2014 Annual Report

by Sky Sister Studio. Average Reading Time: almost 2 minutes.

Decided to switch it up this year. “Instead of blah-blah-ing about the awesome year that was 2014, why not look at what’s happened since the woeful year that was 2008?” (said I.) And why not present it in a new-to-me format: the asset class quilt chart? “…Yes, I think I will.” (said I.) Quick disclaimer – this isn’t a perfect replica of the true nature of the asset quilt chart. True quilt charts measure industry sectors, while this particular piece measures just one story – mine – and adds up to 100% each year since I’m comparing how successfully I acquired certain types project work…and not the overall performance of work in the market (general sense)…all this to say that it’s really just an adaptation.

Quilt Chart_600px

(click to see larger image)

So what have I learned?

1. Success is achieved over time. Even if you’re on the right path, the actual “results” might not be what others deem “worthy” right away. In the financial world, they say all that matters is “the day you buy and the day you sell.” And that’s all people see.

2. The value of “diversity” is a personal measure. What I mean by that is some might say that the different income streams need to be balanced. However, that isn’t always true. 2014 was my least balanced year to date (spending 75% of work hours in just one category), yet it was an excellent year. Will it be that way for 2015? (Who knows?)

3. Diversification is not a guarantee of income or stability. Even if I wanted a “perfect” balance of the types of projects, would that happen in reality? Not always – because all my goals/dreams/decisions still have to go up against market demand. If people aren’t looking to hire someone to work offsite at the moment, then that could throw off my targets for offsite work – and this is something I dealt with in 2014. More opportunities happened to be location-based, so the choice was to accept it or not accept it. Very little can be done about this. So it’s all about planning and pivoting.

SAAP – “Service as a Product”