You must have a solid base -- financial/business -- BEFORE you diversify. And then you must take good care of that base while you dally with other ideas and business pursuits.Found this thread at the perfect time.
The ideas found in this thread hit me differently. I recently (within the last few months) learned a new skill. It’s been proven successful. I’m confident I can continue to build revenue if I focus on getting it in front of the right people.
It’s still early on in my business. I’m thinking about pivoting it a little differently to help people with a very specific problem.
Part of me wants to stick with what’s proven to work. The other part wants to dedicate some time to this new pivot.
What I’ve gleaned from your post is what you said to MTF a couple years ago:
“No!!!! That is the right thing to do. Build off of what you know.
You would still be working within your field of expertise.
I should clarify as well that there is nothing wrong with making changes and adjustments. Especially early on while trying to find a niche
If you are going to sell information, then understand the market and go after it”
You also said:
“My contention is not to stick with an unsuccessful path. It is to find one with potential, build your skills, and capitalize on it.”
Thank you for clarifying this point.
Many people shoot themselves in the foot by diluting their resources and efforts by chasing other ideas and side issues too early in the process. Creating a business takes everything a person has to give. It's a 24/7 quest.
Or they become a success and feel that they no longer need to take care of their businesses. They are too busy spending the money and showing off. That's when they throw away their spouse and marry the office bimbo. Or buy a huge boat or a plane. I've watched a bunch of them lose everything and go broke. Then it's start-over time.