#5. Investment Decisions🛠️

Key Questions ❓

1. What money do you want to spend?
2. What resources do you need to achieve your goals and execute on your initiatives?
3. Which hires do you make and by when?
4. What should I spend on and when?

Objective 🎯

Using where you want to go, and how you want to get there, it’s time to map out the resourcing required.

With your completed Company bets template.

Within each function, identify where you will:

1️⃣ Double down

2️⃣ Level up

3️⃣ Start/Invest

From there, you’ll likely need to discuss hiring/spending/investing to increase your C (Confidence) that you or your team can achieve the goals.

You’ll want to answer questions like what do we need? when do we need it? how many do we need?

So after you have the drafts, what happens? Usually for me as soon as I've done all 5 steps, I start adjusting all of them. They each interact with each other.

Some examples:

1. Each of my goals require 3 new headcount. When I roll that up to a financial plan, the margins look lower than I want. This forces me to prioritize and pick only 2 goals instead of 3.
2. Looking at my financial plan, I realize if I lose a certain person, a major metric is at risk. So I think about hiring a second person there.