is it wise to run Multiple Startup?

[frederick_9]

Early on in the life of your first firm, starting a different one is not really a pleasant move because your focus is already split between achieving two business successes at once, which will have an impact on your business.

 

[nadiel sahmen]

There's nothing with having a numerous commerce on the off chance that you competent of taking care of them well. In spite of the fact that you're of what you but it's conceivable to startup a two trade and run it effectively in case you make a solid strategies/plan. But as I will like to invest my cash with my trade rather than turning two companies

 

[Bigron]

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?

Running several enterprises without a decent crew to undertake your obligations is extremely difficult. In certain circumstances, hiring an aid to keep a record of your numerous obligations may be beneficial.

 

[Joseph555]

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.

 

[Shigobad2020]

If you don't know about running a business before , then its advisable to start slowly , because you need a lot to learn and if you rush into having three business at a time , it might affect you negatively .

 

[Joe]

Running many startups seems foolish to me. Instead of starting numerous businesses at once, it is preferable to run one to a high level before starting another.

 

[Sotherefore]

It depends on you , as long as you are able to manage you can go ahead and established it. management is the most important aspects not really the business.

 

[Genie01]

Start up businesses requires that one invest alot of time and energy before the business starts to bring profits. Having multiple start ups would limit your focus and reduce the chance of success.

 

[Immilash]

Yes Investing on multiple start up will be a good idea, it will help you to have a multiple streams of income coming in, I'll advise you to do this if you have the knowledge.

 

[Connor909]

It can be difficult to manage numerous startups at once, and it takes a lot of time, effort, and resources. Giving each startup the attention it needs to prosper and expand could also be challenging. Nevertheless, some business owners have had success managing many startups. They need to be well organized and have a solid staff in place to run each firm if they're going to accomplish it successfully.

 

[Immilash]

It can be difficult to manage numerous startups at once, and it takes a lot of time, effort, and resources. Giving each startup the attention it needs to prosper and expand could also be challenging. Nevertheless, some business owners have had success managing many startups. They need to be well organized and have a solid staff in place to run each firm if they're going to accomplish it successfully.

Before you can start up a profitable business you need to know what you are doing, you need to have enough time, it will cost you a lot of money in other to start up a new business.

 

[Jonaville]

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?

This is another strategy of making so much money online and I think it is very wise. The person should be able to handle all th we businesses. If he can handle them, it will be good for him.

 

[Immilash]

This is another strategy of making so much money online and I think it is very wise. The person should be able to handle all th we businesses. If he can handle them, it will be good for him.

Yes it is, to make your business more successful an profitable you need to have good strategies, this will help you in terms of earning consistent amount of money from the business.

 

[Jonaville]

Yes it is, to make your business more successful an profitable you need to have good strategies, this will help you in terms of earning consistent amount of money from the business.

Some people have different streams of income that they are making a reasonable amount of money from and that is the best way instead of putting all your eggs in one basket

 

[Immilash]

Some people have different streams of income that they are making a reasonable amount of money from and that is the best way instead of putting all your eggs in one basket

That's true, I understand puting your eggs on one basket is very risky anything can happen, no matter how much you'll earn having another side business will also help.

 

[Jonaville]

That's true, I understand puting your eggs on one basket is very risky anything can happen, no matter how much you'll earn having another side business will also help.

Exactly
This is why you will see some people work online and they will still work offline
They just need to make money and that is why you see some people work on different platforms.

 

[Sotherefore]

If I have trusted people around me I will definitely operate a multiple business. If that is what you need you're not going to work alone. will need a group of trusted people to work with.
When you have more than one business you will always need the service of other people to also manage it for you.

 

[Ernestnari]

Those people want to be multitasking in starting up businesses. It certainly would not work. That's because there won't be sufficient amount of focus that is needed to make a business take root and grow. A startup needs adequate attention and multiple startups won't have that desired attention.

 

[Immilash]

Exactly
This is why you will see some people work online and they will still work offline
They just need to make money and that is why you see some people work on different platforms.

You are right, I've seen such kind of people that work online an offline, well but for me if I want to have another income stream it has to be online, I don't like the idea of working offline.

 

[Jonaville]

You are right, I've seen such kind of people that work online an offline, well but for me if I want to have another income stream it has to be online, I don't like the idea of working offline.

Same here.
I do not like to go through the stress or working offline. It annoys me a lot. Well, my dad earns a good amount of money but I know how stressful his job could be. It is so stressful