Questions

So I have two business ideas that I am fully committed to starting. One of them is a clothing company that I have been wanting to start for quite sometime now. The other is a online company that I am insanely stoked about trying to start up. The thing is, I am starting the clothing brand with a buddy of mine. So it will be a little easier to focus on both with having someone accompany me while I'm starting the other. I am very young(turning 20) and have a part time job, but just want to see what others think about this. I know internet start ups can be difficult especially with no technical experience, but I'm just so eager to get things started. Thanks for the responses in advance!

For nearly a decade (all of my 20's) I reveled in my ability to juggle multiple businesses at the same time (2 or 3 + consulting). But what I started noticing on the tail end of that was that I was becoming amazing at being mediocre.

What I've found over the past couple of years it that focus is the difference between running a $50,000/year business and a $500,000/year business.

Focus let's you make that good thing great.

Having your hand in many different things can feel like a great way to diversify and mitigate risk, but what will pay off more in the long run is to quickly "prove" which business has a better chance of being successful and then drop the other and move on.

Happy to have a call about what my experience has been over the past 10-12 years of doing just this.


Answered 5 years ago

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