Tuesday, 2 February 2010

Replace dead-end projects by workable plans (Part 2 of 3)

Although there is no foolproof formula for identifying dead-end projects, experience provides us with effective guidelines. The sooner we recognize a losing pattern, the faster we can correct it or escape it. The following eight questions can help establish if a project is worth pursuing or not.

[1] Does it create assets or liabilities? Valuable undertakings provide the foundation for a better future; detrimental activities destroy resources. The worst sort of ventures are those that create permanent liabilities. Never embark yourself on an enterprise that requires you to make disproportionate commitments.

[2] Does it involve dealing with nice people or unpleasant individuals? Dead-end projects attract bitter persons who relish in sharing their misery. Enterprises that possess a culture of aggressiveness hire workers who are nasty and mean. Those environments are not conductive to success; seek out kind people and do your best to avoid the rest.

[3] Is your project inspired by reason or by prejudice? Rigid preconceptions constitute a disadvantage in the age of globalisation and internet. Prejudice cannot provide a sound basis for cooperation and friendship. Avoid projects based on cultural bias; instead, choose activities inspired by reason.

[4] Does it develop valuable skills or is it just a hobby? The best games make us acquire useful habits and think for ourselves; similarly, the best sports improve our overall physical condition. In contrast, dead-end activities have restrained scopes with no wider application; they are doomed to remain hobbies forever.

To be continued in Part 3

[Text: http://johnvespasian.blogspot.com]

[Image by Per Ola Wiberg under Creative Commons Attribution License. See the license terms under http://creativecommons.org/licenses/by/3.0/us]