Many entrepreneurs will tell others they “have ADD” or have a “slight case of attention-deficit disorder”.
But most don’t: they’re just scattered. They’re trying to multitask instead of focusing. They’re unclear on what to do next in their business. They love starting things, but not finishing; they’re usually juggling a dozen things in their head at once; their workday is incredibly long, but they rarely finish everything.
Starting your own company often means wearing many hats and mastering a wide array of skills. When I founded my first business, a gym, I had to be adept at various tasks from entering daily sales to ensuring a clean and welcoming environment for my clients. While I considered myself an A-level trainer, my skills in other areas, like bookkeeping and cleaning, were decidedly less polished. I quickly learned that entrepreneurship demands generalist abilities—you can’t just be an expert at your service, whether it’s personal training, hair styling, or driving a cab; you need to have a competent understanding of all aspects of the business.
However, as the business expands and staff are brought on board, a shift occurs. You’re no longer looking for jack-of-all-trades. Instead, you seek out specialists—individuals who excel in a singular field. This is evident in any large company, where specialists are often employed by generalists. The key is understanding when to bring in these specialists to fill roles you are less adept at handling.
What do you do when your system crashes, or gets really slow, or spins around when doing normal tasks? You reboot it. You clear the memory and start from scratch. When you reboot a computer, you shut down all the
You’re busy. You probably work a longer day than anyone else you know. You probably start early and finish late. And every minute is packed: you hit the ground running and don’t stop until bedtime. So why don’t you feel
“I believe entrepreneurship and business development are key for Indigenous individuals, like myself, and communities, to escape situations of poverty and become sustainable, independent and positive contributors to the overall greater good while reclaiming our economic independence within the local,
I own the largest mentorship practice in the world for gym owners. There are over 900 gyms currently in the program, each with their own 1:1 mentor. The mentors are trained, drilled, tested and taught nonstop. They’re quizzed on our
In his book, “Good to Great”, Jim Collins shares 6 big ideas that great companies have in common.
The unifying theme of the companies in his book is that they didn’t start out great, but became great when they acted on these big ideas.
One of the biggest is the “hedgehog concept”, which is a strategy of focusing hard on the thing you can do better than anyone else, and repeating it over and over.
If you’re a CEO or business owner, you might feel that you have to be more charismatic; louder; or more motivational. As my company grew, I felt that I needed to become a larger inspirational “presence” to my team and my clients. But, as Jim Collins discovered in his six-year study of companies that last, this isn’t true.
Entrepreneurs spend most of their time looking for the next problem to solve. They live in “the gap”.
This is often good for business, but bad for the entrepreneur.
Here’s how to build the habit of living in “The Gain”.