Reducing Your Options As An Entrepreneur
Counter to popular knowledge, where people will tell you that you should pursue and follow all opportunities and options that come your way. That can hardly ever be the right way of going about things. When you reduce your options, it means that you're more specific what you want as an entrepreneur. You cannot be everywhere at the same time.
The way you go about this is by first making a list of all the businesses or things you want to go into. Then you start eliminating the options one by one based on how much you really desire that business and how capable you are of running it very well. We must always keep in mind that we have areas where we tend to be good at.
Originally, you might want to put down like 15 options of things that you want to do. Then you should eliminate the less important ones, until you're left with 3 options. At this point, what you've been able to do is reduce your options, and by so doing increase your ability to pick and analyse the few options left.
Many research works have found that - people tend to get very confused in life when they're having too many options available for them. The main problem with having too many options is that you can hardly analyze them all properly, and you are hardly satisfied with any option you choose.
Imagine for a second that you wake up in the morning and a long list of foods are available to you, you'll easily get confused about which food to eat, and you may spend several minutes trying to figure out what you want to have for breakfast. Same with clothes, if you do not reduce the options of clothes you wear as an entrepreneur, you might spend lots of time picking which cloth you want to wear on a particular day.
And that's the reason why the biggest business men stick to white shirt, tie and a suit. A simple dress they can wear all year long, reducing the options of what to wear. It's the same with business opportunities - reduce the options of businesses you're looking into, be more specific what business you want to do, and it will be a lot easier for you.
Hello @devotedman!
Certainly the greater the number of options available, the more difficult the selection will be. We have to establish priorities, analyze the pros and cons and that will help us decide to make the best decision. Thanks for sharing, Greetings!!
Ideas will always come to a smart business man, but this smart man must also realize that it is impossible to achieve everything at a go.
Like you have advised, setting a list and eliminating the options that appears impossible for the moment will help the entrepreneur focus on the major and achievable plans that will eventually yield beautiful returns.
Greetings friend, it's important for everyone especially businessmen to organize their own priorities from major tasks that should be done within the few weeks or months then the long-term plans that needs years and so on.
And that's because focusing on multi goals at the same time will make you miss many chances and you can't complete any of them.
Thanks for sharing this important post.