Focus vs Diversification
I'm not quite starting out, I have a project or two that I've been working on for the last couple of months and I'm doing reasonably well but I want to continue to grow in a positive direction and branch out into other projects. I have had some slightly negative experiences in the past where I bit off more than I could chew and took on projects that I shouldn't have to try and build more. The end result was that I got overwhelmed and I didn't end up producing as much as I thought that I would.
The corollary to that type of concern is essentially that all my eggs are in one basket. If my niche goes away or another problem comes up with my main project I could lose all of my income in a hurry. Do I try to diversify and risk losing focus or do I stay focused and risk losing everything? Where have you found that balance in your own businesses?
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