What are common pitfalls in entrepreneurial decision making?
Entrepreneurs may encounter several common pitfalls, including:
Overconfidence: Believing too strongly in one's abilities and underestimating risks, leading to overly ambitious decisions. Analysis Paralysis: Getting bogged down in excessive data analysis and failing to make timely decisions. Confirmation Bias: Seeking information that confirms pre-existing beliefs and ignoring contradictory evidence. Short-term Focus: Prioritizing immediate gains over long-term sustainability and growth.