WHAT THE EXPERTS SAY

“SOME DECISIONS will turn out to be wrong, but more will be right than wrong. Furthermore, recognition that a decision was wrong will often reveal an opportunity. For example, quitting stock just before rain falls may be viewed as a wrong choice (although it was the right one to make at the time), but one which could open a raft of opportunities, such as buying in trading stock, taking on grazers, allowing pastures to recover, and/or improving the performance of the remaining stock.

Studies show high income earners have fewer regrets about decisions made than average earners. This may be because they always make the right decisions, or more likely, because they don’t dwell on the wrong ones.

Making early decisions is more likely to result in better per head performance and better profit than not making a decision until being forced to by circumstances, when no choices remain.”