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How I Manage The Stress Of Making The Right Business Decisions

I have struggled with fear and anxiety for over 20 years.

I will always deal with these issues in my life, however, the most difficult part of managing my book is making the right business decisions.

Most of my friends and relatives are not familiar with the book industry and dealing with the media. As a result it can be very difficult in making the right business decisions for my book. Here are some ways on how I manage the stresses of making the right decisions for my small business.

The first thing I do when I have to decide how to market my book and deal with the media is to get all of the facts and necessary information to make the right decision. I find out the necessary facts of the situation and study all relevant information. This is important because I do not want to miss critical information that could make a difference in the success or failure of my book.

The second thing I do in making the right decisions for my business is to think about the possible outcomes of my decisions. In business, every decision a person makes can lead either to success or failure. I always consider the possible outcomes and go from there. The key is to spend some time just thinking about what is it that you want out of your business.

Sometimes I try to get advice from my friends.

It is important to consider viewpoints other than your own. I ask my friends and relatives what they think I should do when I struggle with certain situations. I feel it is important to enlist the assistance of others who can have additional insights that I may be overlooking.

It can also get very scary, making decisions for my business. My biggest fear is what happens if I make the wrong choice. Fear and stress are the biggest obstacles in making the right decisions. I found the best way to overcome my fear of making decisions is to remind myself that making the wrong decisions is not the end of the word. I remind myself that I can always re-evaluate my situation and do something different. I try not to put a lot of pressure on just one decision because there will always be opportunities to correct the situation. If I make a bad decision I try to learn from my mistakes and then go forward. This is a great way to manage the fear of making the wrong decisions.

My second biggest fear is what happens if I lose money because I made a bad decision. I overcame this fear by setting up a yearly budget for my book business. I make it a habit to stay within my budget in terms of my expenses. Setting limits on how much I am willing to spend and lose financially helps reduce the fear of making the wrong financial decisions.

I found out that making the right decisions for your business is very important. Always determine the short and long term consequences of your business decisions. Do not let greed or the fear of failure be a factor in your decision making. Always do what is best for your business and  your customers.

Read more posts by Stan Popovich, an author who personally overcame fear and anxiety in his life. Stan is a blogger for JenningsWire.