You're Not Growing Fast Because You're Making Decisions Slowly | Ep 859

March 28, 2025 by Alex Hormozi

"The Speed of the Boss is the Speed of the Team."

"I'm going to get it right 80% of the time and I'm going to get it wrong 20% of the time and then 20% of the time that I get it wrong, we can always fix it."

"I might be wrong here, but we need to make this decision. This is my best bad idea."

In this episode, the speaker emphasizes the critical role of decision-making in entrepreneurship and leadership, asserting that the speed of decisions made by a leader impacts the entire team's performance. Drawing inspiration from Elon Musk and Jeff Bezos, the discussion revolves around the necessity of making swift decisions, even in the face of insufficient data.

The speaker reflects on personal experiences where slow decision-making hindered growth and suggests a shift from long-term planning to focusing on immediate decisions. Citing Musk's experience during a crunch time at Tesla, where he asserted he could make 80% of decisions correctly on the spot, the speaker champions this pragmatic approach. Bezos further categorizes decisions as reversible or irreversible, providing clarity on how to prioritize quicker, less risky choices.

The core of the discussion centers on reducing the fear associated with decision-making, encouraging leaders to frame decisions as opportunities rather than risks and to embrace the possibility of errors. The speaker proposes that leaders should communicate uncertainty but proceed with decisions to avoid paralysis by analysis. Techniques to cultivate a culture of decisive leadership are shared, including the importance of distinguishing between marginally better options and the need to act swiftly to avoid inaction.

Finally, the speaker challenges listeners to implement a decision-making matrix to streamline processes, reinforcing that the habit of making quick decisions can significantly boost organizational efficiency. The episode concludes with a reminder about the value of team dynamics in fostering an environment where decision-making is quick and embraced, ultimately leading to enhanced productivity.

Key Takeaways

Fast decision-making is crucial for entrepreneurship and impacts the speed of the entire team.
Indecision costs the organization more than the risks associated with making wrong decisions.
Many decisions are reversible, and not making a decision at all can be more detrimental.
Normalizing quick decisions can enhance organizational efficiency and productivity.