Determine the choices you have to make, then name them.
( For example, if you are thinking about getting a new job. You might determine that there are three choices / options available:
• Option 1: Relocate to another city with a higher paid job.
• Option 2: Keep current job.
• Option 3: Create a new business in your city.
Determine what the factors are that make your options unique, interesting, and/or exciting. List as many as possible.
All factors will be related to
the percentage of potential effect this new opportunity will have on the quality of time spent with friends and family,
money and time, saved or spent.
Example. Factors for relocating for a new job options are:
1. Annual salary (it will be different for all options)
2. Monthly rental expense
3. Your potential level of professional satisfaction
4. Travel time on weekends
5. Connection with friends and family
Rank the significance of the factors.
1 = the least important factor for you,
5 = the most important factor for you.
* This is important because your most significant factors will have heavier impact to your decisions.
All factors will be Good or Bad.
Positive (Good Things):
save or generate money, time saved, positive emotions, opportunities
Negative (Not So Good Things):
fees / costs, wasted time, negative emotions / feelings
For example, factors for relocating / job options are:
1. Annual Salary = Dollar - Gain
2. Monthly rental fee = Dollar - Waste
3. Professional satisfaction = Percent - Gain
4. Travel time on weekends = Hours - Waste (because you are spending your life hours)
5. Connection with friends and family = Percent - Gain
Tip: Assign a percentage valve if you cannot measure your factor in dollars or hours.
Fill all empty cells. Under each option, per each factor.
Add numbers to every choice.
Each factor will be related to either money, time or percent. Factors will impact every choice you have, it will be either a waste or a gain. In other words, factors will impact you positively or negatively.
What would be your salary if you were to relocate and accept that job offer?
What if you keep your current job? What would be the average annual pay if you were to open your own business?
OR
How much do you have to pay in rental fees per annum for each option?
Check the results with the highest score.
Best Decision Tool will calculate your options, giving more preference to your higher priority factors. It will quantify your personal values (happiness, satisfaction, networking, opportunities).
Lower priority factors will have less weight, but will also calculate the difference between benefits and disadvantages (e.g. monthly or annual spending, hours spent annually on travel, etc.)
Results will translate your options to a rate.
Most preferred option
(highest number),
somewhat preferred option(medium number),
and least preferred option(lowest number).