Some people are serial entrepreneurs, proceeding with a philosophy of “try a little bit of everything and hope something works.” While we at The Creating Wealth Show are all in favor of entrepreneurs, there is something to be said for doing one thing and doing it well. Yet time after time we see people diving into unrelated businesses simultaneously, bifurcating energy and effort, reducing effectiveness.
Bill Gates, Warren Buffett, and Donald Trump are all very good at one thing. Yes, after they made a billion or ten they branched out into television or charity ventures out of boredom but you can bet they were focused like a laser while making their first million.