Whenever a situation comes, while you have to take a big decision, you often find yourself alone. Most of the Entrepreneur & Decision Makers struggle with isolation, according to a study by Stanford University and The Miles Group. More importantly, the study revealed that nearly two-thirds of Entrepreneurs & Decision Makers do not receive outside leadership advice.

This is risky situation when you realize the impact isolation can have an adverse impact on your business decisions and the success of your company. Entrepreneurs & Decision Makers who don’t have access to outside perspectives from the right people, can make uninformed decisions that imperil the success of their companies.

The consequences could be disastrous. It would be worth mentioning here that a pivotal study from The Ohio State University showed that 50 percent of companies fail due to management’s flawed business decisions.

Stephen Miles, CEO of The Miles Group, stated, “Even the best-of-the-best CEOs have their blind spots and can dramatically improve their performance with an outside perspective weighing in.”

That outside perspective can help you, as an Entrepreneur & Decision Maker, avert disaster and substantially grow your company. And one of the best ways to gain perspective is to understand how you can leverage a PeersBoard in decision-making.