Tuesday, October 28, 2008

What Focus Means

I like this definition of "focus" that I picked up in Why We Want You To Be Rich: Two Men, One Message by Robert Kiyosaki and Donald Trump.

F = Follow
O = One
C = Course
U = Until
S = Successful

Follow One Course Until Successful.

RK shares that he applied this wisdom to his research into real estate, bonds and IPOs.

When he invested in real estate, he continued until he was successful.

When he wanted to learn about bonds, he invested in them until he was successful. Once he was successful, he decided that he did not like bonds and so he does not invest in them anymore.

He has taken two companies successfully from startups to IPOs and made millions. He succeeded, but then he decided he did not want to go through the process anymore.

Today, RK still prefers real estate.

When you think about it, it makes sense to focus. You shut out everything else that distracts and pour all your energies into doing one thing well. If that thing fails despite your best efforts and intentions, you know it's not right for you and you can move on.

But if you only put in 20% in Project X because you are also trying to manage Projects Y and Z and X fails, how will you know for sure what caused the failure?

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