Sunk Costs: risk, return and irrecoverable costs

There’s a huge difference between gambling and making an investment. Gambling is playing with luck in the hope that things will turn out in your favour. Making an investment is pouring resources into someone or something with the expectation that it will generate a return based on the information you presently have. But some investments we make inevitably end up generating losses. So what do we do?

Polish up your manuscript for publication: the five step process

So, you’ve finished writing your novel. Now what? Perhaps you ask your friends and family to read it. And there’s nothing wrong that. But if your friends are anything like mine, they’re probably not professionals. Some of them may not even read, let alone read for pleasure. Whilst they may have some valuable feedback, I have now come to believe that they should never be the ones you look to for advice.  So where does one go?