For example, I went to the Minnesota Cup entrepreneurial competition info night to pursue some ideas I had about an off-the-wall business for rental equipment vending machines. I thought my idea was so good. I thought that my idea was hard to execute but doable. Then I talked about it. Out loud. To other people. That's when I felt like I was full of BS. I mean, yes, I could probably see this through. Yes, I could probably make a lot of money at this. But the realization that I probably wouldn't want to swept over me at this MN Cup info night. I suddenly got the feeling that I was out of my mind. I know self-storage and railroad construction. Why am I trying to go in another direction when I haven't tapped out the things I have real knowledge and expertise in? Why? I think it had to do with the idea in the back of my head that by venturing off on my own, the storage and/or railroad business would not happen fast enough to really ramp up. Ironically, I thought something that I had no real knowledge in would move faster or equally fast. Again, I realized that I was REALLY wrong.
With that, I decided I need to concentrate on maximizing profits on my current projects and network. I was hoping that if I networked more, I might be able to find more funding and potential partners for future projects. So that's what I set out to do. Within 3 weeks I have about 6 more leads on projects and 3-4 potential project partners and I can feel the momentum starting to snowball. I just need to keep my head down, continue to meet and learn from other investors and this thing WILL happen for me. I can see in my progress over just the past 3 weeks that this IS going to work the way I loosely envisioned when I gave my 2-week notice to leave my job.
And maybe, when I get very comfortable with my current financial position, THEN I can start chasing other opportunities outside my expertise. But not until my current expertise has run it's course.
I need to FOCUS because I'm not as good as I think I am. I have a long way to go before I get there.