The Wisdom to Change Your Decision

It’s one thing to be deliberate and painstaking in making your original decision. It may be even harder to have to re-decide.

Several things could cause you to re-think your decision. But, ignoring the obvious or not considering the consequences of forging ahead in denial could prove to be a big mistake. Think on these categories:

Personal Character

Let’s suppose that you had exhausted what you believed to be more than adequate due diligence on an individual. And, you were satisfied that you had come to the best conclusion/decision about them. But then…a confession, discovery or revelation surfaces that completely reverses your judgment.

Numerical Miscalculation

As an example, while you are in the discovery phase of attempting to buy a business, you realize that there are volumes of numbers, and therefore loads of opportunity for miscalculations. You or your advisors find errors. Some could be unintentional, but some could be otherwise.

To pursue the transaction without total clarity on either brand of the truth could prove costly, but action must be taken. Re-decision is on the table.

Intentional Misstatements

Some call this dishonesty. Some (in politics) say “misspeaking.” The key word here is intentional. Once you realize that the other party is deliberately lying, the real issue going forward is the seed of doubt that anything being transacted or stated is truthful e.g.“lie in little…lie in much.”

Conversely, when the lying party believes they can be exploiting and continue to get away with it, they seem to know no boundaries. As personally painful as that can be, you realize going forward in that light is truly a waste of time and energy.

Saving Face

How many decisions go unchecked in order for one or both of the parties to avoid humiliation? How costly is saving face? Is thicker skin the real issue?

ZDT Author’s Comments:

Blatant lying, bogus numbers, concealed character flaws or saving embarrassment are but a few of the decisioning traps that can cost you money, relationships or maybe even your life. In all, re-deciding is not to be taken lightly. It’s better to admit to a mistaken conclusion and fix it, than to have to live with it from now on.

Question: How far are you willing to go once the barrier of trust has been broken?

As always…You decide.

DISCOVERY   COMMITMENT   SOLUTION   ACTION