Episode Summary:
In this episode of Mondays with Mike, Mike Staver answers the question, “When should you trust your gut over data when making business decisions?” He advises that relying on gut feelings should be infrequent and emphasizes the importance of verifying hunches with data and facts. Mike suggests that while data should guide most decisions, there are instances where intuition, particularly about customer needs, can play a role, provided it’s subsequently validated.
Key Takeaways:
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- Gut feelings should seldom override data in business decisions.
- It’s crucial to verify hunches with data and facts.
- Intuition about customer needs can be valuable but should be validated.
Notable Quotes:
- “But the research showed that your gut is very seldom correct. Your gut is very seldom correct.”
- “So I generally feel my gut and verify it with data and facts.”
- “Look at the data, evaluate the data, in the absence of data, what does your gut or hunch say about where the world is? Write that down and then go out and verify it.”
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