Eric Siu warns founders against starting new businesses before scaling the first one. Most entrepreneurs tinker and lose focus instead of keeping the main thing the main thing. He speaks from personal experience about this costly mistake.
Every founder that has failed to scale has made these mistakes. The first blunder to avoid is trying to start new businesses when you haven't even scaled your first one. And I've been guilty of doing this many times because that is the type of person I am. I like to tinker with new things. I like to try new things. And that is a problem with entrepreneurs because entrepreneurs are so capable, because founders are so capable. We like exploring, we like dreaming, we like trying new things. We are the visionaries. And what ends up happening is your core business starts to suffer. If you don't keep the main thing the main thing, then the main thing suffers. And you ultimately have subpar results for everything.
