is it wise to run Multiple Startup?

[Partisan]

I don't think running multiple businesses at startup levels is a good idea. It is better to handle one business at a time then gain mastery as well as experience in it before jetting out for a new one.

 

[Lens]

I do not see anything wrong in expansion but what is totally wrong is when you have not fully succeeded in one business and venturing into another one. You must have been grounded in one before you could try extending sources of income.

 

[Chibson]

No, if you want to succeed in a business venture you should not run multiple startups at the same time because it will not give you the chance to focus and grow any of them. What you should do is to focus on one and grow it to a reasonable extent then you can start another. You can employ people who are very knowledgeable about the business and they will help you to succeed. Funding will also be a hindrance if you want to run a multiple startup.

 

[Setho]

Diversification is one of the things that I am going to advise you to always look into but ultimately it is not something that you should over expose yourself but anything around 3 maximum is ok.

 

[Chibson]

one of the major obstacles you will encounter when you want to run multiple startup is capital. capital is very important for any new business and in such a scenario you need to focus on one particular business in order to fund it properly. If you're not financially capable you will make a lot of mistake while trying to set up multiple startups.

 

[Shigobad2020]

We have people whom are good at what they do in life , so its possible to run a multiple business start up if you have the resources and the money readily available at your will.

 

[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.

That is very true,because what a rookie in business needs is not too many distractions,running one business is overwhealming enough for him,because there ae intriuges and uncertainties in the terrian already.

 

[Immilash]

One thing I noticed with this life is that, just do what works out for you, my idea might not be the perfect one you need, just go for what you think is the best.

 

[Good-Person]

I guess you can run many businesses if you can manage. Opening more than one business might not be a big deal for many rich people. However, managing those business might be a real challenge.

 

[Immilash]

I guess you can run many businesses if you can manage. Opening more than one business might not be a big deal for many rich people. However, managing those business might be a real challenge.

Yeah that's true, if you are going ok on managing more than one business then that's fine, but always put it will on mind that you won't give those business the best that they needed.

 

[Good-Person]

Yeah that's true, if you are going ok on managing more than one business then that's fine, but always put it will on mind that you won't give those business the best that they needed.

I would personally handle a business if I were to suspect that my employees are not doing their job perfectly. This is also a great way to manage business and the owner must pay a visit to the business places where business is running.

 

[Immilash]

I would personally handle a business if I were to suspect that my employees are not doing their job perfectly. This is also a great way to manage business and the owner must pay a visit to the business places where business is running.

I completely agree with that, in every successful business we must have good employees, absence of that can only Leads to business failures, that's why some people decide to manage their own businesses by themselves to avoid this kinds of mistakes.

 

[Syldan]

Actually running multiple of business is very good and lucrative though some people sometimes consider it as complicated because you can not be specialised in one aspect.

 

[Honny143]

Running multiple startups requires some experience. If you are a new entrepreneur, focus on that startup first. Once that is successful, start more startups, but build a good team first, so that they can handle those startups in your absence.

 

[Dannyjax]

It's very obvious that success gets to their heads too quickly and it's not a good thing which makes them take more than they can manage well. If you are new to business, it's better to take it slowly and get used to business management.

 

[joy101]

If you are a new entrepreneur who cannot afford to invest in building multiple platforms and hire a team for each venture, stick to a single startup at first. When you get the first platform right and you become successful then you add more startups.

But there is nothing running a multiple of business what matters is your time to manage the business, you have to create much time in order to manage the business very well, so starting up multiple of business really depends on your time.

 

[Immilash]

Running more than a single startup is a good idea, but most people don't really know how to manage more than one
business, if you don't know how to manage more than one business then I think it's not advisible for those kinds of individual to run a multiple business.

 

[Shigobad2020]

We have different type of intelligent quotient and some entrepreneurs have been running business for a very long time , so its easier for them to run a multiple business start up .

 

[Sotherefore]

Sometimes it will be stressful . Running a multiple business should not be advised for one person . The most important thing I will do is to force that my energy into the most profitable business ideas.

 

[Syldan]

Actually running multiple of business is not a bad deal but you should know the level of your progress in the business. Some are into many business but there income is less compared to those running a single one.