Print this page
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.

78539 comments

  • Comment Link Stahlwandpool Friday, 21 June 2024 03:10 posted by Stahlwandpool

    you are in point of fact a good webmaster. The site loading velocity is incredible.

    It kind of feels that you are doing any unique trick. In addition, The contents are
    masterwork. you have done a great job in this subject!

  • Comment Link 88bet15965 Friday, 21 June 2024 03:06 posted by 88bet15965

    This is the right website for anybody who really wants to
    understand this topic. You realize a whole lot its
    almost tough to argue with you (not that I personally
    will need to…HaHa). You definitely put a brand new spin on a topic which has been discussed
    for decades. Great stuff, just excellent!

  • Comment Link Brian Houston - TX Friday, 21 June 2024 03:01 posted by Brian Houston - TX

    Right here is the right website for anyone who hopes to find out about this topic.
    You understand a whole lot its almost hard to argue with you (not that I actually would want to…HaHa).
    You certainly put a new spin on a topic which has been discussed
    for many years. Wonderful stuff, just great!

  • Comment Link Claremore Friday, 21 June 2024 02:52 posted by Claremore

    Thankfulness to my father who told me on the topic of this
    webpage, this blog is truly amazing.

  • Comment Link fitspresso does it work Friday, 21 June 2024 02:00 posted by fitspresso does it work

    I was able to find good info from your blog articles.

  • Comment Link Buzzhawk AI Friday, 21 June 2024 02:00 posted by Buzzhawk AI

    Introduction In recent years, the development of technology has greatly impacted various industries, with the field of insect control being no exception.

  • Comment Link Hosting_fwSi Friday, 21 June 2024 01:58 posted by Hosting_fwSi

    Бесплатный хостинг в Беларуси: качество и надежность, плюсы и минусы.
    Сравниваем лучшие предложения хостинга в Беларуси, гайд по выбору.
    Выбор профессионалов: топ-3 хостинга в Беларуси бесплатно, плюсы и минусы.
    Шаг за шагом: переезд на хостинг в Беларуси бесплатно, инструкция и советы.
    Безопасность сайта: SSL на хостинге в Беларуси бесплатно, характеристики и обзор.
    Как создать сайт на бесплатном хостинге в Беларуси?, шаги и советы.
    Где можно купить хостинг в Беларуси дешево и качественно?, прогноз и анализ.
    Битрикс хостинг бесплатно https://gerber-host.ru/ .

  • Comment Link Hosting_gpSi Friday, 21 June 2024 01:58 posted by Hosting_gpSi

    Почему стоит выбрать хостинг в Беларуси бесплатно?, плюсы и минусы.
    Какой хостинг в Беларуси бесплатно выбрать?, инструкции и рекомендации.
    RAIDHOST, HOSTERO, TUT.BY: лучшие бесплатные хостинги в Беларуси, характеристики и отзывы.
    Как перенести сайт на бесплатный хостинг в Беларуси?, инструкция и советы.
    Безопасность сайта: SSL на хостинге в Беларуси бесплатно, характеристики и обзор.
    Простая инструкция: создание сайта на бесплатном хостинге в Беларуси, инструкция и рекомендации.
    Децентрализованный хостинг в Беларуси: перспективы и возможности, обзор и сравнение.
    Битрикс хостинг бесплатно Битрикс хостинг бесплатно .

  • Comment Link Hosting_fbSi Friday, 21 June 2024 01:58 posted by Hosting_fbSi

    Бесплатный хостинг в Беларуси: качество и надежность, преимущества и особенности.
    Какой хостинг в Беларуси бесплатно выбрать?, инструкции и рекомендации.
    3 лучших хостинга в Беларуси бесплатно: наши рекомендации, оценка и обзор.
    Как перенести сайт на бесплатный хостинг в Беларуси?, инструкция и советы.
    Безопасность сайта: SSL на хостинге в Беларуси бесплатно, за и против.
    Простая инструкция: создание сайта на бесплатном хостинге в Беларуси, шаги и советы.
    Децентрализованный хостинг в Беларуси: перспективы и возможности, характеристики и отзывы.
    хостинг бесплатно хостинг бесплатно .

  • Comment Link Hosting_juSi Friday, 21 June 2024 01:58 posted by Hosting_juSi

    Бесплатный хостинг в Беларуси: качество и надежность, преимущества и особенности.
    Сравниваем лучшие предложения хостинга в Беларуси, инструкции и рекомендации.
    RAIDHOST, HOSTERO, TUT.BY: лучшие бесплатные хостинги в Беларуси, оценка и обзор.
    Как перенести сайт на бесплатный хостинг в Беларуси?, инструкция и советы.
    Бесплатный SSL для хостинга в Беларуси: зачем он нужен?, за и против.
    Как создать сайт на бесплатном хостинге в Беларуси?, шаги и советы.
    Где можно купить хостинг в Беларуси дешево и качественно?, прогноз и анализ.
    Хостинг провайдер бесплатно Хостинг провайдер бесплатно .