Forums: Discussions for entrepreneurs and small business.

First, welcome!

Second, to answer your last question, "Does it make sense to have a few ideas in progress to see what pans out or focus really hard on one thing?"

Well, it depends upon your personality, drive, work ethic, lifestyle and more.  I think some people can put a lot of eggs in one basket to see which one hatches and others need to focus on just one.

Think of it this way though, what is the likelihood of success for just one thing if your energy is spread throughout several business ideas?  Compare that to the likelihood of success for just one thing if your energy is focused on just the one.  Simply put, your focussed attention on one concept will probably take you farther.

Trust me, enough time and energy goes into building one business that multiplying that is only spreading yourself thin.  Many people run multiple businesses but they sort of have to ramp up to it.  You start small and grow!  My suggestion to you is to focus on one concept.  The good thing for you though, is that you have other ideas to fall back on if that becomes the case.

Also keep in mind that just because you do one thing for a living, that doesn`t mean that you will stop doing the other things you enjoy.  They might not be your bread and butter but you can always do the things you love!

What about developiong a consolidated business idea that joins ALL the various aspects of what you`re passionate about?

It takes time, thought, and imagination, but in almost all cases you`ll usually discover that somewhere at the bottom, there`s a linking "thing" that`s the fountainhead for what appear to be very different activities.

I was a musician for 20 years, then went into retail, selling home electronics. I left that to go into office work, where I learned all about computers. That put me into the IT world. I was sitting at the computer, developing something one afternoon, when it dawned on me that typing at a computer keyboard or playing a piano keyboard---it was basically the same thing.

I began to see that all my life I`ve been involved in communications. I see music as a language, just as putting symbols onto a screen with a keyboard is using a language. Sales is about communicating and defining a product. From there, I decided to be a writer.

Can you do something like this, where you mull over the particular deep-level qualities in all the things you like? If you can find that core fascination, you won`t end up overly scattered by trying to form multiple business. That`s my thinking, anyway. Business is hard enough without trying to form several of them at the same time. :-)

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