When to diversify?

Over diversification is often seen among many people. Those who knows well to manage can actual manage it, others just fails miserably. These peoples who diversify the things that they think they can make something out of it are most probably driven by reputation. Also sometimes by fomo. This is not only the case of a personal level, it applies to everything. But the common thing we can observe during this diversification is the lack of focus. Instead of directing their focus to make anything better, they give their fractured attention to lot of things. When they do this, they often get exhausted at the level of thinking. If someone is important enough, then it is important to make good amount of time analysing and reflecting upon specific problem instead of launching a new venture. Every time the new venture consumes significant amount of time for its growth.

So the prime focus should always be on the foremost problem. Because without solving what is important and veering the attention to new startups, it is likely to collapse, not one but both. It is like standing on two different boats. Different boats travels to different direction at different. Without leaving one we cannot make it to the destination.

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Insanely Practical

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