Every entrepreneur needs to learn the difference between a problem and a missed opportunity.
A problem is something that if not solved, threatens your business. Ex: our payment processor shut us down.
A missed opportunity is when you could do something to make more but you haven’t done it yet. Ex: we need to get those follow up emails going.
Here’s the thing - neglecting either feels stressful.
But there are finite problems but unlimited missed opportunities.
And if you let yourself get stressed out by the missed opportunities, you’ll forget to fix the problems that keep your business getting opportunities in the first place.
It took me a decade to learn the difference.
Prioritize problems. Which generally are not fun and suck. Ignore missed opportunities, which are generally fun distractions parading as the thing you’ve been missing. Rather than the thing that makes you miss.
If you’re an entrepreneur, you need to memorize this response:
“That’s an amazing idea. It’s not a priority right now. But I will add it to our big ideas list. Thank you for sharing it.”
Businesses rarely die from a lack of good ideas. They die from a lack of good execution.
JUST IN: An armed illegal immigrant gang has reportedly taken over an apartment complex in Aurora, Colorado.
New footage obtained by @vicentearenastv shows an armed gang at a complex in Aurora.
Aurora officials have been investigating a Venezuelan gang, the Tren de Aragua gang, who is accused of engaging in human smuggling, violence, money laundering, and illicit drug trafficking throughout the U.S., including at the apartment complex on Nome Street in Aurora.
According to local reports, the complex is closing down because of "code violations," however this appears to be a cover for a much bigger problem.
"We are not buying this. We believe that yes, there are code violations, but this started because of a gang takeover," said Aurora City Councilwoman Danielle Jurinsky.
Crime at the complex in question has increased big time.
In 2022 there were 41 reported crimes, 84 crimes in 2023, and 66 crimes in the first half of 2024.
When you make a mistake…
A bad partner will tell you what they told you a while ago to remind you how right they were.
A good partner will tell you what you said a while ago to remind you how right you were.
We need to be reminded more than we need to be taught.