Million Dollar Decisions

Nov 12, 2024

24:13

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Are you a rational decision-maker? Research shows people are often distracted, which can lead to emotional and irrational choices. So, is there a way to guarantee you make smart decisions every time?

In this episode, Sharran reveals ten frameworks for making “Million Dollar Decisions.” Sharran emphasizes that while decision-making is a daily necessity, few people are taught how to do it effectively. Drawing on his experiences and lessons learned, he breaks down actionable methods to help you make smarter, faster choices that can transform your life and business.

From adopting the fighter pilot’s OODA loop to setting a “failure forecast,” Sharran provides practical techniques for mastering decisions, eliminating decision paralysis, and gaining confidence in your choices. Tune in to learn the principles that can accelerate your path to success.

“If the decision is reversible, make it as fast as possible. If the decision is irreversible, take your time.”

- Sharran Srivatsaa

Timestamps:

02:55 - The OODA Loop: Observe, Orient, Decide, Act

05:36 - Decision Preview: Visualizing decisions in advance

07:08 - What Would an Expert Do? Seeking external perspectives

08:16 - Five-Minute Data Sprint: Gathering information quickly

09:27 - The Friendly Journalist Test: Explaining your choices

10:28 - Running a Failure Forecast: Planning for setbacks

12:55 - Rock-Solid Rationale: Building a strong case for decisions

15:55 - Using Intuition as a Tool: Insights from past experiences

17:20 - Setting a timeline for decisions