Have a to-do list longer than you know what to do with, or where to start? Feeling overwhelmed? Try giving your tasks an ROI value. Here’s how:
What it is and what it tells us
ROI stands for return on investment. Usually, we want the highest ROI possible; it is a measure of how well the sale of a product or service went compared to how much we invested in things like ads, free trainings/webinars, our time invested.
The equation is:
How to use it & set it up
Normally our ROI tells us how well a sale or promotion went for us. The higher the ROI means we made more per sale in relation to our costs for that product launch. The ROI for tasks that we are about to talk about is a number (1–4) assigned to each item on our to-do list or brain dump. It is the value we will get out of a task (our return) based on the amount of effort (our investment) we put into getting the task complete.
Why it works
Not only does this method give us the MITs (Most Important Tasks) to work on first but it also can even eliminate things on our to-do lists because we see they are “4’s” and may end up deciding they are not worth the effort at all. Here is the rubric that I devised to determine the numerical value each task will get. Think of a couple to dos on your list and give it a try now:
When to use it
Whenever you have a longer to-do list and just don’t know where to start, this could also be something you use daily or weekly during your planning sessions to give you an idea of the tasks that you should begin with to make your day the most productive it can be.
Check out this article
To read about the whole process of moving the needle forward on any project you are working on, read further:
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