A phrase we’ve all heard before - ‘jack of all trades, master of none’ - certainly some truth to it - albeit with some negative connotations.

In this episode we’re discussing generalists versus specialists - which is more preferable? Maybe there’s no right or wrong answer, as there are a multitude of advantages and disadvantages to both.

Whether you’re an employee or a business owner, this topic will apply to you, as you may already fit on one side of the fence on this one, possibly happy with where you are - perhaps you want to change your situation.

Generalists have a good understanding of a wide selection of topics and skills, often transferable across various situations. They can adapt quicker, navigate through uncertainty, and are able to offer a multitude of services, and be better at multi-tasking.

Specialists often earn more money because it takes longer to study to get to that position, becoming an expert your field. You’re often more sought-after by head-hunters, more likely to be a thought-leader, resolve high level issues and streamline work processes.

But on both sides of the scale, there are also disadvantages - it’s up to you to work out which is better to be in your own business situation. Have a listen as we delve deeper.

Resources we refer to in this episode:

https://innovationmanagement.se/2020/10/27/what-are-the-differences-and-advantages-between-a-specialist-and-a-generalist/

https://knowledge.wharton.upenn.edu/article/generalists-vs-specialists/

https://www.brainspire.com/blog/specialist-versus-generalist-in-todays-businesses-an-evaluation

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BrumPod - The UK Small Business Podcast. BrumPod is designed for small businesses, because 2/3 of the hosts are small businesses! Our goal is to bring you topics that affect you as a fellow small business owner directly; everything from website tools and technology, changes in regulations, business networking tips, business growth.

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