The ability to effectively judge a situation and evaluate appropriately an opportunity in a way allowing you to see the full potential can be very powerful skill for entrepreneurs. Business owners and startup enthusiasts, who are able to recognize opportunity when it comes their way, have strong advantage over the competition.  Building a company is serious business, yet entrepreneurs, who have strong intuition and are not afraid to trust their gut, are more inclined to taking brave decisions, to risk more and to aim high – all great elements of successful entrepreneurial approach.

Remember why you started

Managers in big corporations take their decisions mainly based on solid metrics and baked by well-analyzed data. In entrepreneurship often the case is not the same. Many entrepreneurs begin their ventures because they are inspired by idea, driven by passion and led by the feeling that “this is something big”. They execute on their bravest ideas even when the odds are not in their favor. And this is how many of them succeed. The power of intuition plays key role in entrepreneurship, where the founders have more freedom to take their decisions based on their instincts, when they feel that this is the right thing to do.

All business people are data driven, just some of them and more likely to take bigger risks when the stake is high. So, next time when you have to make a major decision, but after the evaluation of all the data and all the important information (you’ve weighted the pros and cons), it still seems difficult to decide, remember why you started your venture. Trust your intuition and do what feels right!

Connect the dots

Previous mistakes, failure and general experiences make us who we are. These moments of setback are better teachers than even our biggest success stories. By knowing what went wrong and evaluating these situations in order to learn a lesson, valuable information is acquired. Previous experiences have thought you many lessons, even though it may not seem this way. It is just a matter of time that you remember a small detail from the past that can help you get a whole new perspective on the current situation.

Sometimes this is what we need: to connect the dots in the current situation – to see how previous experience, skill or knowledge gained before that may have seemed as waste of time, can actually be very useful at the present moment. And all of the sudden everything makes sense! When you need to make important decisions, trust your gut. It may not be just an intuitive feeling, it may be information that you have long forgotten about making its way up to the surface to help you make a better choice.