What Are The Most Important Decisions Leaders Make?

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I was thinking about this and I think it's knowing when to cut the cord. It happens in business, sports, parenting, and anything else that involves leadership. Once you start going down the road of hope versus certainty, you must be willing to get out.


I see it with deals that I work on and I see it with relationships that people are in. Once they start hoping that that person will come back to them or that deal may, if we do this, be closed. At that point, it's too late. You have to be proactive beforehand versus worrying about it after the fact; that it should have been done six months ago. 


So, I think one of the most important decisions a leader can make is timing and understanding when to get out. Because you don't want to be the guy who always "buys high, sells low". You want to be the guy who "buys low and sells high". You don't want to be on the downward trajectory. You want to be on the upward trajectory.~ Ken


What do you think are the most important decisions leaders make?