Things worth pursuing
In all labor there is profit, but talk without action leads only to poverty.
So since everything is profitable, the degree to which something is worth pursuing becomes a spectrum.
Below are notes which I believe came from Naval Ravikant about the reasons to reject or accept work.
- Connections
- Favours (IOU)
- Testimonials
- Referrals
- Friends/Family
- Skill
- Improve existing skill
- Learn a new skill
- Income
- Upfront
- Recurring
- Equity
- Bartering
- Risk
- Reputational damage
- Probability of success
- Leverage
- Labour
- Capital
- Code
- Media
- Network effects
- Reusability
- Is this likely to be reusable for future work?
- Is knowing this likely to help with future work?
- Serendipity
- Are you feeling lucky?
- Impact
- Is this work likely to make someones life a little or a lot better.
- How many people is this likely to impact
- Frontier of Technology
- If its not near the frontier of technology → negative points
- Emotion
- Is working on this likely to drain your energy
- Karma
- Are you doing a good thing for a good person
- Obligations
- Anything that creates a future obligation → negative points
- I need to be able to go to Mars and not need to be contacted.