Dedication of Entrepreneurs VS Work Availability
Evaluate the Dedication that project will take to complete and weigh it against your Availability for the scope of that project. Let me clarify:
How is dedication measured?
- Time – This is by far the most overlooked resource. Why? Several reasons for this. We often overlook time beyond the direct work hours. We forget about research and analysis, concept development, testing, and even paperwork. The known variables of a project. But there are also the unknown things that we don’t account fornicate projects. Client interference, accidents, and issues with resources are part of it. Muphy’s Law – Anything that can go wrong, will go wrong. And lastly, gathering resources.
- Resources – Part of weighing dedication is resources. Do you have the extra materials, required consumables, and even manpower to dedicate to another project? The finances too. Sadly everything in business costs money. The costs vary, but you have to spend money to make money.
- Space – Do you have the space to create a finished product for your customer? The could be storefront space; work shed space or even cyberspace with modern technology.
How is availability measured?
- Time – the total/maximum amount of time you can devote to a project.
- Resources – the total/maximum amount of resources you have to devote to a project.
- Space – how much room you have complete the project.
How do we use our dedication weight and measured availability to determine if we should take on more work?
- Total time/hours available – New project’s estimated hours = X
- if “X” is negative you shouldn’t take the project. This first calculation hardest because you can’t add more time. You have to reduce the time from something else, causing that event/project to suffer.
- (Total resources in hand + Resources provided client) – resources used for project = X
- if “X” is negative you shouldn’t take the project unless the client will continually supply Resources. Monetary value is the easiest measurable unit because as I stated before, everything cost money. So like anything you do it the same way. How much do I have – what it’s all going to cost = X. this helps keep you from losing money on a project.
- Total space available – Space need for project = X
- if “X” is negative you shouldn’t take the project unless the client supplies Space. Client supplied space is a place to work or even hosting space.