There are probably dozens of projects left over from last year. It’s time to dump the projects that aren’t going to pan out and put those resources into other projects that will meet company goals.

Too often, leaders will hold on to old projects because they’ve become attached too them and believe that they can succeed. However, this keeps valuable resources on the project and can hurt moral and profits down the road.

Successful leaders are the ones that can eliminate dead projects and focus on new ones by reorganizing resources.