Disclaimer: Not advice. Educational purposes only. Not an endorsement for or against. Results not vetted. Due your due diligence.
Welcome back to another edition of the Financial Freedom Newsletter.
As my business doubled and grew, I have recently been thinking about:
- The Power of Focus
- The Power of Polarity
- The Power of Saying “No”
- The Power of a Niche
In my early days, I heard the mantra time and time again that the riches are in the niches.
When I looked to companies such as Amazon, it seemed counterintuitive. After all, Amazon started as an online retail seller of books, and then became the “Everything Store”.
The more and more I think about it, companies that come to dominate the space started as as “niche” companies, then expanded both horizontally and vertically.
It seems as though a fine line between expansion and sticking to your core value, beliefs that originally founded the company.
As you begin to expand, it is important to focus down, say “No” early and often, and focus on a particular market niche and audience.
As you transition from solo-preneur to business owner, managing teams, and scaling the company, you begin to add more pieces (horizontals and verticals) to the company, and eventually come to capture more market share.
According to OpenAI’s ChatGPT thoughts on “Polarity”.
Polarity is a powerful concept that can be applied in many areas of life, from personal development to business strategy. The idea behind polarity is that everything in the world exists on a spectrum, with two opposite poles. Understanding and utilizing this concept can have a significant impact on how we approach and solve problems, as well as how we make decisions.
In personal development, understanding polarity can help us to better understand our own emotions and thoughts. For example, we may have feelings of happiness and sadness, confidence and doubt, or motivation and apathy. By recognizing that these emotions…