How to prioritize?
Prioritization is critical, but it's not easy. These prioritization mental models have helped me make tough choices, prioritize short-term wins and long-term gains.
Here are 9 of the best:
—
1. Eisenhower Decision Matrix
Prioritize tasks by urgency and importance and decide which tasks should be delegated or not done at all.
2. ICE Framework
Best for short-term prioritization decisions (weeks or months).
3. Jeff Bezos Regret Minimization Framework
When deciding what to work on, ask yourself, which action would my 80-year old self most regret not having taken?
4. Return on Investment
The key is to decide what’s most valuable to you.
5. The One Thing
A key mindset of success is recognizing that it comes sequentially, not by focusing on multiple things at once.
6. North Star
It’s the metric that produces the most business value over the long term when optimized.
7. Weak-Link and Strong-Link Thinking
It says that when making decisions, Customers should be prioritized first, then the team (as a whole), then an individual.
8. Good and Bad Procrastination
Good procrastination is avoiding work with 0 chance of being mentioned in your obituary—like errands.
9. Satisficing vs. Maximizing
Satisficing: Picking the first option that satisfies an acceptable threshold—typically doesn't result in the best solution.
Maximizing: Spending time and effort to ensure you've solved something optimally—typically results in the best solution.