How many businesses can one person manage simultaneously?

[Kingsley]

Since we are rational humans we think before we act, having several business and running them alone simultaneously single handly might seem an impossible task since you can't possibly be everyone at the same time and running all the businesses, unless you higher other people to help you out.

 

[Briangsam]

This depends on you and the type of business. If any of the businesses require your full attention, it will be difficult to manage more than one. Even if the two or more businesses permit you to multitask and you are someone who has a lax of attitude towards work or get drained easily, you have to manage just one at a time.

 

[Ridorz]

To handle multiple business is not a easy work, and it's not advisable. If you are running a business and you have money to establish another Business it's better open another branch of the first particular business at another place, then you will choose a one competent and trustworthy of your employees to represent you at there. And it's also advisable to invest on a real estate.

 

[M Amin]

Managinh different and too many businesses might be risky and is not advisable because you can lose focus on all of them. However, if one can find different people to oversee the businesses then there won't be any problem. It's like trying to appoint different people to help you manage your business.
In this case, one can run as many business as possible

You depend upon nature of business if more than one business are of same type then anyone can handle up to five or six businesses for example if I am doing digital marketing I can work on different projects at the spot.

Post automatically merged: Feb 2, 2021

Managinh different and too many businesses might be risky and is not advisable because you can lose focus on all of them. However, if one can find different people to oversee the businesses then there won't be any problem. It's like trying to appoint different people to help you manage your business.
In this case, one can run as many business as possible

You depend upon nature of business if more than one business are of same type then anyone can handle up to five or six businesses for example if I am doing digital marketing I can work on different projects at the spot.

 

[eLdavis]

it all depends on your ability to work under pressure and your ability to multitask. A person can choose to own multiple businesses, people who are into these, usually go for business that does not always require their physical presence. Also with the help of modern technology, one can aslo operate and monitor their various business from any part of the world.

 

[Folaham]

Whenever you go into a business venture they may always be different fields to the business that you may want to venture into and generally if it is your first business, then you would incorporate all of these fields into a single business that you can manage. However there are some people that decide to get brave and they decide to open up multiple businesses at the same time and each business Focuses on a different product or service. How viable do you think it is to operate or run more than one business at the same time?

Surely if you are running one business you can fit all of your time and your focus to that business however if you have more than one business your attention be split between all of these businesses and it may result in one of them suffering. What are your thoughts on this?

Running a multiple business that are related in same field is much easier to running multiple business that focus on different product.
That with same field can be run in such a way that one of the business feeds the other with the materials needed in form of forward integration. For example
Having a fish pond where you breed catfish and instead of selling the fish in bulk(wholesales), you decides to open a retail outlet where you sell in pieces and you even take it much further to operate a BBQ outlet. With this example ,you have 3-1 business and it will be advised to separate their book of account

 

[Abelcairo43]

Well, managing business has to do with the kind of business you decided to venture into, basically when there is a description of such business then you can talk about the ways to merge it up, the most important part is been consistent towards you business, not compromising your standard regardless of the nature of business.

 

[Josemendez]

You have said it all. The fact is that , it is ideal and right to manage a particular business so that one can be able to give his best to it. However when it appears that one should manage more than one , the two business shouldn't be different from each other.

 

[Draysongz]

It depends on the individual, some people are talented with the ability to multi task unlike some people who can't. It also depends on the. Financial status of the individual, if you have capital and you can multi task you can run more than one business at once

 

[BrolySSJ]

Running a multiple business that are related in same field is much easier to running multiple business that focus on different product.
That with same field can be run in such a way that one of the business feeds the other with the materials needed in form of forward integration. For example
Having a fish pond where you breed catfish and instead of selling the fish in bulk(wholesales), you decides to open a retail outlet where you sell in pieces and you even take it much further to operate a BBQ outlet. With this example ,you have 3-1 business and it will be advised to separate their book of account

However in this case when they are so similar in nature with all the three businesses having a similar target or a goal, then it is likely that it will be more well-received by the customer if it was as a single business in order to promote the convenience for the customer. If the products are split out and are that similar or intertwined then it is likely that the inconvenience to the customer may not be looked on well.

 

[Milz]

It's possible for one to manage different businesses but to get the best out of them, one has to involve seasoned business managers to achieve set goals and objectives of the business.

 

[Prettyjanie]

You can venture into as many businesses as you can, provided you have the time and the resources needed to grow the business. a lot of people think the can just open as many businesses as they can simply because they have the resources. It is important that you give your business the needed time to grow.

 

[Asma]

One single person can run two or three business if he has the ability to run efficiently. Because business need concentration and strong mind.. So its depend on a person that he has capibility to manage it.

 

[Ayokex]

The maximum number of business for one person to manage at the same should two, anything more than that will yield no result. Even at managing the two business at a time , one of them will still have to suffer to some extent because a man can only be in one place at a time. One African adage says " you can not do two businesses at the same time that one will not suffer loss".

 

[Succjay]

It is possible to own multiple businesses if you are not the lazy type that doesn't care about anything. Open the businesses that does not require your 24hours attention and fix capable hands to manage the business while you oversee it.

 

[LaylaG]

For better concentration it is better for you to manage only one type of business at a time,if you really want to manage more business you may not be able to manage them affectively, you need to hire someone to manage others business of yours for you if you have more than one.

Post automatically merged: Feb 2, 2021

For better concentration it is better for you to manage only one type of business at a time,if you really want to manage more business you may not be able to manage them affectively, you need to hire someone to manage others business of yours for you if you have more than one.

Post automatically merged: Feb 2, 2021

For better concentration it is better for you to manage only one type of business at a time,if you really want to manage more business you may not be able to manage them affectively, you need to hire someone to manage others business of yours for you if you have more than one.

 

[Life drama]

Its going to depends on the types of work or businesses you are doing,if it's the same line of business or work, it's going to be easy.but it still depend on the kind of plan you have and the resources you have, manpower to execute them and the kind of experience you have.

 

[Ebuka Stephen]

Yeah very true as my friend will mentioned up there if one would have more than one business, it must be one that doesn't require for the owner to be always present and it takes is their must be a very reliable and trust worthy person watching over the business.

 

[GoldenLady]

A lot of people do manage more than one business successfully, but they do it strategically.

If you want to do that, make sure you get one business solid on it's feet before moving to another.

If people like Elon Musk manage multiple businesses, it's showing that it can be done, just wisely.

 

[Samuel77]

According to my own point of view, it is base on your strategies. A person can manage two or three business simultaneously. But if you do not have a good strategie I suggest just one is okay for a person to manage.