Saturday, 12 June 2021 05:38

Feel like you overthink decisions? How intelligent minds embrace the rule of ‘one decision’ to make smarter, faster choices

Rate this item
(1 Vote)

'Black Swan' author Nassim Taleb's simple approach will help you strip away the clutter to make smart decisions--without all the second-guessing.

A few years ago, I had multiple offers from major publishers to write the book that eventually became The Motivation Myth.

While that sounds like an author's dream (and it was), still: I was conflicted. The year before I had self-published a collection of existing columns. My upfront costs totaled around $500. My margins ranged from 70 percent (Amazon) to over 90 percent (Gumroad). Because of the (then) reach of being a LinkedIn Influencer, I sold tens of thousands of digital copies without spending a dime on advertising.

At the time, self-publishing seemed a viable and profitable option.

So I compared and contrasted.

The positives of self-publishing? Speed. A much bigger share of the profits. The ability to easily update material. Retaining all rights. Complete control over, well, everything.

On the flip side, going with a conventional publisher meant widespread multichannel distribution. No upfront costs. A team of talented, experienced people. A proven marketing machine. A sizable advance.

Adding more items to each list made things muddier, not clearer. I could have argued either approach equally well if asked to take a side in a debate.

I realized I was looking for multiple reasons that added up to a decision. I was trying to come up with enough reasons -- on either side -- to convince myself. What I needed to do was find one reason.

So I took a mental step back. What did I care about most?

I wanted to write the best book I could. To write the best book I could, I needed to work with a great editor. One with a vested interest in the outcome. One who would push, and challenge, and squeeze every drop from whatever talent I might possess.

Everything else was secondary.

In fact, I could make every other item on either side of the decision tree work. No upfront costs would be nice, but on the other hand, the upfront costs of self-publishing are really low. An advance would be nice, but on the other hand, so would a bigger share of the profits. (You get the point.)

For me, the single reason was writing the best book I could. All the other positives that came with a conventional publisher were icing on that single-reason cake.

When you find yourself with a complex list of pros and cons, the best way to gain clarity is to find one decisive reason to say yes or no.

If you have more than one reason to do something ... just don't do it. It does not mean that one reason is better than two, just that by invoking more than one reason you are trying to convince yourself to do something.

Obvious decisions (robust to error) require no more than a single reason.

In fact, the more complex the decision, the more useful the single-reason approach.

Say you're opening a restaurant and trying to decide whether to lease a particular location. You list the positives. Low rent. Variety of build-out options. Landlord with a good local reputation. Short commute from where you live. Given enough time, you can come up with enough reasons to convince yourself.

But what matters most? Location: thriving area, excellent traffic, solid demographics, easy access, great visibility ...

As with most real estate, location is everything. Get the location wrong, and all the other positives you listed won't matter.

Get the location right, and most of the downsides will take care of themselves.

Try it. The next time you find yourself listing positives -- or, worse, searching for positives -- take a step back. Strip away the clutter. Set aside the huge list of pros and cons. Stop trying to resolve the difficult.

Find one single, clear, decisive reason to say yes.

If you can't, don't do it.

 

Inc

June 06, 2025

Nigeria now Africa’s top cement exporter, says Aliko Dangote

Nigeria has transformed from being the world’s second-largest cement importer to becoming Africa’s leading cement…
June 02, 2025

Afenifere blasts Tinubu: ‘Midterm report shows woeful failure, economic deforms, and rising despair’

The pan-Yoruba socio-political organization, Afenifere, has issued a scathing midterm assessment of President Bola Tinubu’s…
June 07, 2025

Are boiled eggs good for you? Here's what experts say

Caroline C. Boyle If you’re after a nutrient-dense breakfast, boiled eggs are a quick and…
June 07, 2025

‘Nigerians are marrying all our daughters’, Kenya’s President Ruto, cries out

Kenyan President William Ruto has stirred up a storm on social media with his provocative…
June 06, 2025

Gunmen kill two policemen, abduct Chinese in Kwara

The Kwara State Police Command on Thursday confirmed the killing of two policemen and the…
June 07, 2025

What to know after Day 1199 of Russia-Ukraine war

WESTERN PERSPECTIVE Six killed, 80 wounded in intense Russian air attacks on Ukraine Russia launched…
June 06, 2025

Common supplements and medications could cause liver damage, studies show

Melissa Rudy Arun Sanyal, M.D., director of the VCU Stravitz-Sanyal Institute for Liver Disease and…
May 13, 2025

Nigeria's Flying Eagles qualify for World Cup after dramatic win over Senegal

Nigeria's U-20 national football team, the Flying Eagles, have secured their place at the 2025…

NEWSSCROLL TEAM: 'Sina Kawonise: Publisher/Editor-in-Chief; Afolabi Ajibola: IT Manager;
Contact Us: [email protected] Tel/WhatsApp: +234 811 395 4049

Copyright © 2015 - 2025 NewsScroll. All rights reserved.