096 Could you be sitting on a goldmine?

In this latest episode of the Fail Forward Podcast, I ask are you unknowingly sitting upon a goldmine? 

 

After losing my tree surgery business, I initially believed that my industry was one of the hardest. But as I rebuilt the business, I realised I had always been sitting on my own goldmine.

 

Key Insights from My Experience:

 

Diversification of Income: I learned the hard way the importance of having multiple income streams. Uncovering the Hidden 'Goldmine': Inspired by Napoleon Hill's "Think and Grow Rich," I share the story of a gold miner who finds gold by merely changing his direction in the mine. This taught me to look closer within my current industry, recognising its potential rather than constantly seeking new ventures.

 

Focus Over Expansion: Initially, I expanded to nine revenue streams but soon realised the importance of focus. I scaled back to concentrate on three core businesses, understanding that spreading myself too thin diluted my efforts.

 

Investing vs. Spending: I emphasise the significant difference between spending money and investing it wisely. I suggest considering various investment opportunities like stocks, crypto, property, watches, and artwork.

 

Concentrating Efforts for Success: The episode is a call to action for listeners to stop being distracted by every new opportunity and instead, focus on maximising the potential of their current business. 

 

It's about finding and nurturing the one 'goldmine' you already have.

I hope this episode inspires you to look within your current ventures for hidden opportunities.

Let me know what you think?

All the best, Henri.

 

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#motivation #businessowner #entrepreneur #mindset