How do you cope with multiple business options??

[Senator]

The most sensible thing to do if you know you have so many businesses you handle on your own is to get help from people you know can manage your business for you while you do and handle those you can also

 

[Sincerem]

The most sensible thing to do if you know you have so many businesses you handle on your own is to get help from people you know can manage your business for you while you do and handle those you can also

If you have the funds to establish multiple businesses and become successful from them all. You can, by employing different staffs to help you out and protect your multiple choice business. All you can do, is always check on your business to ascertain their welfare.

 

[joy101]

I know is not that easy to handle more than one business, but to handle more than one business you must set time for your business so to handle it very well

 

[GIFTMICHAEL]

If my aim is reached I'll be adding much more businesse options to my business portfolio. I just want to handle lots of business, and manage them well to become successful.

 

[IamDozzy]

Yes,it is very possible and that is what we call multitasking. What one needs to achieve this is to be focused and mentally alert.

 

[BrolySSJ]

Yes, that's the first aim i got, for initiating different business options. Spend time to enhance the current one, and make sure its up and running then you can expand and still diversify to other business option.

I think one of the main benefits of first focusing on a single business is that you can use that business as a learning curve in order to try and see what went wrong or what could be improved in the second business venture.

 

[btaliat]

I agree with your notion of waiting until teh first business is stable before venturing into other businesses. This makes sense because then the business would be a well oiled machine and will have managers and so forth to see to day to day operations, which you can then focus your attention on the second business and developing it.

Best advice, but the problem is that waiting for the success of another business may take longer time than you can imagine, hence people tend to have additional source of income by running other businesses aside.

 

[BrolySSJ]

Best advice, but the problem is that waiting for the success of another business may take longer time than you can imagine, hence people tend to have additional source of income by running other businesses aside.

You are right in saying that it may take time however it is best to put in the time and effort at the start of a business venture and ensure yourself a greater chance for Success. If you are looking for a source of second income however you could look into a smaller more manageable business on the side however this will not take up as much of your time as the main business.

 

[btaliat]

You are right in saying that it may take time however it is best to put in the time and effort at the start of a business venture and ensure yourself a greater chance for Success. If you are looking for a source of second income however you could look into a smaller more manageable business on the side however this will not take up as much of your time as the main business.

You are right. But what I am trying to say is that, the is nothing bad on running more than one business especially nowadays. You don't need to wait for the success of one before venturing into the other. What if the main business dies but doesn't even die quickly but some years after investing so much in it.

 

[Eodine]

It's a popular saying that most successful people in the world have several streams of income so yes it is possible to run two businesses just that you must know how to delegate responsibilities so it doesn't weigh you down.

 

[GIFTMICHAEL]

Its possible to establish even 5 or more businesses and have time for them provided you have staffs that is working for you on all your business options. You can make out time to inspect their progress at least two times a week.

 

[Sincerem]

I think one of the main benefits of first focusing on a single business is that you can use that business as a learning curve in order to try and see what went wrong or what could be improved in the second business venture.

Yes, it serves as an experience to the entrepreneur first time. No one is above failure, what makes us proven business owners will be bouncing back from the failure, and making amendments and succeed in our next business line.

 

[BrolySSJ]

Yes, it serves as an experience to the entrepreneur first time. No one is above failure, what makes us proven business owners will be bouncing back from the failure, and making amendments and succeed in our next business line.

To be honest I personally think that failure is something that someone should look forward to because at the end of the day we do that a lot more from the failures that we have. When we have success we do not look for ways to better it in the future and we believe in sticking to what works and when there is failure we are more inclined to do more research and investigations into how we can make our business venture better.

 

[Sheyemanu]

Well in reply to your question above concerning if one can handle two or more businesses and run them successfully simultaneously, I would say yes it is very possible indeed to be able to handle different businesses and run them successfully

 

[Sincerem]

To be honest I personally think that failure is something that someone should look forward to because at the end of the day we do that a lot more from the failures that we have. When we have success we do not look for ways to better it in the future and we believe in sticking to what works and when there is failure we are more inclined to do more research and investigations into how we can make our business venture better.

That's why we shouldn't relax when our business is making day progress, we should be on the working, finding other ways to keep it going, and making long time plans incase of hard times.

 

[Ayokex]

Having a multiple business ideas/options is a good sign that your sense of reasoning is at alert and you're very observant of your environment. The best way to handle this is to the one you have passion for and stick to it.

 

[Ralphjoe]

There are several business options that anyone can go into but what will make any business to be successful is if you have passion for that business because someone that doesn't have a passion for a business would definitely not be able to steer that business in the right and profitable direction.

 

[Setho]

You can handle so many businesses at the same time but I do not advice that. You should look for a partner and if you don't , then you should employ proper time management.

 

[Senator]

Having a lot of businesses to handle is good as it is a sure way of diversifying your portfolios. But you don't have to be running them all by yourself alone. You should employ good and experienced hands to help you out in running your business

 

[Good-Person]

Most of the people have a difficult time managing one business. On the other hand, there are many people who manage more than one business. It actually depends upon how skillful you are and how talented you are when it comes to managing business.