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Devin Galloway's avatar

I just had a conversation about this with a new employee last Friday. The advice I gave them:

1. Accept that you'll rarely have 100% of the data. I'm a big believer in Jeff Bezos’ rule of thumb that if you’ve got 70%, you’ve got enough to move forward. The key is to avoid getting stuck in analysis paralysis by waiting for every detail to surface.

2. Consider what type of decision you're facing: Is it a Type 1 decision (high impact, irreversible) or a Type 2 decision (low impact, reversible)? For Type 2 decisions, which are most common, act quickly. You can always adjust if needed. Type 1 decisions are much rarer, especially for new leaders.

In the end, combine your instincts with the available data, make a choice, and embrace the outcome as a learning experience. It's unlikely you'll mess something up so badly it can't be fixed. The goal is progress, not perfection!

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