Thursday, February 19, 2009

I am finding it tough to make lots of money by doing minimal amounts of work

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super productive I really wish I knew a way to make a lot of money where I could do minimum amounts of work.  That would be ideal.  If anyone has any ideas, please let me know . . . . .

 

One of the great parts about David Allen’s “Getting Things Done” (GTD) productivity system is that it forced me to break my tasks down into smaller manageable, and more importantly, ACTIONABLE tasks.  Over the last two years it has really help me increase my productivity at work and home and also make me feel like I am in control of my life. 

 

The system has worked well for me in a job where my objectives were reasonably well defined and thus the expectations and tasks were also well defined.  When your objective is less defined (i.e. making a lot of money by doing minimal amounts of work!) it is tough to find clearly defined tasks to accomplish your end goal.  For instance, the obvious first way is to start researching some “concepts” on the web.  Fine.  Now identifying compelling opportunities is very tough because there are a lot of qualitative as well as quantitative measures that you can use and they change on an idea to idea basis.  So, how am I supposed to choose a way to accomplish the overarching goal when I can’t rate the different ideas because they have complex ratings mechanisms that are not even comparable to one another.  The end result is complete and utter standstill . . . . zero productivity (check out the link, how hilarious is this)!

 

Let us say for a moment, that I was able to find something worth trying.  The next step presents an even  bigger problem.  You typically have to do something you have never done before AND spend money dong it.  Now without any sort of income (since I have “left the corporate” so to speak) I can’t bring myself to spend even one cent on a business where I have not already proved the return potential – that means I’m already refining my search to the “getting something for nothing” category which I anyways believe is just not workable. 

 

What I keep hearing from successful, for budding entrepreneurs is that you don’t know what will work until you have tried it – and you have to expect a bit of failure.  You need to learn from your mistakes and TRY OUT your new ideas!  I think I'm just stalling because I’m scared to try new things.  I bet that by the end of March when the prospect of zero-income fully hits me I’ll probably start trying new things in earnest.

1 comment:

  1. Interesting and a very common dilemma among entrepreneurs. I didn't know whether long comments are allowed here. So posted it on my blog (kinda defunct):

    http://letskiss.wordpress.com/2009/02/20/entrepreneurial-dilemma/

    Hope this helps,

    Cheers
    Karthik

    Founder-CEO Real Estate Intelligence ( www.realestateintelligence.in )and three other companies.

    ReplyDelete