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Should You Focus or Diversify and How?
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All right. Welcome back to the Daily Mastermind, George Wright III here with your daily dose of inspiration, motivation, and education. We got the middle of the week, so I hope you're having a good week and things are off to a good start. Today I wanna talk to you a little bit about this concept of focus.
And as entrepreneurs, I know a lot of us struggle between finding new opportunities and pursuing new business and ideas. That shiny object syndrome and finding focus to drive success and results in your life. So before I get started with that, I want to go through the quote of the day, the quote of the day in the Daily Mastermind mobile app is by Napoleon, and it says, A leader is a dealer in hope.
A leader is a dealer in Hope. I love that idea because I think there's a key differentiation between leadership and management. Management. You are, you're driving priorities and managing tasks and people, but leadership really is about hope. It's about driving a vision for people. And so that's a great quote.
Now let's get to this concept of focus or diversification. This is something my whole life I've both struggled with and found solutions to because if you think about it you really get the greatest success when you focus. But at the same token, you wanna be able to drive new business and new ideas.
Most projects and companies that people have started, they didn't know what it was gonna be. And if they were closed-minded to opportunities that were coming along the way, they wouldn't be open to the true potential that they could have. So my answer to whether you should diversify or create focus, Is both, it's one of our prosperity pillars.
I think win-win and that's why you need to think about it from a different paradigm. See, focus means follow one course until successful. That's an acronym. F O C U S follow one course and until successful. And so I guess the question boils down to what course are you following? The key, in my opinion, is to have a real clear vision and have real clarity on that vision at a high level.
In other words, not specifically to the task or the business, but what are you trying to create in your life? What do you want your life to be like? Because if you have a clear vision of what you want your life to be like, you don't need to be wrapped up in the details that get you there. To a certain degree when you're looking at your vision, see, when you have a great vision of what you want your life to be like, then you can create some diversification and yet still focus.
So how do you do that? One of the tricks that's really helped me a lot. Because I've had multiple companies for coaching and mentoring and marketing and financial education. Everything from apparel to mobile app a mobile app developer for Android, and and for goo I'm sorry for iTunes, apple.
When you diversify, the key is this, and listen to me carefully, the key to diversification in the things you're doing. Is to make sure that they have synergy, that they align together. In other words, if your goal is to create a certain life and have a certain income, and for example, my focus has always been personal development and financial education.
Then when I do financial education events, I can still work with. Personal development ideas. We still have lead generation. We still work with partners that go in all these different areas. When I created an apparel company, we created motivational messages and things that help to synergize and build a community for various direct selling companies.
So you can create diversification and yet still be focused on your ultimate goal. So diversification with synergy, with synergistic things. In other words, you can't be out. Doing door-to-door sales for some product. And t