THE POWER OF FOCUS IN ORGANISED FEW PORTFOLIO
Though the principle of diversification is important.
No one knows tomorrow. That is the reason why a lot of people
believe in the principle of diversification.
But do not be carried away by this principle in your business.
If diversification increases success.
Why is it that top companies are those that specialize in a
particular industry not in a different sector?
Companies that are successful specialize in related areas.
So, focus on a few niche and related areas because effectiveness
and efficiency which affects your cost, profit and revenue.
RISE THROUGH A NICHE
Growing a profitable business in a world of competition is a
difficult one.
Area of strength and power which is in demand and where there
is a potential scarcity should be an area of success.
Few only focuses on a singular niche which may be good during
start up.
Understanding that no single venture exists in Isolation to others
is important.
Focusing on a single portfolio of related business should be
emphasized. It should involve a focus area that is connected.
For example, a tax consultant can focus on tax consulting and tax
software or any related area like accounting software.
THE POWER OF CONSISTENT LITTLE MOVE
The power of taking little steps consistently.
Taking massive steps in a particular point of time is always very
difficult and not practical.
But taking little steps as an entrepreneur may seem insignificant
but can accumulate to massive results.
You have heard that a drop of water makes an ocean. This is true
for an entrepreneur.
Though it is always good working on a target.
Achieving a goal through consistent little steps in the right
direction can lead to massive results.
Most entrepreneurs want to achieve massive results in a short
time. This always leads to disappointment.
For example, some fruits have a growth time frame.
Likewise, businesses need time to grow.
Disclaimer: Obi Azubuike is not by this publication(or post) acting as a professional advisers and therefore not liable for any damage whatsoever for your acting or refraining to act based on this publication(post). Consult your professional for advice.