The condition is like choosing between the devil and the deep sea. Your expected source of income has experienced a premature death. Your entire saving is now spent. You are searching for the means to finance your needs, but all your efforts are proving futile. Depression, dissatisfaction and discontent have become the order of the day. Do you look for a relief? Do not be worried. Every cloud has a silver lining. You should fight with these tough conditions bravely. UK loan market is flooded with loan options if you have a home to pledge as security.
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With focused effort on creating 2,000 percent solutions (ways of accomplishing 20 times more with the same time, effort, and resources), you can turn those daydreams into everyday results.
The steps for creating a 2,000 percent solution are listed here:
1. Understand the importance of measuring performance.
2. Decide what to measure.
3. Identify the future best practice and measure it.
4. Implement beyond the future best practice.
5. Identify the ideal best practice.
6. Pursue the ideal best practice.
7. Select the right people and provide the right motivation.
8. Repeat the first seven steps.
This article looks at practicing to become more effective in step six.
Think about several ways that you would like to get perfect results with minimal effort. Then select one or more of those opportunities to implement. In making this choice, be sure to evaluate your organization's track record or your personal history for successfully making similar changes and other ways you can reduce risk.
Set Your Sights on the Stars
To select which opportunity or opportunities to pursue, first set an objective for each of your 2,000 percent solutions. Make the objective neither too modest nor too aggressive. Typically, a 20 times improvement is a mere threshold goal. You can probably reach a 40 times improvement with little more effort.
Make sure, too, that you will frequently realize some benefits along the way to your ultimate goal.
With those 2,000 percent solution objectives in mind, identify the best balance of benefits, costs, resources, and time to completion to select the 2,000 percent solution choice or choices you should pursue for approaching an ideal best practice.
Eenie, Meenie, Mynie, Moe
In any quest for the ideal best practice, think of at least four possible ways to reach the goal. When attempting such important breakthroughs, your chances of success are greatly increased by simultaneously pursuing several planning paths. Otherwise, a stumble on one path blocks the whole project.
Studies have also shown that if you design four ways to do something, the final cost will usually be about a third less than if you design only one way. If instead you find eight ways of doing something, costs will come down even more, but only by a maximum of an additional 15 percent. There is a point of diminishing returns on designing alternate plans, but you probably will run out of good ideas before you reach that limit.
I recommend that you begin with and focus on the simplest approaches. This direction will limit false starts and save much time and money.
Benefit Along the Way
Choose to gain benefits every six months or so. These progress results will help keep project participants from becoming bored and those who are funding the project encouraged. What's a reasonable target? In most cases, you should be able to make at least a 10-fold improvement in six months or less. The exceptions come in areas that require extensive software development.
With this approach to targeting regular benefits, you'll keep morale high, everyone will be excited about implementing more improvements, and you'll avoid biting off more than you can chew.
Copyright 2007 Donald W. Mitchell, All Rights Reserved
Both Caitlin Lucy & Donald Mitchell are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.