I run several online businesses and have an office based team of staff that work across them all. My problem is that I feel I have a lack of focus and direction (due to having multiple businesses) and I'm sure the staff feel confused at times too. All businesses produce an income, but none are doing anything "amazing" or as good as they could. I'm torn; I like having multiple income streams (not reliant on one thing) but at the same time I'm frustrated with lack of progress across them all. What should I do? Get rid of some businesses to clear my head, delegate/structure it better or something else?
I would say you need to delegate/structure better. There is absolutely nothing wrong with creating multiple income streams as long as you can handle the bandwith. I personally feel with the right time management, discipline, and goal setting anyone can be an efficient jack of all trades. Not only would delegating allow your staff to feel more involved it would allow you to attend to more pressing matters in the case where one business may need more focus than another.
Answered 5 years ago
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