Question
I run several online businesses and have an office based team of staff that work across them all. My problem is that I feel I have a lack of focus and direction (due to having multiple businesses) and I'm sure the staff feel confused at times too. All businesses produce an income, but none are doing anything "amazing" or as good as they could. I'm torn; I like having multiple income streams (not reliant on one thing) but at the same time I'm frustrated with lack of progress across them all. What should I do? Get rid of some businesses to clear my head, delegate/structure it better or something else?
Answer
This is a good idea, if you know how to operate most effectively. Pay attention most not just to the one activity you like, but concentrate also on those that bring you best results. Learn to deligate and hire professionals to the activities you'd like to be covered by someone else. You as a CEO should concentrate rather on gaiining more contacts and customers, working on strategies for your projects rather then getting stuck in operations management.
