There are numerous young entrepreneurs thriving each year. One of the richest people in the world today, Mark Zuckerberg, the founder of Facebook is just close to 30. If you look up the list of young businessmen under the list of 30 in USA, Europe or any other country for that matter, a list of 100 is very easy to achieve. If you focus on North America and Europe, the list can be stretched to whatever length you like, often hitting the massive 1,000 mark.
Understanding Your Decision Making Style And How It Affects Your Business
― Peter F. Drucker
Despite all this – the staggering number of young entrepreneurs – making it big in the business world in our time and age, estimates suggest that 75 plus % of start-ups fail within first year wherein the surviving start-ups after 3-5 years is just 10%, even in a country like Singapore, known for its pro-business stance that gave them the ‘No.1 spot’ for best countries to start business from World Bank.
There are thousands of start-ups making it big yet the failure dominates the scene
The number of start-ups coming in any part of the world today is a very promising number. However, many of them fail too. What does this mean? This means YOUR DECISION MAKING SKILLS MATTERS!
Determining what type of a decision maker are you is an extremely important factor in succeeding in business. There are many types of decision making abilities so you can fall short on some but excel somewhere else.
How to judge your decision making style
Judging your decision making style and its impact on running a business is hard to decide but the best way to do this is seeking professional assistance. When you are to make specific decisions, you need to know what kind of decision maker you are, especially in a business setup. The best person to give you constructive advice on this subject is someone with prior business consultation knowledge.
However, finding a good consultant is hard nowadays as there are many self-proclaimed consultants that are not good at what they do. This is where the idea of business consultation tool comes in. A business consultation tool is carefully created software by business experts that use various parameters to judge a person’s ability to run a business.
iGoStartup’s business start-up tool is a comprehensive software that can help you to judge what kind of a decision maker you are. This software will help you to know:
- Whether you have what it takes to be a good decision maker
- Can your decisions run your business through the toughest of times
- Will you take the right decision to create a good work atmosphere
It goes without saying that this tool is a lot better than the average consultant that you find.