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.

67044 comments

  • Comment Link moncler outlet Tuesday, 24 May 2022 07:36 posted by moncler outlet

    I must express thanks to the writer for rescuing me from this problem. Just after scouting throughout the online world and seeing techniques which are not pleasant, I thought my entire life was over. Existing without the answers to the difficulties you've sorted out by means of this guideline is a serious case, as well as the kind that could have adversely damaged my entire career if I had not noticed your web blog. The capability and kindness in controlling all things was valuable. I'm not sure what I would've done if I hadn't encountered such a step like this. I can also at this time relish my future. Thanks very much for your impressive and sensible guide. I will not be reluctant to refer your web sites to any individual who wants and needs support about this subject matter.

  • Comment Link supreme hoodie Tuesday, 24 May 2022 07:27 posted by supreme hoodie

    I must express some appreciation to you for rescuing me from this trouble. Because of scouting throughout the online world and getting basics which are not helpful, I thought my life was over. Being alive minus the solutions to the difficulties you have fixed all through your entire site is a crucial case, as well as the ones that could have negatively affected my career if I hadn't encountered your blog. Your own competence and kindness in playing with the whole lot was tremendous. I am not sure what I would have done if I hadn't encountered such a stuff like this. I'm able to now relish my future. Thank you very much for your reliable and results-oriented help. I won't hesitate to endorse your site to any person who needs to have support on this topic.

  • Comment Link Alanslems Tuesday, 24 May 2022 04:38 posted by Alanslems

    cipro 250 mg tablet

  • Comment Link Ashslems Tuesday, 24 May 2022 00:23 posted by Ashslems

    prinivil medication

  • Comment Link Annaslems Tuesday, 24 May 2022 00:13 posted by Annaslems

    ivermectin eye drops

  • Comment Link yeezys Monday, 23 May 2022 23:44 posted by yeezys

    I wish to point out my appreciation for your generosity in support of folks that need help on this particular subject. Your personal commitment to passing the solution all-around appears to be astonishingly helpful and have constantly empowered ladies like me to attain their ambitions. Your valuable guide can mean a lot to me and a whole lot more to my fellow workers. Many thanks; from everyone of us.

  • Comment Link kd 12 Monday, 23 May 2022 23:30 posted by kd 12

    I needed to write you that little bit of note so as to give thanks over again for your nice thoughts you have contributed on this site. It has been quite tremendously generous of people like you to allow easily all that a number of us might have sold for an ebook to earn some dough for their own end, mostly considering the fact that you could have done it if you ever desired. These tricks also acted to provide a good way to know that other people online have the same desire really like my own to realize more around this problem. I am certain there are numerous more enjoyable situations up front for individuals who go through your blog.

  • Comment Link Jackslems Monday, 23 May 2022 20:48 posted by Jackslems

    viagra best brand

  • Comment Link goyard bags Monday, 23 May 2022 19:37 posted by goyard bags

    Thanks so much for providing individuals with a very memorable chance to read articles and blog posts from this website. It is usually so useful and as well , packed with a lot of fun for me personally and my office acquaintances to search your blog more than 3 times a week to study the fresh guidance you will have. And lastly, I am actually fascinated with all the effective creative ideas you serve. Certain 1 areas in this article are essentially the most impressive I have had.

  • Comment Link paul george shoes Monday, 23 May 2022 18:54 posted by paul george shoes

    My spouse and i got delighted when Ervin could carry out his analysis with the ideas he had through the blog. It's not at all simplistic to simply possibly be giving away hints which other folks might have been making money from. And we remember we now have the blog owner to appreciate for that. The explanations you have made, the straightforward web site menu, the friendships your site help to create - it is everything superb, and it is leading our son and us believe that the article is interesting, and that is very indispensable. Thank you for the whole lot!

Leave a comment

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