But encouraging plurality does not mean diluting your talents. You need to stay focused to make sure you’re good at one skill, project or venture before adding another one to the mix. It’s a tricky juggle but what successful entrepreneurship is all about.
You don’t need to think like a plural brand such as Virgin to spread your expertise from one business to another. It’s about taking an honest approach to your juggling. Taking on a new project because you know you have a compelling business idea, because you know a lot about a subject or just because you’re passionate about making a success of something. Passion should not be underestimated as a tool in the proverbial entrepreneurial tool kit. It’s the essential ingredient to drive success, especially where you are trying new ventures.
I’ve been talking to entrepreneurs recently about how they’ve transcended their core specialism. Look at Gary Vaynerchuk, morphing into new business areas beyond his core specialism of wine. He’s making a success of juggling other ventures because he’s passionate about his portfolio reflecting his - multi-dimensional - dna. Last week I met up with Sarah Beeny (a Juggle Tapes video of our chat will be ready later in November). Most people in the UK know Sarah as the ‘property development expert’; as presenter of TV’s Property Ladder and author of a handful of books on property development. But like Gary she’s transformed her portfolio beyond her core specialism to include new ventures including her dating website mysinglefriend.com. Just because you’re good at property, doesn’t mean you can’t do dating too. Why did she set up a dating site? Because she wanted to, because she had a good idea and thought she could make a success of it (she was right).
So don’t place too many limits on your talent, role or project portfolio. Follow your dna, your passions and transfer your success to new areas.
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