Tuesday, 27 May 2014 09:29

How to Make Profitable Choices Featured

Written by
Rate this item
(0 votes)

You’re faced with hundreds of choices every day, thousands even. But how can you know if you’re making the right ones? We do fall into traps many times when we are faced with real circumstances and we have to make a decision or a choice. It is always not a straight forward

procedure yet some are masters in making decisions that are profitable in the long run. There are some decisions that give instant profitable result in the short term but backfire in the long run. One must be very clear and certain when making decisions.

Truth is, most often our decisions are disrupted by an array of biases and irrationalities. Sometimes we’re overconfident. We seek out information that supports us and downplay information that doesn’t. We get distracted by short-term emotions. When it comes to making choices, it seems, our brains are flawed instruments. The right decision, at the right moment, can make all the difference. What you decide will determine the kind of person you become later. Taking decisions at crucial stages can even affect your future.

There numerous numbers of times we are not sure we are making the right choice but we make them base on the circumstance in front of us. Sometimes things could change so quickly that our choices no longer apply and in this case people might look at it as a bad choice but for you it could be seen as a precaution and not a bad choice.

In January 2014 when Arsenal confirmed the signing of Kim Kallstrom from Spartak Moscow on a loan deal, it was not met with much enthusiasm. But that indifference was turned into what-on-earth-was-Wenger-thinking when it became clear Kallstrom would miss a significant amount of playing time with a back injury.  With Wenger only deciding to sign a midfielder owing to the injuries suffered to the likes of Aaron Ramsey and Jack Wilshere, it made absolutely no sense, at least on the face of it, to make a move for a player who will not be available for the entire month of February and possibly beyond that.

Wenger admitted he had known about the injury to Kallstrom before making the signing, but insisted he was left with little choice owing to time constraints, having clinched the Sweden international’s signature on deadline day of the January transfer window.

“[Being fit at the end of February] is the best-case scenario,” Wenger said. “I’m sure if you have played football you might have played with a micro-fracture of your vertebra without even noticing it because on a normal scan you don’t find out. He might play before that [the end of February] but he might play as well later. I would not have signed him if we had two or three more days to do something, but it was Friday night at five o’clock, so it was [a case of] you [sign] nobody or you do it under these conditions.

The Arsenal manager defended his decision to acquire an already injured player due to the fact that Ramsey, Arsenal’s best player that season, suffered a setback, which is likely to keep him out of action for a further six weeks. “It crossed my mind after the [setback] of Ramsey, because everybody says he is back in six weeks but because he had two setbacks who can guarantee that it will not last longer? And after Tuesday night of course, because Wilshere couldn’t play [at Southampton]... it was not a 200 percent need, we could have gone without, but first of all you must identify a player who has the quality to play for us, in January,” he said.

“Then, because we have the number of players needed in that area, not to be locked in a deal of three or four years, where you pay the players to do nothing. So to find a player on a free loan, of that quality, on Wednesday morning until Friday night, is not easy.”

But surely, Wenger would have considered pulling out of the deal for Kallstrom, knowing the risks that the signing came with. “Of course it crossed my mind,” Wenger said. “I decided to do it because we might, because of the number of games we have now in February, need the players in March or April. There is a possibility [that he may not play] but as well there is the possibility that he scores us the winning goal that might be vitally important.

“At some stage in our job you have to make a decision. Are you wrong or right? You will only know at the end of the season. I made this decision because, since the start of the season, all our central midfielders have missed a part of the season -- whether it’s [Mathieu] Flamini, Wilshere, [Mikel] Arteta, [Alex Oxlade] Chamberlain or [Santi] Cazorla. All of them have had injuries and it can happen that a few of them miss the next part [of the season] together. It’s true that in the first four to six weeks we have not sorted that problem out.”

Here you can see that making these choices sometimes will not bring you instant solution but you need to weigh the options. On the pyramid of choice there are several choices to choose from and the reasons behind your choices are best known to you. I have that concept that at the time of making a choice you are not hundred percent sure it is the best choice but you know it is among the best of options you have so you make the choice base on other information and circumstances surrounding the decision. So how do you make a choice that will benefit you? We are going to use the pattern of the choice made by Arsène Wenger as our model.

Stay Clam and Peaceful
Staying calm gives you the power to be in control. Realize that being calm is an internal issue, not an external factor. It can be tempting to blame your external life for your lack of inner calm. Be kind to yourself. Being calm begins with being self-loving (which does not mean being self-absorbed).

Get as much information as possible
You don’t need to be hasty in your conclusion. The only way to see the picture clearly is to obtain as much information as possible. Sometimes the information you obtain has the solution in it. Facts wise, find out everything you can about the problem you’re facing and the options you have for dealing with it. This will help you make the most informed decision.

Know Your Options
Knowledge is power. You need to investigate and understand the various options available to you. This is very important because it gives you more solution that can be applied.

List all your options
List all of your options. At first sight, it may appear that there is only one course of action, but that is usually not true. Even if your situation seems limited, try to make a list of alternatives. Don’t try to evaluate them until you’ve got a full list. Be thorough.  

Think in depth about each option
You need to think in depth about each option. You need to analyse them and see try to think what there different outcome will be. You know what is best for you in this situation and this will be easy to choose because you have deep knowledge of your options.

Weigh all the risk versus the gains
For every option, list every possible outcome and label it as positive or negative. You are not in a hurry. You want the very best so you must ensure you get the best.

Observe your feelings and emotions
You’ll be comfortable with some options and uncomfortable with others. Allowing your emotions to be in control is dangerous. Being able to control your emotions depends in part on how much you feed a particular emotion; on how much you focus on what you are afraid of, enraged by, or depressed about. You must be totally focused in dealing with the situation not allowing your emotion to be the driver.

Relate your choices to your priorities
Each question you asked yourself here is very important so you need to create a list of priorities in relation to these questions. Write down the list, and then put your options against it. If you have well-established priorities, this will be easy. If you don’t, take extra time with this step.

Make a Choice
The reason you started this exercise is to make a choice so now you have more than enough solution in front of you that will enable you to make the choice. Go for it. Don’t fold your hands. This is the time and the hour you have been waiting for. Don’t waste it.

Designate your choices
Most of the times your choice will sneak up on you before you even realize you’ve made a decision. Things should begin to fall together for you at this point. You should feel good about yourself and what you want. This strengthens your confidence in yourself, and strengthens your identity.

Register your Choice
At this point you’re putting it all together in preparation for action. Do not backtrack. Keep moving forward towards your final decision. Be very open here. I have been in a situation before while trying to make a decision the events that happened next enables me to make the decision as it puts the solution right in my hands. If I was negative I wouldn’t have been able to identify the solution.

Now Commit to your Choice
It will make no sense to spend all the time you did and energy in making a choice that you won’t commit to. Choice becomes a decision when implementation takes place. Focus your time, energy, self, and purpose on the decision.

Kim Kallstrom scored a crucial penalty against Wigan Atlantic in the semi-final of the FA cup which puts Arsenal in the final and was able to win silverware after nine years without one. So the decision is productive in the long run.

66750 comments

  • Comment Link supreme new york Saturday, 13 February 2021 22:01 posted by supreme new york

    I intended to send you this very little note in order to say thanks the moment again considering the remarkable thoughts you have shown in this article. It was certainly unbelievably open-handed of you to grant unreservedly all that most of us might have distributed for an electronic book to earn some profit on their own, notably considering the fact that you could possibly have done it if you ever decided. These advice as well worked as a easy way to fully grasp other individuals have a similar fervor like my personal own to know the truth great deal more on the subject of this problem. Certainly there are many more enjoyable times in the future for those who start reading your website.

  • Comment Link kyrie irving shoes Thursday, 11 February 2021 11:11 posted by kyrie irving shoes

    I am commenting to make you be aware of what a beneficial experience my daughter enjoyed studying your blog. She realized such a lot of things, with the inclusion of how it is like to possess an amazing teaching nature to make the mediocre ones clearly gain knowledge of specified tortuous things. You really exceeded our own desires. Thank you for presenting these helpful, trustworthy, explanatory and as well as fun guidance on your topic to Emily.

  • Comment Link cheap jordans Tuesday, 09 February 2021 00:04 posted by cheap jordans

    I intended to write you this very small word to be able to thank you very much yet again with the marvelous guidelines you've shared on this site. This is really generous of people like you to allow publicly all most people would've supplied as an electronic book to earn some dough for their own end, most importantly seeing that you might have tried it in the event you desired. These good ideas as well served as a good way to be sure that other individuals have similar eagerness like mine to know the truth a whole lot more with regards to this condition. I am certain there are some more pleasant sessions up front for many who browse through your blog post.

  • Comment Link michael jordan shoes Saturday, 06 February 2021 05:34 posted by michael jordan shoes

    I simply wished to say thanks again. I am not sure what I could possibly have created in the absence of those ideas provided by you directly on that area of interest. It seemed to be a real challenging matter in my opinion, nevertheless taking a look at a new expert form you dealt with that made me to leap with fulfillment. I'm just thankful for the guidance and as well , believe you comprehend what a great job you have been carrying out educating most people with the aid of your web blog. I know that you haven't met all of us.

  • Comment Link supreme clothing Wednesday, 03 February 2021 03:12 posted by supreme clothing

    I wish to convey my admiration for your kindness for people that absolutely need help on this important idea. Your special commitment to getting the message all-around appears to be quite functional and has constantly empowered others just like me to attain their aims. Your useful key points denotes so much to me and especially to my office colleagues. With thanks; from each one of us.

  • Comment Link yeezy shoes Sunday, 31 January 2021 00:57 posted by yeezy shoes

    Thanks so much for giving everyone a very brilliant possiblity to read in detail from this website. It really is very terrific plus full of fun for me and my office acquaintances to search your site on the least three times in 7 days to learn the latest guidance you have got. And indeed, I'm so always amazed with the beautiful things you serve. Certain 3 areas in this posting are unequivocally the most suitable I've ever had.

  • Comment Link nike off white Wednesday, 27 January 2021 22:31 posted by nike off white

    I am just commenting to make you know of the beneficial encounter my cousin's princess found going through your site. She mastered lots of issues, which include what it's like to have an excellent teaching character to have a number of people really easily know precisely selected complicated things. You really did more than her expected results. Thanks for presenting these precious, healthy, edifying and fun guidance on the topic to Janet.

  • Comment Link lebron james shoes Sunday, 24 January 2021 19:51 posted by lebron james shoes

    I must get across my passion for your generosity supporting visitors who must have help with this one subject matter. Your special dedication to passing the message around appeared to be really practical and has in most cases encouraged others much like me to reach their desired goals. Your new warm and friendly information implies this much a person like me and still more to my peers. Warm regards; from each one of us.

  • Comment Link curry shoes Thursday, 21 January 2021 07:04 posted by curry shoes

    I enjoy you because of all of the efforts on this website. My mum enjoys going through internet research and it's easy to understand why. My spouse and i notice all relating to the powerful ways you create practical steps through the web site and as well inspire response from people on that idea while my girl is without question understanding a lot of things. Enjoy the remaining portion of the new year. You have been conducting a stunning job.

  • Comment Link supreme clothing Monday, 18 January 2021 01:48 posted by supreme clothing

    Needed to create you one little bit of note to be able to thank you so much again about the precious suggestions you have documented at this time. This is so wonderfully open-handed of you to give without restraint precisely what many individuals would've offered for an e-book to earn some dough on their own, principally considering the fact that you might have tried it if you considered necessary. These solutions as well worked as the easy way to be aware that some people have the identical passion much like my personal own to know very much more with respect to this matter. I am certain there are some more pleasurable situations in the future for folks who view your website.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.