A simple decision balance sheet  helps a group think through the pros and cons of various decision-making options.

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Step by step:

1. Define the decision: Clarify the decision that needs to be made, and identify the available options.

2. Create the balance sheet: Draw a table or use a flip chart to create a two-column balance sheet. Label one column "pros" (positives) and the other "cons" (negatives).

3. Build the two lists: Brainstorm and list all the potential pros and cons associated with each option. Consider factors such as benefits, advantages, drawbacks, risks, and disadvantages.

4. Discuss and clarify: Go through all the points. Discuss as needed to ensure a shared understanding.

5. Evaluate the impact: Discuss the potential impact of each pro and con on the overall decision. Consider short-term and long-term consequences. (Optional: If certain pros or cons carry more significance, consider giving numerical weights to all the brainstormed items to reflect their relative importance. A scale of 1 to 5 usually works well.)

6. Review all the findings: Compare the overall balance between positive and negative factors. Encourage group members to discuss their perspectives and reach a consensus.

7. Put the findings to work: Use the insights to inform the group's decision-making process. Very often, a thorough look at pros and cons will effectively reveal the most favorable way forward.

Here are tips for using this tool in an online meeting: • Use a screen-shared document to list pros and cons. • Go person to person to ensure input from everyone. • Don't rush this; make sure all pros and cons are shared.