The "Decisional Balance Sheet" is an important concept in the field of decision-making and self-management. This method offers a structured approach to complex decisions in which various options and factors have to be taken into account.

Essentially, the decision balance sheet is a kind of pros and cons analysis that carefully weighs up the pros and cons of a decision. This enables individuals to make an informed decision that is in line with their goals and values.

To create a decision balance sheet, start by clearly defining your decision. What is the exact goal of your decision? What options are available to you? Once you have determined this, you can proceed with identifying the pros and cons of each option.

It is important to consider all relevant factors. This includes financial considerations, emotional impact, time commitments and personal values. Think about how each option could affect your long-term goals and interests.

Another important aspect of the decision balance is the weighting of the various factors. Not all advantages and disadvantages have the same weight. Some may be more important than others. This is where your personal preference and prioritisation come into play.

Once you have collected all the relevant information, you can draw up the decision balance sheet. This can be in the form of a table, a list or simply in written form. Make sure that you present all the advantages and disadvantages clearly and concisely.

Finally, it is advisable to conclude the decision-making process by reflecting on your own values and goals. Is the decision you have made in line with your long-term vision? Do you feel comfortable with the compromises you may have made?

The life cycle assessment is an extremely useful method for making decisions in a structured and rational way. It can be applied in various areas of life, be it professional decisions, financial investments or personal matters. By weighing up the pros and cons and considering your own values, you can make better decisions that promote your long-term success and well-being.