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 Today's advice comes from Health Management Associates CEO Gary Newsome's interview with Becker's Hospital Review: "When I've failed to make difficult decisions, typically it comes back worse. I've learned a lot over the years to deal with difficult situations, and the best way is to hit them head on. " Newsome started out his career managing a single hospital, and says he's learned a lot since he ascended the ranks to oversee an entire health care company whose subsidiaries include 66 hospitals in 15 states. The amplified responsibility in an industry where it's not just employees depending on him -- but also patients -- has been challenging, he says. But learning from mistakes and allowing for failure has helped Newsome avoid making the same mistakes twice. Quick (but informed) decision-making is vital, and so is empowering talented staffers who can help steer the company toward success. If you've got adept, trustworthy employees on board, they'll help soften the burden of making tough decisions. "One of my biggest responsibilities was to develop people. If I did a good job of developing people, that would result in direct and sustained growth in the company." Want your business advice featured in Instant MBA? Submit your tips to tipoftheday@businessinsider.com. Be sure to include your name, your job title, and a photo of yourself in your email. Please follow War Room on Twitter and Facebook. | | | | | | | |
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