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The Circle of Competence is a simple & powerful mental model for staying focused and unlocking growth in your business.
A short thread on how it works:
A short thread on how it works:
Solopreneurs can use The Circle of Competence to focus on their small circle of strength & expertise.
And by staying within your circle, you'll make excellent decisions and avoid costly mistakes in your business.
Let's dive in:
And by staying within your circle, you'll make excellent decisions and avoid costly mistakes in your business.
Let's dive in:
Assess your skills:
Make a list of your skills, knowledge, and experiences.
All of the stuff you are really, really great at.
But, make sure you find the intersection of what you're good at AND what you enjoy.
Make a list of your skills, knowledge, and experiences.
All of the stuff you are really, really great at.
But, make sure you find the intersection of what you're good at AND what you enjoy.
Focus on your strengths:
Next, list all of the tasks you need to accomplish for your business.
Find the ones that fall within your circle of competence.
Prioritize these!
You'll work on stuff you love, deliver great results, & improve the chances of having happy customers.
Next, list all of the tasks you need to accomplish for your business.
Find the ones that fall within your circle of competence.
Prioritize these!
You'll work on stuff you love, deliver great results, & improve the chances of having happy customers.
Grow your circle:
Once tasks are prioritized, consider how you might expand over time.
Continuous learning & growth are vital, and having additional competencies improves your success rate.
Invest in yourself by taking courses or seeking specific mentorship in those areas.
Once tasks are prioritized, consider how you might expand over time.
Continuous learning & growth are vital, and having additional competencies improves your success rate.
Invest in yourself by taking courses or seeking specific mentorship in those areas.
Outsource & delegate:
After expanding, there will still be tasks outside of your circle.
For those, consider outsourcing or partnering with experts in those areas.
You can continue to focus on your strengths while still delegating essential business functions to others.
After expanding, there will still be tasks outside of your circle.
For those, consider outsourcing or partnering with experts in those areas.
You can continue to focus on your strengths while still delegating essential business functions to others.
Make great decisions:
Over time, your understanding of your circle gets deeper.
Make sure to view every future decision through this lens.
Approach all challenges with a clear understanding of your strengths and limitations.
Doing so will help you make much better decisions.
Over time, your understanding of your circle gets deeper.
Make sure to view every future decision through this lens.
Approach all challenges with a clear understanding of your strengths and limitations.
Doing so will help you make much better decisions.
Adapt & grow:
As your business grows, your circle will likely change.
Be cognizant of where you lose interest, or additional areas you're excited about.
If your passions and skills begin to shift, it's important to re-assess your skills.
Make a yearly check-in a must.
As your business grows, your circle will likely change.
Be cognizant of where you lose interest, or additional areas you're excited about.
If your passions and skills begin to shift, it's important to re-assess your skills.
Make a yearly check-in a must.
And that's it.
If you enjoy these small pieces of advice, consider subscribing to my weekly newsletter.
I share practical guidance to help you start and scale your one-person internet business.
→ Join 100,000+ solopreneurs here: justinwelsh.me/the-saturday-s…
If you enjoy these small pieces of advice, consider subscribing to my weekly newsletter.
I share practical guidance to help you start and scale your one-person internet business.
→ Join 100,000+ solopreneurs here: justinwelsh.me/the-saturday-s…
TL;DR
1. Assess skills
2. Focus on strengths
3. Grow your circle
4. Outsource & delegate
5. Make good decisions
6. Adapt and grow
1. Assess skills
2. Focus on strengths
3. Grow your circle
4. Outsource & delegate
5. Make good decisions
6. Adapt and grow
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1. Follow me → @thejustinwelsh for more ideas like this.
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1. Follow me → @thejustinwelsh for more ideas like this.
2. RT the first tweet below to share it with others.
https://twitter.com/thejustinwelsh/status/1651198748301598722
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