RSS at Feed BurnerTossing an idea out the window
The GoBigNetwork had an interesting post today about bailing on at least one of your ideas. Coming up with new ideas and taking the initiative to carry them out is hugely important in whatever it is that you are doing. The post claims it is equally important to bail on certain ideas.
This could be for an idea that you feel is good, but if you actually thought about it and were able to carry it through, it would not likely result in a large rewards. I think this concept has merit, especially because you never want to get spread too thin. You should focus on the things that are the most valuable to you. If you are 100% dedicated to something compared to trying to go after 2 things at 80%, the 100% dedication will likely increase your chances for success, even though you are less diversified.
This definitely does not mean you shouldn’t go after new ideas or new concepts. Trying new ideas is of extreme importance and is required to achieve success. And even going after an idea that turns out to be bad may not necessarily be a negative because you are likely to learn something or may even find a new niche as a result. But you do need to be mindful of how you dedicate your limited resources.