Focusing on too many things at once.
“Pick one thing you’re passionate about and do it better than everyone else. Too many people have 1,000 brilliant ideas and never start any of them. Instead, they get involved in everyone else’s business.
If you’re not a lawyer, for example, don’t pretend to be one. Stay in your lane and delegate to experienced professionals. Sign contracts and form your company properly. If it’s worth doing, it’s worth doing right.
I once left a company because the founder was more in love with his next idea than the success of the business. And while he was dreaming of new inventions, he starved his company of resources and attention. As a result, we lost many breakthrough opportunities.”
—James Daily, founding partner of Daily Law Group, which helps high-profile clients with fiduciary abuse litigation. Connect with James on LinkedIn.
