Master the RICE (Reach, Impact, Confidence, Effort) prioritization framework to help your startup make better decisions on which projects to tackle first and optimize your resources! 🎯
🌟 "The secret of success is constancy of purpose." - Benjamin Disraeli.
Step 1: Reach - Target the Crowd 🌍
Estimate how many people your project will impact over a specific period. Focus on projects that have the potential to reach a larger audience, maximizing your startup's growth potential.
Step 2: Impact - Maximize Results 💥
Assess the potential impact of each project on your target audience. Consider the degree of change it will bring, from minimal to massive, and prioritize projects with higher potential for positive outcomes.
Step 3: Confidence - Trust Your Estimates 🤔
Evaluate your confidence level in the Reach and Impact estimates. Aim for projects with more reliable data and higher confidence levels to minimize risks and uncertainties.
Step 4: Effort - Work Smarter, Not Harder 🛠️
Estimate the amount of work each project requires, taking into account time, resources, and team members' skills. Prioritize projects with lower effort scores to achieve quick wins and maintain momentum.
Lessons learned:
🔸 Target projects with a wide reach for maximum growth 🌍
🔸 Prioritize high-impact projects for better outcomes 💥
🔸 Trust in data-driven decision-making 📊
🔸 Optimize efforts to work smarter, not harder 🛠️
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