The right way to make a tough strategic decision

02/25/2014 | ReadWrite

Before making a decision about your startup's strategy, it's important to consider the worst possible outcome, analyze the potential risks and make sure you are in the right emotional state, Young Entrepreneur Council members say. "Taking a step back and understanding your current emotions and drives can help your timing on when to make a decision, increasing your odds of a favorable outcome tremendously," says Phil Chen of Givit.

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