10thHuman: Multiple Businesses as a means of defense against changing market conditions

credit: pixabay

I am currently in discussions with another entrepreneur about starting up another business idea, unique in our market. The idea is a niche one and the first business to implement will likely enjoy a first mover advantage.

I was asked by another individual why I am always on the lookout for new ideas. My reasons are several:

  1. If I can, I want to help other entrepreneurs.
  2. What got you there won’t keep you there.
  3. Market and job conditions change.

Focus in your primary profession is important but so is being constantly on the lookout for new ideas, as a defense against changing market conditions.

Talking and doing consume the same resources

Original image: pixabay

Talking and doing consume the same resources.

I’m listening to “Ego is the Enemy” today on Audible and this nugget jumped out at me (amongst others).

What does this mean?

In the context of the book, the author isn’t saying we should go about our day in silence and just work.

What he’s aiming and elaborates on is that we often fool ourselves into substituting talk for action. If we talk about a thing, our brains are somewhat fooled into thinking we did that thing in part, because the two consume similar resources.

This speaks to me quite profoundly as it mirrors or underscores a question I often ask myself, “Am I doing the busy things or the important things?

10thHuman: Are you doing the busy things or the important things?

Original image: pixabay
Original image: pixabay

As you go through your day do you find yourself doing the busy work or the important tasks?

Have you as a business owner taken the time to map out which is which?

Do you have a battle rhythm? A battle rhythm is a mapped out baseline plan for your day, a list of minimum, mandatory tasks or processes aimed at sustaining and building your business. It is also a career decision.

Whiplash: The future will run on an entirely new operating system.

image from pixabay
image from pixabay

I’m reading Whiplash right now and just read this in a passage.

The future will run on an entirely new operating system.

This book is about how to think about and leverage the changes coming our way.

Why is this important? 

Because if you are not disruptive, you will be disrupted.

What are the questions you should be asking in your industry?

What new technology will impact you? 

What skills should you be learning or enhancing?

Are you swamped with email?

network-1433045_640If you’re like me, you’re probably in need of some help managing the volume of email you’re receiving. Here’s a strategy that you may consider trying.

For me, I keep an eye on my email throughout the day but try very, very hard to be disciplined in terms of not responding immediately unless the email warrants doing so. Otherwise, I set aside time in the AM and PM to respond, file, schedule tasks that result from the email throughout the day.