I often ask myself this question because I am not quite sure what the answer would be in my case. I use the 80:20 rule to give all my attention to getting something going and whereas I used to try and getting things 100% right, I long ago realised its better get the main stuff done, and move on, rather than spend more time to get something to that often mystical 100% figure. Not only will that 100% elude you as more things to fix or improve crop up, you’ll also find that getting things perfect doesn’t add as much additional value as you thought it would.
Can this concept be applied to working on several big projects, which may become businesses in their own right, or would 100% focus on just one yield the best results? I think I could strongly argue each side of that debate but in my own personal case, I think its more about playing to my strengths and mitigating against my weaknesses – yes I do have some even though I hate to admit it.
I get bored easily. That is a fact and has been the case since high school. I could be deep in textbooks but an offer to do something else would have me shutting those books in no time. And that wasn’t just because I wanted to play more than work. It was equally true if a friend wanted help with some other school work.
I think this is the reason I am working on several things at the same time, most not at all related. I have the minicab business, Memfy, a cheap article writing service and a at least 3 others which are in various stages of getting started. Not to mention spread betting and property investment.
Back when I was doing the old 9-5, I, like many of my colleagues, had multiple unrelated responsibilities and this didn’t seem to feel like too much to be able to give each ones its due attention, so why can’t the same be true in business?
Even so, I regularly question the wisdom of working in this way, which is healthy, and so far, I am able to manage my time to work on each business quite well.
Many entrepreneurs and other business people may find that they are asking themselves this same question, so my advice to those people would be to be honest to yourself about what is working and what isn’t. Take stock, adapt and move on. In this case, adapt may mean dropping things or becoming more disciplined in your weekly time management. Either way, believe in yourself to make the right decisions and follow them through.
Related articles
- Positive results continue (leadingroute.com)
- 50 Ways To Get More Done Today – What’s up at Producteev? (producteev.com)
- The 80/20 Rule (averagegents.com)
Latest posts by Anand (see all)
- Are you sure your home is not on the market for sale? - February 5, 2017
- How We Fail Charities - February 3, 2017
- The simple trick that helps me stay away from my smartphone - January 2, 2017