Writing for Business Strategy and Decision-Making

Clear strategies and making informed choices through writing

Consider the resource cost when making decisions. A short note outlining the plan is enough for quick or inexpensive choices.

Train yourself to test hypotheses.

Assess the cost and importance of significant decisions, including one-way doors.

Write down your thoughts; even a single sentence can outline a plan.

Business writing is crucial for entrepreneurs to master. Enabling clear thinking and strategic communication. Writing promotes transparent communication policies to cut information silos and foster focused work.

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Writing a thorough memo to persuade oneself of an idea can be demanding, but it enables a deep understanding of decisions and trade-offs.

Even though writing can be rigorous and stressful, the clarity gained from the process is invaluable. Writing ensures accountability and prevents self-rationalization. Documenting decisions and hypotheses provides a clear and unchanging record of thoughts.

Strategic think weeks involve writing tactical documents, such as product development processes.

Shift focus to a broader company strategy.

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Take time to step back and identify problems worth solving rather than getting lost in a startup's day-to-day operations.

Choose thinking weeks to determine the critical challenges that can make or break a company's success.

Engage in thinking weeks with others. Include social interactions to balance focused work and relaxation. This promotes a conducive environment for strategic ideation.

Incorporate strategy into your daily activities by considering tasks like walking and thinking. Divide around 5% of your time into planning, more than most people do.

Adjust company strategy documents, even if the strategy remains compelling and unchanged. They may shift, indicating the need for a complete change in direction.

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