Getting stuck while making decisions that have an element of uncertainty is quite common. We can see business leaders, politicians and bureaucrats stuck while making decisions that are needed for progress. They take forever to make decisions because most of the times democratic decision making involves consensus which takes enormous amount of time. It involves crossing every t and dotting every i before even taking a small step.
As much as this is suitable to the parts of the fraternity mentioned about, being stuck while making a decision may be costly for the entrepreneur. In the life of an entrepreneurial venture, the entrepreneur will take many decisions. These decisions, be it opening up an office in a locality or buying a server, need thorough research and guidance. Often there is not much time to conduct research before making every decision.
That means the entrepreneur needs to take decisions based on limited amount of information or research that is available. Sometimes these decisions turn out to be favourable , sometimes not so much. But that does not matter in the long run. There will be wastage,redundancies and costs which will appear as wrong when looked back. But then it is the part of the game. If you then had so much information, you would have taken the best decision. However, at that point you had no idea whether your decisions will make any sense in future.
For example, if you purchased two internet connections when you could do with one, is it a bad decision? Probably not, because you are trying to address a risk, that at a critical time your single internet connection may breakdown, causing your business to suffer. There are obvious costs to the other connection but then you have calculated mentally that it is worth the trouble.
Since you took decision you were able to move further and complete more tasks. The point is simple, in your venture, you will have to take hundreds of decisions and often it is not easy to plan and research for everything. This is not a substitute of planning but to be aware that sometimes things may slip and you will have to take decisions later.
Taking fast decisions even when you have limited information is the key to move ahead fast and concentrate on more important tasks at hand.