Indecision comes with a high price. I think most of us in business try to make the best decisions possible, but really it becomes a matter of saying, "okay, do I have all the information I need?" And if I do, then make the decision. Say yes, say no, but make the decision. David: Hi, and welcome to the podcast. In today's episode, co host Jay McFarland and I are back with a talk on the high price of indecision. Welcome back, Jay. Jay: Thank you so much. It's such a pleasure to be here. And I think this is something that we all suffer with, especially in a new business, just knowing what you should do. What are your priorities? How can you tell that? Paralysis by analysis is very common. David: Yeah, no question. And I think some people are more wired to be decisive while others are more wired to be indecisive. If you're decisive, dealing with indecisive people is extremely frustrating. And if you're indecisive, dealing with decisive people can feel a little intimidating. So it's a challenge. Jay: Yeah. And I think sometimes you need both. I mean, if you're sitting around waiting to make a decision. You could miss the perfect opportunity, right? But if you move too fast, you're probably not going to be prepared for that situation. So we got to find balance in the force here. How do we do that? David: Great question. Yeah. I think missed opportunities is definitely the first thing we tend to think of when it comes to indecision. But if we're trying to find balance in the force, then that would also mean talking about, well, should decisive people do anything differently? And my guess is that's kind of a quick one. My guess would be to say, all right, if you think you're too decisive, then maybe you need to take a step back, aand consider things a little more. But in business, wow, it's much more detrimental in most cases, in my opinion, to be indecisive. And there's a great quote from Tom Watson that says: "Solve it. Solve it quickly, solve it right or wrong. If you solve it wrong, it will come back and slap you in the face, and then you can solve it right. Lying dead in the water and doing nothing is a comfortable alternative because it is without risk, but it is an absolutely fatal way to manage a business." So there are lots of schools of thought on this. The bottom line for most of us is that you're better off making a decision, because if it's the wrong decision, you'll find out sooner, and then you can change it and make a better decision. If it's the right decision, then you're already past the point where you would have been if you were still putting it off. Jay: Yeah, I think part of this though is to be decisive, but to be informed in your decisiveness. If you don't have good tracking of what's going on, like, we were decisive before, and this is how we learned, and we tracked it, and so next time we can move faster because we have some knowledge, we have some key performance indicators, those things are going to help our decisions go faster, and we're going to be more confident in those decisions. Because for me, sometimes when I feel like we've acted too soon, I'm not at my best. I'm hesitant because I'm hoping it's going to work, but I'm not sure that there's anything backing it up. David: Yeah, that makes a lot of sense. I think you also sort of raised an interesting point, which is the difference between informed decisions and uninformed decisions, right? I don't think decisiveness means just making up your mind without having all the facts. I'm saying basically, if you've got all the facts and you're failing to decide, that to me is indecisiveness. If you've got all the facts and then you ARE deciding,