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Shotgun or a sniper rifle?

Beginning entrepreneur should

  • shoot for multiple sources of income from the very begining

  • bet everything on one business


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MikeS

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I wonder what is your opinion.
Should a person at the beginning of his entrepreneurial life shoot for multiple sources of income (even combining freelance hustle and business/businesses), or should he put all of his efforts into one business and risk that he will be out of the game if it fails?
 
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TonyStark

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Depends how old you are, and how much wealth of knowledge and experience you have in a particular field.

You could spread yourself out, but eventually you’ll need to stick with 1-2 good ideas.
 
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Longinus

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This.

Just start learning multiple skills I would say: copywriting, coding, selling, cold calling, marketing, ... Keep your eyes open for opportunities and try several things out. See what works for you.
 

ZCP

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You first step is to make $1. Find a way. Quit wasting time thinking about it or analyzing. Make $1.

How will you complete this part by this Tue morning?
 

Ritchie

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I'm not much of a multitasker, so I'm in favour of the sniper rifle. I'd rather do one job good than two jobs okay-ish. I guess there's an exception for dumb labour, something that doesn't distract your mind too much from your goal. I'd be okay delivering mail for example, because it gives me a lot of time to think about my business still while making money to keep myself afloat.
 

Get Right

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Wow, this is a loaded question...ha! It depends on many circumstances but...you can't win at multiple businesses if you haven't learned how to win at 1.

Good luck!
 

MikeS

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You first step is to make $1. Find a way. Quit wasting time thinking about it or analyzing. Make $1.

How will you complete this part by this Tue morning?
Sounds like a challenge. No job, no overthinking, just sales. Let's do it!
 
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