The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

Focus only on one thing or more at the same time?

Taktik

Aut viam inveniam aut faciam.
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Oct 15, 2018
47
40
110
A while ago I read "How to be a capitalist without any capital" from Nathan Latka and there was one thing, that stuck with me.

In the book he suggests, that one should always have three projects at the same time: one main project and two side projects with a 80-10-10 time split.

As soon as one project is running, he then suggests to put it on autopilot and start a new project, so that you always have three. If one project is not working, you stop it and start something new. With this tactic he is going for many small wins, instead of one big one.

The projects you work on should ideally have some overlaps, so that there is a chance of mulitplying the impact.

He argues that that way you can circumvent a single point of failure and at the same time maximise the two most important factors for success: timing and luck. He goes on to say, that with this rule you can test ideas fast.

I am interested, what you think of that? Is it really a good idea to have multiple projects at the same time?
 

Become a Fastlane INSIDER to view the forum ad free.

MTF

Never give up
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 1, 2011
2,642
12,532
2,804
Find one thing that works and double down on it. Spreading yourself thin is a waste of your resources.

 

eliquid

( Jason Brown )
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
May 29, 2013
1,396
6,646
1,496
Louisville - Kentucky
www.serpwoo.com
OP, this is what I do.

But like @NursingTn said, some can pull this off and others can't.

I only keep 1 side project though and it is always in the same niche as my main project to make things easier and faster and less distracting.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Post New Topic

Please SEARCH before posting.
Please select the BEST category.

Post new topic

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom