From Idea Overwhelm to Action: How to Choose Which Project to Pursue
Hemin Latif, Ph.D.
Director - AUIS Entrepreneurship and Innovation Center (AEIC) | Assistant Professor - AI, Robotics, and Data Science | Founder and Director of Design - Agora Vision & Agora Designs
Do you find yourself brimming with ideas for a side project, a new business venture, or an innovative initiative at work? You're not alone. Many of us dream of creating something meaningful outside our day jobs or bringing fresh ideas to our companies. But here's the catch:
Having too many ideas can be just as paralyzing as having none at all.
If you're constantly jumping from one exciting concept to another without making real progress, you're at risk of remaining stuck in the dreaming phase forever. Meanwhile, those who succeed are not necessarily the ones with the best ideas—they're the ones who choose an idea and take action.
The difference? They choose, decide, and work on their ideas. As simple as that.
The Hidden Cost of Decision Paralysis
Think about it: How many potentially great projects have you left on the back burner because you couldn't decide where to focus your energy? How many times have you seen someone else succeed with an idea similar to one you had years ago and thought to yourself: "I had the same idea!"
According to research by organizational psychologist Heidi Grant, having too many options significantly decreases our likelihood of making any choice at all. This "paradox of choice" doesn't just rob us of momentum—it actually increases our dissatisfaction with whatever we eventually choose.
It's time to break this cycle. The good news is, you don't need to rely on gut feeling or chance to pick your next big project. There are proven frameworks that can help you objectively assess your ideas and choose the one with the highest potential for success.
Decision Frameworks: Your Path from Ideas to Action
Ready to pick your top idea and turn it into reality? Let's explore three powerful frameworks to help you choose the right idea to pursue:
1. The ICE Framework
ICE stands for Impact, Confidence, and Ease. This simple yet powerful framework, popularized by growth expert Sean Ellis, helps evaluate and prioritize ideas quickly.
How it works:
Multiply the three scores to get the ICE score (maximum of 125). Prioritize ideas with the highest ICE scores.
Real-world example: When Dropbox was considering growth initiatives, they used the ICE framework to prioritize their referral program (which ultimately led to their viral growth) over other potential features.
2. The DVF Framework
DVF stands for Desirability, Viability, and Feasibility. This framework, originating from IDEO's design thinking methodology, ensures a balanced approach considering customer needs, business goals, and practical implementation.
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How it works:
Assess each idea on:
Multiply the three scores to get the DVF score. Prioritize ideas with the highest scores.
Pro tip: Ideas scoring high on desirability but low on feasibility might be worth revisiting later when you have more resources or skills.
3. The Now-Next-Later Method
This approach acknowledges all your ideas as valuable while creating clarity on what deserves your immediate focus.
How it works:
This method pairs perfectly with either the ICE or DVF framework—use them to score your ideas, then organize them into these three categories.
Moving Beyond Analysis: The 90-Day Commitment
Here's what sets successful innovators apart: they don't just choose an idea—they commit to it for a meaningful period before reevaluating.
I recommend a 90-day commitment to your chosen "Now" idea. This timeframe is:
During these 90 days, capture new ideas that come to mind in your "Later" list, but don't let them distract you from your current focus.
Taking Action: Your Next Steps
By using these frameworks, you can objectively evaluate your ideas and make informed decisions on which ones to pursue. Remember, the goal is not to find the perfect idea, but to choose a promising one and start making progress.
Don't let analysis paralysis hold you back any longer. Your side project, business, or innovation journey begins with this crucial first step.
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1 个月Sometimes the best move is just to pick one idea and run with it, even if it's not perfect.
Managing Partner at NMA Venture Capital GmbH
1 个月thanks! interesting framework. and yes, I do have too many ideas all the time. Most of them are also really good :)