Stephen Bartlett

We have to concentrate on only one thing in order to get the outsized return. And that spreading of attention, especially when you're newer in the entrepreneurial career, it's like you already don't know so many things. How do you now want to have three sets of unknowns that you want to try and conquer at the same time?

We have to concentrate on only one thing in order to get the outsized return. And that spreading of attention, especially when you're newer in the entrepreneurial career, it's like you already don't know so many things. How do you now want to have three sets of unknowns that you want to try and conquer at the same time?

And the fallacy of thinking is that I'm going to try all of them and see which one works. But none of them will work because you're waiting to see which one will work. Because you can force, in my opinion, you can force one thing to work. Provided, like, I'm going to just assume basics. Like, you're not selling $5 bills for $4. Like, you know, the normal economics of a business.

And the fallacy of thinking is that I'm going to try all of them and see which one works. But none of them will work because you're waiting to see which one will work. Because you can force, in my opinion, you can force one thing to work. Provided, like, I'm going to just assume basics. Like, you're not selling $5 bills for $4. Like, you know, the normal economics of a business.

And the fallacy of thinking is that I'm going to try all of them and see which one works. But none of them will work because you're waiting to see which one will work. Because you can force, in my opinion, you can force one thing to work. Provided, like, I'm going to just assume basics. Like, you're not selling $5 bills for $4. Like, you know, the normal economics of a business.

Like, if a real estate business exists, there are other people who are making money. There are hair salon businesses where people are making money. There are lawn mowing businesses where people are making money. You can make money in all of them. You just can't make money in all of them.

Like, if a real estate business exists, there are other people who are making money. There are hair salon businesses where people are making money. There are lawn mowing businesses where people are making money. You can make money in all of them. You just can't make money in all of them.

Like, if a real estate business exists, there are other people who are making money. There are hair salon businesses where people are making money. There are lawn mowing businesses where people are making money. You can make money in all of them. You just can't make money in all of them.

My infinite wisdom, right. Well, it's just from suffering, the woes of this. Like, the biggest entrepreneurial mistakes I've made in my career have all come from splitting my attention. Every one of them. Every single one of them. I talked about how I had the e-commerce business that I bolted onto my licensing company. I should not have done that.

My infinite wisdom, right. Well, it's just from suffering, the woes of this. Like, the biggest entrepreneurial mistakes I've made in my career have all come from splitting my attention. Every one of them. Every single one of them. I talked about how I had the e-commerce business that I bolted onto my licensing company. I should not have done that.

My infinite wisdom, right. Well, it's just from suffering, the woes of this. Like, the biggest entrepreneurial mistakes I've made in my career have all come from splitting my attention. Every one of them. Every single one of them. I talked about how I had the e-commerce business that I bolted onto my licensing company. I should not have done that.

As soon as I did that, my revenue started slowing down in its growth. Why did you? Because I was ADD. I was like, oh, Mike, I don't want to leave money on the table. And I want to be so violent about this. You are always going to leave money on the table. That is the result of focus.

As soon as I did that, my revenue started slowing down in its growth. Why did you? Because I was ADD. I was like, oh, Mike, I don't want to leave money on the table. And I want to be so violent about this. You are always going to leave money on the table. That is the result of focus.

As soon as I did that, my revenue started slowing down in its growth. Why did you? Because I was ADD. I was like, oh, Mike, I don't want to leave money on the table. And I want to be so violent about this. You are always going to leave money on the table. That is the result of focus.

But you're leaving a small amount of money on the table to pursue the much larger money that's on another table of just sticking with the thing that you're on right now.

But you're leaving a small amount of money on the table to pursue the much larger money that's on another table of just sticking with the thing that you're on right now.

But you're leaving a small amount of money on the table to pursue the much larger money that's on another table of just sticking with the thing that you're on right now.

Because compounding, if I were to show a chart here, it's like if you're at year three of your thing and you want to think about moving to year zero of a new thing, you have to compare maybe year zero of a new thing grows faster, right? but it has to grow faster than year three to four of the thing that you're on right now.

Because compounding, if I were to show a chart here, it's like if you're at year three of your thing and you want to think about moving to year zero of a new thing, you have to compare maybe year zero of a new thing grows faster, right? but it has to grow faster than year three to four of the thing that you're on right now.

Because compounding, if I were to show a chart here, it's like if you're at year three of your thing and you want to think about moving to year zero of a new thing, you have to compare maybe year zero of a new thing grows faster, right? but it has to grow faster than year three to four of the thing that you're on right now.