January 8th, 2009 by Nathan Kaiser
I had a great conversation with an entrepreneur yesterday. He definitely has grande plans, though his plans included a number of different initiatives. My simple advice to him was to focus on one opportunity and to go from there.
With capital being tight and the economy slowing down, it pays to refocus your priorities on one opportunity. Otherwise, you could be spinning your wheels trying to move too many things forward and not making any significant progress on any of them.
Entrepreneurs are idea generators, but it is the successful entrepreneurs that focus on one thing and one thing only.
January 8th, 2009 at 11:58 am
Nathan - totally agree. I’m certainly seeing that in the capital markets as well. While different avenues may present potential long term benefit to a Company, they will likely be viewed (by VCs/angels/funding sources) as a distraction from a core, revenue generating competency, and disrupting near term value and success