This content was created by Eric Siu. This content was uploaded by Eric Siu. This is a YouTube video titled "You're Failing Because of THIS" (published 2023-08-09) containing a single-speaker business advice talk. The presenter explains the difference between focus and experimentation when scaling a company, recommending treating them as points on a sliding scale and adjusting toward experimentation if growth stalls.
So let's talk about the difference between focus and experimentation when it comes to scaling your business. You want to think about the difference between focus and experimentation as not one or the other. Usually it operates on a sliding scale. So on one end you might have focus over here, on the other end you might have experimentation, and you might have a season where you're experimenting more than you're focusing. Let's say you focus so much and you build a nice $10, $15, $20 million business, but you're starting to see a decline. Maybe you need to adjust the slider and move it more towards experimentation and try new things, because if you don't adapt, you're going to die. So it just depends on the season that you're in, and if you feel like things aren't working well for you right now, you got to think about adjusting that slider a little bit.
