*Thread* - Diversification is distraction
Why all eggs in one basket is a safer & more profitable bet
Why all eggs in one basket is a safer & more profitable bet
Diversification is distraction & illusion of safety
Invest your time & energy into one thing it compounds
Partial attention you’ll build things that can sell 1,000 units
Full attention is how to refine a offer & marketing so good it scales to 100,000+ sold
Invest your time & energy into one thing it compounds
Partial attention you’ll build things that can sell 1,000 units
Full attention is how to refine a offer & marketing so good it scales to 100,000+ sold
🔑 Creatives & the ambitious have a tendency to want to offer everything
Compounding is about taking a great thing & constantly refining it
You can tie those other good things as free bonuses or give it away as free content to attract sales to the main thing
Compounding is about taking a great thing & constantly refining it
You can tie those other good things as free bonuses or give it away as free content to attract sales to the main thing
Seen a guy a while back
Went all in on a goal tracking challenge course thing
Has sold over 100,000 units of this course
It’s very tempting to diversify. But we are rewarded for deposits into the same account in the business world
Went all in on a goal tracking challenge course thing
Has sold over 100,000 units of this course
It’s very tempting to diversify. But we are rewarded for deposits into the same account in the business world
Diversify income with investments from that core income
Side hustle or consulting things that don’t distract too much are fine
But entirely different businesses at the same time
Same do it & it may look impressive
4 good businesses vs 1 incredible business
Side hustle or consulting things that don’t distract too much are fine
But entirely different businesses at the same time
Same do it & it may look impressive
4 good businesses vs 1 incredible business
Even if the pay was exactly the same 1 is still better
Way less headache & moving parts
Think about how mastery & the mind works
Spend 4 years playing basketball
Vs
1 year baseball
1 year tennis
1 year soccer
1 year basketball
Way less headache & moving parts
Think about how mastery & the mind works
Spend 4 years playing basketball
Vs
1 year baseball
1 year tennis
1 year soccer
1 year basketball
You’ll be much more innovative, a better player, way above all average competition going in on one thing
You’ll work less
This tweet is a reminder to myself & I share it here
🔑 Just because you can succeed at many things, doesn’t mean you should do them all
You’ll work less
This tweet is a reminder to myself & I share it here
🔑 Just because you can succeed at many things, doesn’t mean you should do them all
The hard part is not figuring out where you’re going
It’s deciding what to leave behind, the other opportunities being sacrificed
To be incredible at 1 thing sacrifice being good at many things
Letting go of 4 pennies for a gold dollar
It’s deciding what to leave behind, the other opportunities being sacrificed
To be incredible at 1 thing sacrifice being good at many things
Letting go of 4 pennies for a gold dollar
^ This Thread is mostly for business, going all in to leverage power of compounding
In life itself versatility can be more optimal but that’s for another thread 🥂
In life itself versatility can be more optimal but that’s for another thread 🥂
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