Hey, it's Dan here and I had a disturbing conversation the other day that I wanted
to share with you. I was talking to a hopeful entrepreneur and they shared
with me what they'd been doing to try to succeed and they were trying three
different businesses. What was more disturbing than the fact that they were
trying to start three different businesses at once was that they were
also a full time pharmacist and that another coach because I sure as hell
would never goodbye is this actually told them this was a wise strategy this
is probably the single stupidest thing you can do as an entrepreneur and I
shouldn't use the word stupid because I've been in this position before as
well we all start off we're keen we have 20 different things we want to do but
this approach to entrepreneurship will guarantee that you fail and here's why
let's just look at the basic math of it okay if you have a full-time job let's
take away 40 hours of your week no we're not including your commute we're not
including you know being tired at the end of the day everything else let's
just zap out 40 hours though leaves you with say 30 hours in theory that you
could still work during that week it's probably unlikely you do because you're
tired and you're frustrated with your day job and everything else but let's
say you have 30 hours till we've got 30 hours to build your business to the
point where it replaces your professional income so that's 50
thousand a hundred thousand dollars a year you're trying to get to now take
that 30 hours and now we chopped it up three ways we've got three different
businesses so now you have 10 hours per week per business and this is being very
generous with energy with ability to focus with commutes everything else but
say you still have 10 hours cool so what kind of business are you trying to grow
maybe it's an e-commerce store maybe it's an app maybe it's like a YouTube
channel or maybe it's a service business ok cool so you've got 10 hours a week
where you're likely tired and scatterbrain because you have your two
other businesses in your day job and now you're trying to compete because
remember we live in a capitalist world at least most of us hopefully you live
somewhere that capitalist has the freedom to let whoever is better succeed
and whoever is not good to fail so you're trying to be good and not fail
and the capitalist and to grow your business and then replace your income
work for yourself have all this freedom all this good stuff here's the problem
you're trying to fight with ten hours a week against other people who are
putting in 70 hours a week I don't care how good you are how smart you are how
many books you've read whatever it is there's no way 10 hours of you is going
to beat 70 focused hours of someone else it's not just someone else though it's
the entire rest of the market now of course you don't have to beat everyone
there's room for lots of competition in business but ultimately you're taking a
small bit of yourself bit of yourself where you're likely unfocused you're
likely tired and then you're trying to compete with everyone else who is
focused and going all-in it's never gonna happen listen I did another video
on this topic I'm gonna link to it's like 30 35 minutes long it gets into it
in a lot more detail but the simple fact of the matter is is if you do not focus
on one thing you will not succeed because ultimately you will not have the
energy you will not have the focus the thoughts see the thing is that when
you're just doing one thing one of the reasons that you get so much momentum
and so many results is the time you're not working you're also thinking about
it you know before bed when you're at the gym when you're talking to your
friends you're thinking about this one goal that's one thing you want to do and
it's really powerful and your unconscious is working in the background
solving problems thinking up new strategies this life show I'm doing you
know when I thought of that 3 a.m. on a Tuesday night I woke up saying I should
do a live show on you - and I just started you know I wrote it
down somewhere saved it in the morning and the morning I thought of it again
I'm gonna do a live show that I literally woke up with this idea planted
right that happens because I'm focused in one direction and that sort of set
your unconscious to work when you're dreaming when you're sleeping when
you're doing other stuff that does not happen when you're doing four different
things when you have a full-time job a part-time job three different businesses
going on it just cannot happen so if you want to succeed you need to pick
something and focus on it and probably knowing some of you wonderful enfps INFP
is part of that problem is figuring out where to focus right so yeah okay cool
but I don't know what to focus on I want to do all these different things you
have this fear of missing out here's what I found and what really helped me
make this change this is maybe we're all reward everyone is sticking around
towards the end of the video here is at some point I realized that by being
afraid to say no to things and having this fear of missing out so wanting to
do everything actually was doing nothing and I was gonna become a loser that by
trying to do lots of different businesses or lots of different things
because I didn't want to just focus in one area that ultimately meant that
nothing I was doing was gonna be of that much quality and was gonna get anywhere
so keep that in mind you might tell yourself that by doing three things at
once you're not missing opportunity that you don't have to say no to anything the
reality is when you don't say no to anything you're actually just saying no
to everything and you're not going to achieve anything because you're
spreading yourself way too thin and it's not that you're lazy it's not that
you're you know unintelligent or you know I'm creative or anything else
you're probably really smart and creative and hard-working problem is
when you spread out all that awesomeness you have over a bunch of different
things you screwed yourself before you've even started you've lost the race
and so you've got to focus on thing what that one thing is maybe in
some other videos that can help you figure that out maybe somehow go for a
long walk on the beach take some psychedelics do whatever you need to do
to figure out what that one thing is but figure out that one thing focus on
it and honestly even if you're not sure I talked about this in the other video
really do watch this video if this topic hits home for you so about 30 minutes
it's a game-changer I think if you're 70 percent sure go for it try it out you
don't have to be a hundred percent sure that this is your life path in your
destiny you're a lot better off picking one thing trying it out for six months
or a year learning a lot about yourself and then go on to the next thing and
then after that go to the next thing you don't have to start from you know this
perfect position everything you do every set you take you'll learn more about
yourself and that will give you more insights to help you make a better
choice the next time so if I leave you with anything here it's focus and take
action and you will be blown away at the results you get when you focus all that
energy all that awesomeness you have in just one direction thanks for watching
if you have not yet subscribed to the channel if you're new this first time
you're coming across me subscribe to the channel I publish new videos every week
at least twice a week on entrepreneurship on psychology on
freedom location independence all types of cool stuff so thanks for watching
catch in the next one soon ciao
you
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