for making solid business decisions

Starting a new business is exciting -- but you have a lot of decisions to make every day and not a lot of spare resources. Making good business decisions today, however, is essential to your company’s future.So what can you do to give yourself an edge? Consider these tips:

Care for your personal health 

The only way you can make good decisions day in and day out is if your mind is clear. You can’t afford not to take time out so that you can rest and recharge each day. Make sure that you get ample sleep each night, the right amount of exercise and take care of your health so that you aren’t fatigued and operating on less than all thrusters. 

Prioritize your work

When you get to work, look at the higher-value projects first so that you’re putting your strongest efforts and most energy into the things that really matter. It's okay to delegate smaller issues -- or let them sit until the important issues are handled.

Give yourself permission to think things over

Trying to rush through big decisions can lead to errors. Instead of trying to rush, take the time you need for each decision. Always allow yourself some space to sit with a decision until you’re certain it’s the best for your company’s needs.

Make sure your contracts are right

Contracts are indispensable to any business, so make sure that you fully understand every contract that you sign. Reviewing any contracts or proposals that come before you must be done carefully. Oftentimes, having a second set of eyes on your contracts can help ensure that all terms are in your company’s best interests (or, at least, fair). An experienced legal advocate can help you understand more.