How to Prevent Distractions From Fogging Your Executive Decisions

filters for black and white film

Image by aslakr via Flickr

Filters. We all have them and look through them at the world around us. We are a product of our environment and the fortune or misfortune of personal and professional events.  We use these filters consciously or subconsciously to make countless business decisions each day.

Our business success hangs on our ability to identify the filters through which we make decisions.  Business leaders must develop a finely honed situational awareness of filtering and the environment that triggers filtering.  Only then can we develop an effective strategic plan to neutralize the filters and make objective decisions.

One of the most common filters is the volume of distractions in our life.  I am tired, worried and spend too much time on email! Have you said that lately? Distractions are a major filter that can lead to poor judgment. Internal distractions lie within the boundary of our skin. We can correct stress and fatigue caused by poor diet, sleep and organization. Use a food diary, fitness coaching, a sound pre-bedtime routine, less caffeine and better email management.

We have limited control over certain external factors that cause distraction including lighting, noise and economic events. You just can’t change some external distractions so your effort is better spent developing tools to manage your reaction to these issues. Your brain has limited capacity to resist temptation, delay gratification and make decisions. You can run it to empty like a sports car fuel tank after a day full of distractions. Know when it is time to fill it up.

Executives who make financial decisions while distracted risk serious consequences including negative leverage, reduced borrowing capacity and potential loan default.  Stay focused on the financial task ahead of you by minimizing distractions.

Be aware of your filters. Simply noticing your distractions is the first step to making better business and financial decisions.

About Michael Shelton

Your Business Coach Facilitating Delegation and Work Group Engagement Michael Shelton has over twenty-five years of business and military accomplishments, including extensive experience with one of the largest, publicly traded real estate investment trusts (REIT). He is a qualified business coach with assignments in cross-functional work group management, strategic planning, unit leadership, joint venture acquisitions, executive education, mentoring, training and merger integration. Michael has accumulated best practices for building committed work groups from more than $4 billion of capital markets transactions and commercial property development. He served as a commissioned officer and helicopter pilot in the U.S. Army, and earned his MBA from The University of Arizona. Michael has served as a major conference panelist and is the author of Cash Flow Rich, Winning Ways to Evaluate and Finance Real Estate. Today, he helps business owners get more work group engagement as President and CEO of Shelton Business Services, LLC in Scottsdale, Arizona. Disclaimer: I don't offer investment, legal or tax advice. Talk to your broker, accountant or lawyer for investment, tax and legal help. I might own stock in the companies I mention on-line. My posts, tweets and other on-line activity are my personal thoughts and don't represent my employer or company.
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