is it wise to run Multiple Startup?

[Lens]

All my life as an entrepreneur, I always have two to three different businesses. My advice is that you should make sure a business stand before you try venture into another. If a business is at the nurturing stage and you want to add another business, you would be making a grave mistake.

 

[Good-Person]

It is only wise to run mutiple startups if you have the ability to run many different startups at the same time. Otherwise you can hire a manager to do this job for you and you will only need to monitor the performance of the managers.

 

[Shigobad20201]

There's nothing bad in running a multiple start up if you have the strength and the start up capital to run the business successfully without running into debt, all you need is focus.

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?

 

[Mayox25]

It is not advisable to run multiple startups at the same time. A new startup can be a handful to run in stabilizing it and taking it to the part of profitability. So as to avoid distraction one should focus on one to the point of stability.

 

[Kvngsammy]

Running multiple start-ups would be like becoming a Jack of all trades and master of none. You'll not have mastery of any of them; in trying to run all of them, you might in the end lose focus. What if a lot of problems come from different angles? What do you do then?

 

[Dagm1]

I would not state it is a poor concept and a smart idea either. Certainly there certainly are actually great deals of variables to become thought about prior to our team can easily court if it is actually a great or even poor idea. Perform the proprietor have actually sufficient funding to begin several companies? Exactly just what products or even products as well as solutions are actually most likely to be actually associate with each of business? Can easily the proprietor obtain the relied on workers to handle each of business electrical outlet in missing? Certainly there certainly are actually lots of points to think about.

 

[Setfragil]

Running multiple start-up businesses is not a bad business idea but you must have the thorough knowledge of all the businesses for things to work out for you the way you want.

 

[akinlolu99]

I would say it's not savvy to rise different new companies. New companies for the most part need time and difficult work to make them effective yet on the off chance that you decide to begin different organizations, l it will be undeniably challenging for you to screen every one of them and develop them simultaneously.

 

[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.

If you have the required capital it is wise for you to run multiple business because you don't really know which one will really give you more profit

 

[mcjerry]

Sometimes it is good to have more than one business. Because there are some business that are seansonal. Such business will be better with other business for maximum profit

 

[kayode10]

It will be very good for you to focus all your energy and resources on one business made it to successful before you move on to another project. Don't spread yourself too thin.

 

[Ruth]

It's more preferable for you to focus on one business and give it all the attention we can so it can grow steadily, sharing your attention make you fail on both sides so it's not advisable

 

[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?

It is not a wise decision for anyone to be running multiple startups business because it is very difficult for one person to be able to manage a startup business and make it successful talk less of managing more than one startups which will be very cumbersome and complex for one person to be able to do it.

 

[Setfragil]

You can run multiple businesses together without them affecting beach other depending on the capital that you have to manage it, the type of business and the skills that you have.

 

[Thinker009]

There is absolutely nothing wrong in running multiple business , most people run business that are many and they manage it properly , since they have the right management for the business

 

[Good-Person]

This actually kind of depend on your management skills and the overall capital you are willing to invest. In my city, there are many people who run multiple businesses and they are very successful at that.

 

[skyliequiz]

No, at this point of the business, you work with what you learn, and you learn by doing the task. Simply said, your venture's route to success or failure is a jumbled mess with no promises or assurances.

 

[eLdavis]

This actually kind of depend on your management skills and the overall capital you are willing to invest. In my city, there are many people who run multiple businesses and they are very successful at that.

It's true that management skills matters alot but it would be best to startup one first then after you have grown it to some level, you can go start another instead of starting them all the same time.

 

[Chibson]

I don't think it is a wise decision to run multiple startups because you will definitely may not have enough time to brainstorm and make a particular one successful.

 

[Billy]

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?

No. This is not good, unless you have enough staff and money to handle al the start ups. Instead of spreading yourself so thin, you'd rather concentrate on one startup and build it to a level that will be able to take care of he others. You have to make it reach the level that will be self-sufficient enough to support the next one without getting back to your pocket or bank for capital.