I’ve got a beef to pick with something I recently stumbled upon. Not with a person, mind you – oh, no. But with an idea. A piece of advice, to be more precise, which struck me as being about as useful as a chocolate teapot.
So, here I was, sipping my coffee, scrolling through the vast virtual pages of the internet, when I found this nonsense of an article on Entrepreneur.com.
The title intrigued me enough to dive in. And then, I found it. The “shittiest business advice” I’ve ever seen, dressed up in words and presented as if it were the Holy Grail of financial wisdom. It essentially said: “Choosing to reinvest the capital made from your business into other businesses devalues your own company, and indicates that you have more trust in the success of others’ companies than your own.”
Now, don’t get me wrong, I understand the surface-level logic. It seems sound, right? Reinvest in your own venture. Back your own horse. However, the writer seems to be blissfully trapped in an echo chamber of business theory. If they had any bloody experience in the real-world business scene, they’d know that to make money, sometimes you’ve got to play the field a bit. Sam Ovens from Consulting.com told once that to progress, sometimes you need to move sideways rather than continuing straight. It makes perfect sense. I’m a big fan of this.
Here’s the harsh reality: businesses don’t transform into money-making machines overnight. Statistically speaking, your investments can often see a faster return when you decide to trade rather than pumping every penny back into your business.
Now, don’t get me wrong, I’m not advocating for completely abandoning your business for the allure of other ventures. But a smart entrepreneur knows that it’s wise to diversify.
I don’t limit myself to one specific domain. I’m not solely in hotel marketing, I don’t only deal with stocks, and I’m certainly not tied down to property speculation. No sir, I’m in the Daniel Diosi business, that’s me, and whatever serves my benefits the best in a given time I will do it. If course with all respect and consideration given to my contracted partners and clients.
I guess the takeaway here is to remember that not all advice you stumble upon is going to be gold. Some of it, like the one I just shared, can be pretty shitty. So, always keep your mind open, your options diversified, and most importantly, follow the path that brings you the most benefits.
It’s your game, your rules. And I’m just here, putting in my two cents, hoping that it might help some of you navigate the wild world of entrepreneurship a bit more smoothly.