Critical thinking is clear thinking that’s based on reason, rather than on emotion. Running a small business can be a deeply personal endeavor, a way to channel a passion or to live out a dream. But your business won’t succeed, unless you regularly take cold, hard looks at the numbers and facts, and then you use this information to make choices consistent with your underlying vision.
Good business decisions don’t come exclusively from critical thinking, but critical thinking is a valuable tool, along with intuition.
The more effectively you organize your work flow, the more efficiently your work gets done, and the more money your company earns. Critical thinking helps you examine processes, evaluate their efficiency and then make decisions about new systems and technologies.
To think critically about operations, identify areas where you can collect and analyze data — such as the average dollar value of the items your production staff makes in an hour. Use this information to pinpoint areas that can be improved. Brainstorm about solutions to remedy these inefficiencies. Then, test these solutions, gather new data and begin your critical thinking process again.