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Eric Siu argues that entrepreneurs waste time chasing multiple ideas instead of committing to one. Building a profitable business takes at least three years, and compounded gains only come from sustained focus on a single thing.
Eric Siu argues that entrepreneurs waste time chasing multiple ideas instead of committing to one. Building a profitable business takes at least three years, and compounded gains only come from sustained focus on a single thing.
I think that was a big issue for me early on when I was starting my entrepreneurship journey. I wanted to do everything and I wasn't sure what to do. And I think that building a profitable business takes minimum 3 years if you're lucky. If you can do it before then, even great. But that's a long time to focus on one thing. But all the gains are compounded. So the longer you stick with something, usually the better, as long as it's the right fit.
