Abounding in ideas? Stay focused

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When you launch a new venture, you need to see it through if it’s to have a fair chance of succeeding. Stay focused rather than thinking about a second venture. And choose partners or employees who share your passion for the business.

Q: I’m 19 years old, and I feel like I’m on the right path. I work for a business loan centre, where I’m learning a lot, and I manage a fund that invests in small companies, which has been really profitable. I also own a restaurant that serves breakfast and lunch. I have partners, of course, otherwise I would have a major problem managing my time.