As a business owner, you need to focus on doing one thing very well. That one thing does not have to be a task within your business, like marketing or accounting. Rather, it’s a greater, clear purpose in your business as a whole.
The so-called art of multitasking is a dangerous myth. When you try to juggle too many plates at once, something is bound to crash. You may have various tasks you need to complete in a day, but every minute you spend at work must contribute to your central focus.
“In my first business, I did nothing else except focus on one target niche for all these years, and then later I sold that business to an investor,” says Wick.
Having a central focus did not cause Wick’s business to stagnate or miss opportunities. He updated services to better meet the needs of the target niche. That kept his business relevant in a market that was constantly evolving with technology.
Customers saw the benefits of being Wick's focus. The business maintained client accounts for years longer than the industry standard. The business was so successful that Wick expanded his team at a time when others in the industry were closing down.
Assessment is a key part of improving any skill. Rather than assuming you’re focusing, prove it by tracking every minute of your workday. It can also be helpful to track the time spent in your morning or evening routine.
Maybe you struggle to focus on your business because you don’t have a morning routine that fuels you. You may feel divided because your business robs you of time to take care of interpersonal relationships. Tracking your time gives you data to discover and fix these issues.
Before you decide to give up on your business, make sure that you take steps to conquer boredom. The farmer in the Acres of Diamonds proverb failed to see the value in both himself and his business. Our next article delves deeper into this topic.