Philippians 4:7 says that I will give you a peace that surpasses all understanding. Leaders that I’m working with often ask me how they should go about determining which opportunities and deals they should pursue, and which ones to avoid, both on a personal and professional level.

I certainly can’t speak for everyone, and I’m not trying to tell you what’s right for you; I just want to share some of my own personal guidelines when making these kinds of decisions. Here are four points for your consideration.

First, maintaining life balance. It’s critical to pursue a balanced life between your personal and business endeavors. Like Jesus, we should strive for balance mentally, physically, spiritually, and of course, relationally.

Number two: Do what you’re passionate about. It’s very important that you only pursue those opportunities where your strengths and passions align. For me, I will continue to work in the speaking, training, and coaching industry. It’s where my passion and giftings are. I want to pursue only those things that truly interest and excite me, and you should, too.

Number three: Play within your strengths. In terms of your business endeavors, I encourage you, only be engaged in pursuits where there’s a significant need for your core competencies and gifts. In the business dealings where I’ve failed, it was because I got involved with something that I neither understood, or that I didn’t really bring unique talents to the table. And finally, number four: Partner with the right people. In terms of who you go into a business dealing with, reputation and character are the most important things. I was once told that it’s better to be in a bad deal with good people than a great deal with bad people.

My personal test on who I will do business with is this: how would I feel about this person being in my home with my wife and children if I’m not there? If I wouldn’t trust them to that level, I’m not going to go into business with them. When deciding which opportunities to pursue, if you will focus on the above four principles, you will be applying the truth at work.