The Decision-Making Matrix—A Surprising Tool for Choosing What to Pursue Next

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Chris, an entrepreneur with a flood of opportunities and very limited time, used to take a haphazard approach—jumping on whatever seemed exciting. But as sticky notes and digital files piled up, he started to feel scattered, missing deadlines and small wins.

One day, after a particularly stressful week, he decided to list every potential project on a whiteboard. He then rated each for how much impact it could make, how tough it would be, how profitable it seemed, and whether it aligned with his bigger goals. The process, surprisingly, revealed a clear front-runner and some easy cuts. A project that was fun but had low profit and huge effort became an obvious 'later'; another, which he’d overlooked, suddenly topped the chart.

This approach, rooted in decision science, is called multi-criteria analysis or weighted scoring. By making choices visible and systematic, it allows leaders to sidestep “shiny object” syndrome, letting data and fit guide the next action—not just excitement or fear.

Whenever you feel bombarded by options or pulled in a dozen directions, pause and dedicate a few minutes to writing everything out. Use simple scores to weigh impact, effort, potential profit, and how well each aligns with what you actually care about. Add them up; don’t be surprised if an unexpected winner emerges. Let these numbers be your guide for what to act on first—maybe not forever, but it gets you moving in the right direction, clearing away that paralyzing fog of indecision. Give yourself permission to shelve (not abandon!) the lower scorers, and focus on building momentum with the best choice.

What You'll Achieve

Move from overwhelm and indecision to focused action; gain measurable results and lower anxiety by having both a clear process and a rationale for your choices.

Score Your Ideas to Reveal Hidden Winners

1

List all your current ideas in one place.

Gather every project, business concept, or solution you’re considering into a single document or notepad.

2

Score each idea using clear criteria.

For each idea, rank its impact, effort, profitability, and alignment with your vision on a scale from 1 (low) to 5 (high); you can add or adjust categories based on your needs.

3

Add up the scores to prioritize.

Tally the results and see which ideas rise to the top. If you’re limited on time or resources, focus on pursuing the highest-scoring projects first.

Reflection Questions

  • What new insights did ranking your ideas reveal?
  • Were there surprises in what scored highest or lowest?
  • How might your personal values shift which criteria you emphasize?
  • What’s your next step for acting on your top idea?

Personalization Tips

  • A student overwhelmed by club, internship, and group project invitations uses the matrix to decide which activity genuinely helps her goals.
  • A freelance designer who wants to grow her business scores potential services on client interest, her expertise, how much she enjoys the work, and how quickly it pays.
  • A stay-at-home parent tallies side gig ideas—handmade crafts, meal prep, tutoring—by expected income, flexibility, and personal satisfaction.
The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future
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The $100 Startup: Reinvent the Way You Make a Living, Do What You Love, and Create a New Future

Chris Guillebeau
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