March 6, 2008

What Is Leaving That Project Unfinished Costing You?

How many projects do you have that you've started with grand goals but then let slide as newer, more exciting things came up? Websites, ebooks, autoresponder series, or whatever else you might be working on.

If you're anything like me, you've probably got a few of them. It's just too easy to get tired of the monotonous, boring stuff that needs to be done to actually get a project finished. Especially when you get an idea for a new one that just sounds so darn interesting.

Have you ever thought about what it's costing you by NOT finishing those things?

If you have a goal to make a certain amount from a given product or website - let's say $10 a day - not finishing the project is actually costing you that amount.

It's pretty much the same as if you were ripping up a $10 bill every day.

Does that make you any more anxious to get those projects done?

I read an interesting article on NPR this morning about putting your money where your girth is. It's basically talking about how fear of loss can have a stronger effect on people than potential gains.

Why not try using this to motivate yourself to get those unfinished projects done?

Set up a spreadsheet with the target goals for each project. Enter the amount you earned from the project every day (a big zero if you aren't finished it!) and see how much it's costing you over the period of weeks, months and (hopefully not) years.

Better yet, use the formatting function in your spreadsheet software to highlight any zeroes and negative numbers in red. If you keep the spreadsheet up to date, it won't take long before all those red losses are going to make you think it's time to get those projects finished and into the black.

Filed under How To's by John

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