Great founders are great at prioritising. They are great at deciding which tasks, projects, and meetings are important and which are not. A simple way to improve your ability to prioritise is to use prioritisation frameworks. Prioritisation frameworks are simple rules that enable founders to make decisions about which tasks to do when.
Below we have summarised a list of prioritisation frameworks used by some of the world’s top entrepreneurs like: Paul Graham, Sam Altman, Patrick Collison, Elon Musk, Mathilde Collins and a number of others.
To practically use a prioritisation framework choose one or more questions to ask when reviewing your task list or project list for your business. Either put a star next to the tasks which have a “yes” answer to. A more structured approach is to create a list of tasks and projects in an excel document and score them using different columns like the table below. The highest priority tasks are the ones with the highest score. We suggest starting with Revenue x Effort and experiment with other columns depending on the decision.