Grant Cardone has made a fortune with real estate and other businesses. He's also the author of several books, including "The 10X Rule." His recent X post revealed a valuable lesson in what it takes to become successful and achieve long-term goals.
"The speed at which you can make decisions will accelerate your success," Cardone wrote.
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Making Decisions Leads To Action
Business owners and investors regularly confront decisions about making good financial decisions, determining business growth opportunities, and other areas of their lives. Taking a long time to make a decision gives it more space in your head. If you spend too much time thinking about one decision, you can't take action or move on to the next decision.
One X user replied by saying that quick decisions are the fast track to success. While business owners don't always make the right decisions, making many decisions allows them to learn from mistakes quicker than people who ponder thoughts without acting upon them.
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Speed Of Implementation Also Matters
Decision-making is one trait of successful entrepreneurs, but decisions don't always translate into action. One X user replied by saying that the speed of implementation also matters.
Entrepreneurship isn't an easy path to success. You must be willing to outwork most of your peers and learn new skills along the way. Taking action based on your decisions will advance you toward your goals. Then, you will have new goals and problems to solve, but that is a good thing. If your goals get bigger and the problems are so big that solving them produces a massive payoff, then you are moving in the right direction as an entrepreneur.
While making quick decisions doesn't always lead to quick action, it certainly helps. Meanwhile, slow thinkers may have a more difficult time taking rapid action. You can't take action until you have made a decision, and any roadblocks to making a decision will hurt your ability to take action.
Know What's Fueling The Decision
While many X users rallied around the advice, some users expressed caution. "Depends on the decisions," one user replied.
"Also note a rash decision can make you lose a fortune," another X user responded.
It's important to consider your headspace before acting on a quick decision. For instance, some people make decisions that seem quick, but they have years of knowledge and enough confidence in themselves to make that decision.
However, some people make quick decisions out of fear or desperation. Some people may feel desperate to get married and end up with the wrong person out of the fear of being single forever. Other people may panic sell their stocks without any consideration about fundamentals or what those investments may look like in the next five to 10 years.
It's good to know how to make quick decisions because it should allow you to take action quicker. However, if you are feeling stressed or are letting a negative emotion guide the decision, you may want to pause and reflect on it. Taking a few extra hours or days to make a decision can be the right approach in some scenarios.
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