is it wise to run Multiple Startup?

[joy101]

I think there is nothing wrong of running multiple startup of business or whatever, depending your ability and wisdom, running multiple startup business you set up time for everything.

 

[Setho]

It is a wide thing to have multiple sources of income but to have more than one startup, you should ensure the you have the strength to go on or the monetary power.

 

[Patrik]

it's better to focus on only one or two, the performance would be so good, i mean, you can't be good in everything obviously, so you have to dedicate your efforts and time for only one or two of them and you'll be amazed with the results

 

[Prettyjanie]

When running startups, it's good to take one at a time. So that you are not distracted and you have the opportunity to focus your attention on one to grow. Before you can think of having another.

 

[Psalmseen]

Starting a business, it's at all not a wise decision to run multiple businesses all at once because the two might fail and won't yield any result. The best thing to do when you're into a particular business is to be more focused on that one and build well on it

 

[Shigobad20201]

If you have what it takes, the money , resources and the energy to run around I beleieve there's nothing impossible in running numerous start up business for yourself.

 

[Sotherefore]

Running a month business at the same require a large sum of money,if you are so confident about the business then you can engage into it but some people might not run multiple because they will need sometimes to raise the money to start another one.

 

[Kelly5]

I wouldn't say it is a wise ting for one to go about running multiple startups Alla t the same time. It doesn't just make sense. You should start one first and see how you can be able to grow it to full capacity before thinking of expanding into other businesses

 

[Setfragil]

It is not advisable to run multiple businesses at the startup of a business. It is good to run the business for some time before adding other businesses to it.

 

[Ralphjoe]

why do most young Business owner after taste of early success in business tend to be swayed by emotions of creating another with the hope of being successful with the two businesses.

They forget the saying of Confucius that a man who chases two rabbits catches neither.

They forget too soon that the ability of an entrepreneur to focus on one thing is an important strength needed to drive a business.

what are your views on the topic discussed, is it wise to run Multiple Startup?

What will determine if is good or not for you to pursue or chase so many startup business is if you are capable financially and knowledge wise because setting up multiple businesses at a time will require a lot of time, finance and energy on your part.

 

[tyrim88]

why do most young Business owner after taste of early success in business tend to be swayed by emotions of creating another with the hope of being successful with the two businesses.

They forget the saying of Confucius that a man who chases two rabbits catches neither.

They forget too soon that the ability of an entrepreneur to focus on one thing is an important strength needed to drive a business.

what are your views on the topic discussed, is it wise to run Multiple Startup?

What i have come to discover in most endeavoures not only in business is that a person that wants to put too many things together and run them concurently at once is a big receipt for failure.The best is to focus and concentrate on one sector and gain mastery in that field.

 

[Snazzy001]

Owning multiple startup might be distracting to some people because they might not know how to manage all of them at the same time distracting to some people because they might not know how to manage all of them at the same time

 

[eLdavis]

Though it depends on the individual, if they Feel they have the mental capacity to handle two growing business, then they should go ahead. But its wise to focus on one first. If you handle multiple business at the same time, you wount be able to focus on any, and might end up missing important details. So its wise to focus on one and after you have pushed that business to grow and be able to stand on its own then you can face another.

 

[Setho]

It is not a bad idea to have multiple startups it only becomes a problem when you are not being able to take care of them because at this point you might even lose both or all.

 

[Setfragil]

Well, for a start up business with the knowledge and experience on the business for a long time, can run multiple businesses successfully without one disturbing the other.

 

[Richard92]

In industry, running several companies is a smart idea, but it can't be achieved when you're just beginning. If you focus on doing one company at the start and then building the second after the first has took off, it can save you more time, energy and resources.

It is a good idea to run multiple startup in business with this you can be able to diversify in your business knowing which one gives you profit more.

 

[Bousine123]

If you can then I think you should. They are people who are operating different businesses and they are still doing really fine.

 

[Yusuf1]

I don't see any reason why it's bad to setup two or more businesses. What you must ensure is just that you must have the time to monitor the Business and know the inflow and outflow of how money Is been spent in the business

 

[tyrim88]

I wouldn't advise a greenhorn in buiness startups to be engaged in multiple startups. Only experienced business people have the patience and tenacity to be engaged in more than one startup. As someone new to startups, you should he learning the ropes, making mistakes and seeking correction. That in itself and be a handful and can discourage anyone new to business. Once one has successfully grown his/her startup to the next level, then he/she would have the fortitude to engage in more than one Startups.

Most times if not all the times,the aproach we have before we dive into business is quite different from the reality we see on ground.Reason someone with the requisite experience and knowledge about business on a particular niche should be the one to venture into something new or in multiple front.

 

[Ralphjoe]

As far as am consign running multi start up can be a wise decision so far you already have your plans for them. And you are fit physically to wistand the stress that involves. More so it can be a wise decision i n others to make much income in the business.

It is not an advisable thing for someone to have a multiple businesses that only him is managing because you to be very difficult for just one person to be able to manage them unless he or she employs some trusted managers to be managing the various businesses.