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This Common Decision-Making Trap Is Holding Your Business Back. Here's How to Escape.

C. Lee Smith

created: June 12, 2025, 5 p.m. | updated: June 13, 2025, 2:42 p.m.

Improve business outcomes by substituting either/or thinking with "multiple-choice thinking." This lighthearted exchange highlights how to improve your outcomes by substituting binary thinking with what I call "multiple-choice thinking." Beyond making the best decisions, multiple-choice thinking reduces the risk of regret (or buyer's remorse). Related: How to Make Powerful Business Decisions Without Guilt, Shame or RegretReal-world examplesEntrepreneurs can apply this mindset everywhere:Suppliers: Don't wait for a supply chain problem to put your business into an emergency situation. Your mission is to make the best decision with the information available at the time and move on.

4 months, 3 weeks ago: Entrepreneur