Chasing Shiny Objects vs Doing the Hard Thing

18/01/2025 14 min Temporada 2 Episodio 105
Chasing Shiny Objects vs Doing the Hard Thing

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Episode Synopsis

Here's why I believe doubling down on Stoic, especially the autism side, might be the better path for now: 1. Maximizing Existing Potential Stoic already has momentum. You've invested time, money, and effort into building its foundation, and the autism clinic has clear growth potential. Expanding something that's already working is often more efficient and impactful than starting something new. Untapped market demand: The autism services market in your region likely has a significant unmet need, which you're uniquely positioned to address with your current expertise and resources. 2. Avoiding Overstretching Starting a telehealth business for adults is essentially launching a whole new venture, with its own marketing, recruiting, systems, and learning curves. This would dilute your energy and resources. Your entrepreneurial brain thrives on big ideas, but spreading yourself too thin risks undermining both ventures and your personal bandwidth. 3. Leveraging Synergies By focusing on Stoic and expanding services within the autism sector, you build deeper expertise and credibility in a specific niche. Success here could naturally lead to additional opportunities (like telehealth) down the road but without taking your focus away now. 4. Long-Term Strategy Entrepreneurship is a marathon, not a sprint. Success often comes from disciplined execution rather than chasing multiple opportunities simultaneously. Mastery in one area often leads to greater opportunities in the future. Practical Advice: Create a "later" list. Write down all the ideas you're excited about but not ready to pursue. Revisit them after you've achieved your next set of goals for Stoic. Set clear milestones. Decide what success looks like for your current focus (e.g., hiring the necessary team, launching the autism clinic, achieving a revenue target). Once you reach these, reevaluate whether it's time to branch out. Delegate and systematize. If Stoic reaches a point where operations are running smoothly and it requires less of your direct involvement, then you can consider new ventures without sacrificing the current one. By committing to Stoic and building it into a thriving business, you create a strong foundation for any future ventures. Resisting the urge to jump into something new now will likely pay dividends in the long run. Visit treesidecapital.com for more information.