The toughest thing an entrepreneur has to do is admit a company or a product is a failure and move on. But the longer you work on something that's not working, the more time you lose that could be spent working on a success. Last week we talked about how to determine which projects are worth working on [3]. This week's episode of Work Smart covers part 2 of inventor Bryan Serven's question: what are the early signs it's time to end a project?

Once more author of Do More Great Work [4] Michael Bungay Stanier [5] weighs in with his advice for diversifying your portfolio of projects.

Here is the Popplet mind map used in today's episode:

For Part 1 of this question and to know which projects are worth working on, click here [3]. To print this mind map, click here [6] (PDF file).

Special thanks to Michael Bungay Stanier [4] of Box of Crayons [7] and Bryan Serven of MakerWorks [8] for appearing in this episode, and to Popplet [9]. You can download Popplet for the iPad [10].