Feeling overwhelmed with too many business ideas?
If you are spinning around in circles and don’t know where to start, listen to this mini-episode and learn how to make your decision with these 5 steps.
Listen to the Audio
Describe the type of decision you need to make
Create a list of all your ideas so that you have a clear overview of what you need to compare.
Seeing that list in front of you is less overwhelming than keeping everything in your head.
I like to write down my ideas on paper but you can also use tools like Evernote if you prefer.
Set a deadline
Instead of spending a whole month or more wondering what to do, give yourself a few days such as a week to make up your mind.
Each project is an experiment, and the best way to know if something works is to take action.
Focusing on a specific project for several weeks will provide you with better results than wondering for months what project to work on and ending up never starting.
That is why setting a hard deadline is key to make a decision.
List your decision criteria
Create a list of criteria that will help you evaluate and compare your ideas.
These are my suggestions but feel free to add your own criteria:
- Is the idea profitable
- How excited are you with your idea
- Does your idea solve a specific problem for your audience
- Do you need any additional skills or resources to implement your idea
Evaluate your ideas
Now that you’ve set a deadline for your final decision and have listed your decision criteria, review each idea to see how it compares against your criteria.
Create a table where you list your idea on each row and each column will represent your specific criteria.
Discuss with your community to get their feedback on each idea.
Don’t hesitate to also do some research online to complete your table.
Make a decision
Schedule some time in your agenda to review your table in a quiet place so that you can focus your attention on checking, one last time, the pros and cons for each idea.
Once you come up with a winning idea, do a final gut check to make sure that the selected project will excite you and is aligned with the way you want to serve your audience.
Don’t forget that your business should be profitable too.
Now that you’ve made up your mind on what you want to do next, don’t look back.
Create a plan to implement your project.
You will see how exciting and motivating it is to finally have a direction to follow.
If after a while, you realize that you don’t enjoy what you do, don’t see your work as a failure but rather as a learning experience.
Pivot or improve your idea.
Action item for this week
Grab a piece of paper, describe what your next decision process will be about and follow the 5 steps listed above.
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