Our life is filled with projects. We invest time, effort or money, and perhaps we get a result.
It’s useful to have a portfolio of projects, because not all of them are going to work.
The 2 x 2 grid looks like this:
It might be simple, but it’s not always easy. Success doesn’t always mean money, it just means that you got what you were hoping for. And while every project fits into one of the four quadrants, there’s no right answer for any given person or any given moment..
Here are some of the traps that are worth avoiding:
- All your eggs are in a low-chance basket. You’re taking a wild gamble, and it’s your dream. And you want a shortcut. The problem, of course, is that this isn’t a resilient long-term plan. Someone has to win the lottery tomorrow, but alas, that doesn’t mean it’s going to be you.
- You’re hoping to come out ahead by doing something that depends on scarcity, but you’re doing it in the top right quadrant. The problem is, so is everyone else. All of a sudden, your odds just went down. It’s easy to start an Insta account, but once everyone does it, the chances of becoming a top .01% traffic generating influencer are close to zero.
- You focus on only high-probability, low-value successes, even if the outcomes are not really worth your time. Getting a $3 an hour gig on a freelance site is easy, but it might not be worth it.
On the other hand, consider a portfolio of projects. Some of them have a very high likelihood of working out, and each one of these outcomes is pleasant, if not game-changing. Play often enough, though, and your persistent generosity will pay off.
And then, mix into that some of the moonshot projects that most people are afraid to take on. They’re afraid because they have equated “low chance of success” with “risky.” They’re not the same. Risky implies that failure will cost a lot. It won’t. You can thrive with this strategy because you have a portfolio, and because you realize that “unlikely” is not the same as “not worth trying.”
The best portfolios are persistent (because patience is a rare skill), they’re generous (so others root for you to succeed) and they build on each other (because then, even the ones that don’t work increase your chances for the next one to work out).
Here’s to a new year filled with possibility.
Certified StoryBrand Guide
Profit First Professional and Guide
For almost 25 years Mary Fisk-Taylor has owned a portrait and wedding business with her business partner, Jamie Hayes in Richmond, Virginia. Hayes & Fisk Photography is one of the most sought-after Portrait and Wedding studios in their industry. Mary and Jamie are both incredibly committed to preserving family legacies, professionally capturing and printing portrait and milestone memories.They both believe that these fleeting need to be proudly displayed in family’s homes, not living digitally on phones, computers and modern technology. Mary also partners with her Mom and sister in a boutique volume and high school senior portrait studio that caters to local private schools and stresses both excellence in hometown and local client service and technical proficiency in the art of photography.
Mary was very pleased and honored to have received her Master of Photography, Craftsmen of Photography and Certification of Professional Photography in just three short years. Mary has been named Photographer of the Year in 2007 and has won Best Wedding Album of the Year in Virginia several times. Nationally she has had her prints and albums recognized as Grand Imaging Award finalists.Mary is also a recipient of the prestigious Virginia Award, which honors photographers for their commitment and dedication to their state association, and the business of professional photography. And, in 2012 she was awarded the PPA Charities Legacy Award for her work and dedication to the philanthropic arm of PPA. In 2014 Mary was awarded the Charles H. (Bud) Haynes Award for her distinguished service to PPA and its members and for encouraging business awareness and practices in the field of professional image-making. And in 2015 Mary was honored to receive the National Award from the Southeastern Professional Photographers Association for her commitment and dedication to Professional Photography and has gone on to receive two more National Awards from other affiliates. Mary has also taught and lectured all of the United States, as well as the Philippines, Korea, Canada, Mexico and Italy and most recently South Africa.
Mary is of course most proud of her two beautiful children, Alexandra and Jackson. Her husband, Daryl, and she enjoys the flexibility and joy that owning a profitable photography studio has allowed their family. Mary currently serves on the Executive Committee of the PPA Board of Directors, is a proud member of the Society of XXV, and is a past President of the PPA Board of Charities. She holds offices and board positions for her state professional photography affiliate, Virginia PPA and serves on several philanthropic and local boards.She is extremely active with Operation Smile International and has served as a staff photographer for several events and missions. At the age of 42 Mary was named one of Virginia’s Top 40 under 40 for her leadership in the community, volunteer and charity work and her business savvy.
https://www.maryfisktaylor.com
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Mary Fisk-Taylor
Mary Fisk-Taylor, MBA, M. Photog., Cr., EA- ASP, CPP, ABI, API Certified StoryBrand Guide Profit First Professional and Guide For almost 25 years Mary Fisk-Taylor has owned a portrait and wedding business with her business partner, Jamie Hayes in Richmond, Virginia. Hayes & Fisk Photography is one of the most sought-after Portrait and Wedding studios in their industry. Mary and Jamie are both incredibly committed to preserving family legacies, professionally capturing and printing portrait and milestone memories. They both believe that these fleeting need to be proudly displayed in family’s homes, not living digitally on phones, computers and modern technology. Mary also partners with her Mom and sister in a boutique volume and high school senior portrait studio that caters to local private schools and stresses both excellence in hometown and local client service and technical proficiency in the art of photography. Mary was very pleased and honored to have received her Master of Photography, Craftsmen of Photography and Certification of Professional Photography in just three short years. Mary has been named Photographer of the Year in 2007 and has won Best Wedding Album of the Year in Virginia several times. Nationally she has had her prints and albums recognized as Grand Imaging Award finalists. Mary is also a recipient of the prestigious Virginia Award, which honors photographers for their commitment and dedication to their state association, and the business of professional photography. And, in 2012 she was awarded the PPA Charities Legacy Award for her work and dedication to the philanthropic arm of PPA. In 2014 Mary was awarded the Charles H. (Bud) Haynes Award for her distinguished service to PPA and its members and for encouraging business awareness and practices in the field of professional image-making. And in 2015 Mary was honored to receive the National Award from the Southeastern Professional Photographers Association for her commitment and dedication to Professional Photography and has gone on to receive two more National Awards from other affiliates. Mary has also taught and lectured all of the United States, as well as the Philippines, Korea, Canada, Mexico and Italy and most recently South Africa. Mary is of course most proud of her two beautiful children, Alexandra and Jackson. Her husband, Daryl, and she enjoys the flexibility and joy that owning a profitable photography studio has allowed their family. Mary currently serves on the Executive Committee of the PPA Board of Directors, is a proud member of the Society of XXV, and is a past President of the PPA Board of Charities. She holds offices and board positions for her state professional photography affiliate, Virginia PPA and serves on several philanthropic and local boards. She is extremely active with Operation Smile International and has served as a staff photographer for several events and missions. At the age of 42 Mary was named one of Virginia’s Top 40 under 40 for her leadership in the community, volunteer and charity work and her business savvy. https://www.maryfisktaylor.com
