🛎Are You Confident in Your Business Instinct?
There are times when we have to make a quick decision based on recent business development. In such a time, we have no time to be analytical and rely on data analysis. Thus, we have to trust our business instinct to make a decision. An article from Harvard Business Review states that instinct can beat an analytical mind. Have you ever use your instinct to make a business decision? What is the result of that decision?
That is great. Could you share your experience of when your business instinct help you in making a business decision?
I have had a few setbacks in recent years so my confidence may be a little jaded.
Did you mean to not having good experiences with your business instinct?
Some business down falls in the recent past have tested this so much.
I use business instinct in decision making for starting business,since having little capital cannot allow me to first do market research.
I don’t have a good instinct in business, i have made many bad business decisions in my past time, so now i follow wise and smart people in their business .if you are not smart, walk with Smart people, they will certainly help you by being closer to them.
I always follow intelligent people who have experience in bussiness, i don’t believe in my business confidency.
Feelings of failure become a barrier to doing business. This has become the biggest scourge that often diminishes my enthusiasm for building a business. In your opinion, what is the solution for that?
Fear of Bankruptcy is my biggest fear of wanting to become an entrepreneur, to the point that I have no intention of opening a business for fear. Fear is the reason I don’t have confidence in building a business. Moreover, I am afraid of business competition. I don’t think I need to have that feeling to build a business. Can you give me some advice to get rid of that feeling?
Fear of failure is one of the six major fears that hinder success. Yes, you have to do something to eradicate that fear. But, the good news is, you have at least face your fear by joining this Club. You have made the decision to start an online business which means that you have overcome your fear of starting.
I’ve made a number of good and bad decisions in the past. I think I’ve learnt some lessons in those experiences to make me believe in my instincts going forward.
I have no experience in bussiness, so I’m not confident, i prefer to follow those who have already experience in bussiness to lead me.
Kenneth, that’s good of you, but to many people it depends on type of business. They have specialities. They can not do any type of business.