There are all sorts of different things an entrepreneur might focus on while pursuing their professional vision – but at some point, it’s natural for every entrepreneur to settle into a particular sort of pattern or routine, that doesn’t allow much room for dynamic action.
Of course, the most successful businesses are those that are capable of operating dynamically, and there are all sorts of things that an entrepreneur might conceivably do in order to increase their financial success and well-being – both in terms of things directly related to the business, and also in terms of personal investment such as things like indices trading.
Here are a few reasons why an entrepreneur should always be willing to try new things.
Because having a good range and a powerful “skill stack” can make all the difference
Do you think that the only way to be successful in life is to become a hyper-focused specialist in one particular field?
Well, according to David Epstein, author of the book “Range,” the opposite is more often the case in the majority of different industries and fields.
In this book, the author presents a compelling argument that the more skills you accumulate over the course of your life, the better able you will be to have the kind of insight that leads to success in all sorts of different domains and dimensions.
To make this point, he uses the real-world examples of highly accomplished people, many of who only got a relatively late start in life.
Interestingly, Scott Adams, the Dilbert cartoonist, has made a similar argument. In his case, he tried his hand at many different business ventures before “making it,” but firmly believes that the “skill stack” he built up while doing so has been invaluable.
Trying new things in your professional life certainly gives you a greater “range” to explore and utilise, and a much larger skill stack to draw on.
Because it will certainly be necessary to return to the drawing board from time to time
One of the best lessons an entrepreneur can learn is how to bounce back, try something new, and tweak and adjust existing systems and strategies, as and when necessary.
The bottom line is that very few entrepreneurs ever experience anything like unopposed success with their first business idea. The vast majority face setbacks repeatedly, and have to shelve their various plans, and scrap their various businesses, in the ongoing process of discovery, testing, and self-reinvention.
Being willing to consciously try new things in your professional life confers several meaningful benefits in this regard.
For one thing, it increases your broad range of understanding in general, and can help you to take a more nuanced and educated view on what it is you’re doing at any given time, how things might be improved, problems that might arise, and so on.
For another thing, trying new things on a regular basis simply helps make you more psychologically accepting of the idea of trying new things, in and of itself, and can help you to more easily and effectively “bounce back.”