Stevan Browning
  • 15 June 2022

Why a budget is important for a small business

Small Business Leadership

As a business owner, making strategic decisions rests solely on your shoulders. There's no set guide to ensure you're on the right path or cushion the fall if things don't go as planned. This underscores the crucial role of strategic decision-making in your business's success. 

One key differentiator between successful business owners and those who struggle is their ability to make decisions, accept the consequences, pivot if necessary, and act swiftly. However, navigating this process remains challenging.

Three questions you should ask yourself whenever making a big decision or deciding on a new path for your business:

  • Is this aligned with your bigger vision?
  • Does this move you toward or away from your goals?
  • Are you moving the needle with this action?

Also, contemplate:

If emotions surface when making a decision, that's perfectly normal. Take the time to process them, acknowledge their presence, and allow them to pass through. Then, take a step back and determine whether the emotion or strategy should guide your decision.

  • Does this serve your audience?
  • Is this action ultimately best for you and your people, or are you motivated by something else?

Another thing that helps with big decisions is having someone else to bounce your thoughts off of, a sounding board, a different perspective, someone to ask the hard questions or pull you out of your feelings and not let you get away with anything which keeps you focused on what's best for you and your people, that's what I am all about.

If you have questions about delegating or other ways to improve your organization, Contact
Stevan Browning, a business advisor and coach with over 40 years of experience. 

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