Contributed post.
What is “business bias”? It’s a general term referring to instances where managers or business owners call upon their unconscious biases, a.k.a. preconceived notions or “gut instinct,” to make decisions.
You believe you know what’s best for your business because you started it from the ground up. You’ve got a close emotional connection to the company and you’ve also had experience making business decisions in the past. This creates a combination of emotional and cognitive bias that often leads to poor decision-making.