Mike Michalowicz breaks down the 10-10-10 decision method: evaluate choices across three time horizons (10 minutes, 10 months, 10 years) to avoid gut-driven decisions you'll regret. He walks through buying office furniture and giving bonuses to show how short-term excitement can clash with long-term impact.
Welcome to On a Roll. And now here's your host, Mike Michalowicz. Is that incredible intro music? It sure is. Welcome to another episode of On a Roll. I'm your host, Mike Michalowicz. And it's been like two or three Easley days since you saw the last video. Well, in this new one, I want to start off by first thanking my awesome premier quality corporate partners. American Express, Dex One Dex Digital, Skype, Provendus Group. I said Skype already. Right? And Skype's the newest by the way. So thank you guys at Skype for joining us and thank you for supporting entrepreneurs. Alright, so let's get right to our tip. It's called the 10-10-10 decision method. You know when you're making a decision, often you go with your gut instinct, you and then it burns you later on. It's probably because you haven't applied the 10-10-10 decision method. And this is how you do it. Whatever the decision is, think about one of the actions that could result of it. I'm thinking about buying new office furniture for my entire office. Okay, if I was to buy new office furniture for the entire office, what would I feel like in the next 10 minutes? I feel good, we upgraded the space. But then how would I feel in the next 10 months? And, and then the next 10 years? Well, in 10 months I may see a little lower profitability. In 10 years, maybe I won't even remember. And when you look at it in three installments, you can make a much more educated decision. It's going to hit the numbers this year. In 10 years it may be boosting morale and be a good thing and immediately people are going to be excited. Maybe it's a decision to go with, but other decisions that you think are great in the moment, like I'm going to give a bonus to all the people in the office. When you look at it 10 months from now. Oh my God. We don't have enough money to even cover that. It's going to hurt us. In 10 years from now, no one's even going to remember this. Flash bonus. Maybe you'll instead have a company party. Start using the 10-10-10 decision method for every decision you got to make. That simple. Thanks for watching On a Roll. Thank you, Skype.
