Opportunity cost

Yesterday I talked about sunk cost. On the other side of sunk costs is opportunity costs. What you choose today reduces what new opportunities you can follow. This can be the big project that isn’t going well that you’ve been working on for three months. By continuing to work on it you might miss the chance of a new interesting project.

What’s important is tou anticipate the sunk costs and opportunity costs of every project. Every project has a difficult part where it seems endless. If we know that going in we can anticipate it. Figure out early if the project is worth pursuing before you’re three months in. When you make the choice to commit to a project really commit. Be prepared to weather the opportunity costs and the hard part when they come around.

This is another useful note to myself. I’m in the middle stretch of a project that’s lasted a long time. Every now and then I think about quitting. There’s a part of me that really wants too. But we’ve committed to seeing it through. So I’m going to buckle down and do it.

I do a post every Friday morning about trying to make indie animation

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