Analysis can be expensive

We’ve been there before. You want to make a decision about something and take time going through the data, talking with people, reading the reviews for the hundredth time, and booking calls with experts and advisors.

You took the decision afterward. But it was late. It would have been the best decision if you had taken it two weeks ago.

All decisions aren’t made equal. Some are not easy to reverse, and when we try, the cost is greater. Others are reversible without costing us much attention and energy.

You can spend less time making decisions that are reversible and just take action. If you don't like the outcome, change it. Instead, you can take your time before making decisions that aren't reversible. Those decisions have larger-than-life ripple effects.

While you do this, be aware of the cost of analysis. Sometimes, it takes a long time to make up our minds when the stakes are high. There is nothing wrong with that.

The challenge is that we often don’t weigh the cost of the time it takes to decide.

The golden gain is in when you weigh the cost of analysis, decide it is worth it, and take your precious time. That way, there are less surprises.

Weighing that cost helps you make the best decision on how slow or fast you should go and altering any affects your energy and judgment.