is it wise to run Multiple Startup?

[Veetos12]

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.

The forget the saying of Confucius that 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?

The reason behind why most entrepreneurs anticipate to start another business while one is running well is to diversify means of realizing profit but if the owner of the business does not have enough resources, he should not try it.

 

[Hasan Raza]

Making diverse business at beginning phase of your first business isn't actually an invite choice, in light of the fact that your consideration is as of now separated pursuing two business accomplishment simultaneously, which will have impact on your business.

 

[maventiger]

There nothing wrong in having two startup businesses at the same time when you have capable hands as employees whom you could work with. However if you are starting alone, it is not advisable to start two businesses at the same time.

@Thosynho for a sole business owner to manage two businesses even with capable hand wouldn't be easy and bad for one of the business. Shared attention between the two business would lead to less productivity in one or both.

 

[Kingsley]

It is very wise to have a multiple streams of starting up for a business this will help the business to have a very good startup and a stable financial base. Every business always need more capital for expansion so it will be cery wise to always have alot of streams of income that is the best step to take when starting a business.

 

[QalabDogar1906]

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.

The forget the saying of Confucius that 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?

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I think if you can manage all the business at a proper time and you can manage all affairs of working. That's why we should do business with hard working and we should have knowledge of business therefore we can earn money for their family and friends

 

[maventiger]

It is very wise to have a multiple streams of starting up for a business this will help the business to have a very good startup and a stable financial base. Every business always need more capital for expansion so it will be cery wise to always have alot of streams of income that is the best step to take when starting a business.

@Kingsley thanks for your contribution. The topic discussed is if running a multiple business a wise decision for an entrepreneur not multiple streams of income. I would like to see your next comment on the topic discussed. kindly quote me when next you comment @kingseley.

 

[Shahzaib37]

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.

The forget the saying of Confucius that 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 multiple setup is very risky and very hard by my opinion if anyone have a good business then it not need to start other business only pay attention on it is a ver wise decision it is more valuable and beneficial and also save you time.

 

[Adetayo100]

Creating or owning a multiple startup business is a very bad idea to start with, you need to focus all your energy and attention on a kind of business especially if it your first business or you a young entrepreneur.

 

[Sarfraz Ali123]

Startups are very difficult to pull off, and need a lot of focus. The statistics are that some 93% of them fail. This is with most startups having a dedicated founder. Without focus, the odds for failure are just much, much higher.

 

[Ibrahim]

As for me it's not advisable to start a running multiple startup because it's very risky and you won't able to handle it properly and how you going to divide your self Into multiple because no matter how you going to do it some of the business going to crush no matter what

 

[Ltherman]

Enagaging in multiple startup can be synchronised as a single entity with different division that may have their different focus areas. Having to run two or more businesses at the same will have different dynamics. There are people who are fully employed and yet have a startup fully operational. You find the dynamics that work with you.

 

[Kayzzy3]

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.

The forget the saying of Confucius that 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?

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Very wise under this two conditions;



1. If you have the capacity and stamina to carry through. Being multi tasking is a skill everyone doesnt have, if you have multiple businesses especially start ups, the need to be strong for the tasks.



2. If you have an already strong, perational, and flushing business, you can take sollace from the existing business that is doing well to spur you on.

 

[KvngMurphy]

I wouldn't help you decide your mental or financial health. If you fill you are capable of running multiple startups then you are in the best position to know that. One advice I would happily give to you is that in whatever you do, make sure your concentration at any particular point in time is full

 

[Aricha josef]

Too much of everything is bad..I will advise one gets use to a project first and be comfortable in it before diving into other projects..If you are not progressing in one thing,how can you cope with multiple? This theory of going into multiple business at a goal is not advisable if you ask me..

 

[Sheun450]

We have a lot of good ideas thrown at us, but we simply can't do everything. We must ... double the salaries–related businesses can be run by a single entrepreneur without difficulty and with enhanced strategy .

 

[Chibson]

It is not advisable for someone who is new in business to have multiple startups. You should first of all grow one business to become an empire and of course focuse on it and work hard enough for it to be successful. People who are swayed by emotions because their first business is growing and therefore go for another startup may eventually lose the two.

 

[Chumzy]

It depends on weather it is your first time of every trying to run a start up. If It is something you have done before and multiple times then no cause for alarm. But if it is something you are doing for the first time ever then it is a bad way to go about it.

 

[chommyluv]

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.

The forget the saying of Confucius that 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?

Multiple startup its only best when one has nurtured the first business to an extent that he has employees that can undertakes the business in his absence, so after the first business has grown so well. he can now think of starting up another, if not it will affect the running one

 

[abayomibsk]

That you cannot do it does not means that others cannot achieve it, though it may not be so that easy at beginning, know this at the back of your mind that, all businesses have there own risk, i will encourage you to go ahead, if one fail, the other will survive, seek more knowledge and capitals, for running two or more businesses at the same time consumes a lots of resources, time and energy.

 

[abubakar3141]

It is almost impossible to run multiple businesses without a good team to handle your responsibilities. In some cases, it may be helpful to hire an assistant to help you keep track of your various responsibilities. When running multiple businesses, you want to spend time on important tasks.