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This Shark Tank Advice Is Stupid (Here's Why)

Peter Kozodoy logo Posted Sunday May 24th, 2020 This Shark Tank Advice Is Stupid (Here's Why)

As far as Sharks go, I've had the pleasure of swimming with two: Daymond John and Barbara Corcoran.

They both admit one important thing: Luck played a big factor in their business success.

Of course they worked hard. Of course they're smart. But they also found the opportunity they needed to build massive businesses.

No entrepreneur - ever - gets it right the very first time. Sometimes, the genius idea we have is just a few degrees to the right or left of where we're heading. And if we have 100% focused blinders on, we might just miss it.

That's why it's so puzzling to me that the Sharks always talk about how entrepreneurs need 100% focus.

If you ask me, that's 100% BS.

True, you must have focus if you're going to grow your business.

But, that's assuming you're heading in the exact right direction in the first place!

Both those Sharks will tell you that, in the early days, they bounced around with different ideas at first, unsure of what to do next. That's how they figured out which business opportunity to pursue in the first place...and then, when they knew they were on the right track, they hunkered down and focused.

The key takeaway here is knowing what stage of business you're in. And it has little to do with size...sometimes you could grow a multi-million dollar business only to realize you're in the wrong business.

How do I know? It's happened to me!

Anyone can build any business...but is it the right business to help you achieve your goals?

Only you can answer that by continuing to explore your business model, learn new strategies, and keep your eyes open for new opportunities.

Sometimes that means starting other side ventures, taking formal classes, and networking to learn, learn, learn.

Then, once you know you're in the right lane, it'll be time to focus. Just make sure you don't focus too early, or you might miss some better scenery passing by.