The importance of focus for entrepreneurs

Many of us are guilty of this. Instead of focusing on the execution of our most important initiatives, we keep coming up with new ideas. In some ways this is critical in the new economy, where everything moves very quickly. You have to be alert and opportunistic.

That said, there’s a real danger in spreading yourself too thin. You have to learn to focus on what’s important. This article explains the concept in the terms of domain names for Internet entrepreneurs. If you have over 300 domain names, maybe you’re brainstorming too much and not executing enough?

Kathy Ireland discusses entrepreneurship

When you watch this interview with Kathy Ireland, you get a real sense of the determination and persistence that’s required for someone to be a successful entrepreneur. You have to expect failures but then be prepared to learn from them. It’s easier said than done of course, but you have to be prepared for this.

Watch the video, and you can see the character traits that make a successful entrepreneur.

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