The main risks for having multiple businesses is the lack of the concentration and stress on the main business for that matter.
The risk of having multiple business?
- Thread starter Kirubel
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Before one establishes multiple businesses, he or she must make sure that they acquire capacity on being able to multitask and manage time.
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We see the rich and successful people getting into multiple businesses. And that can be rewarding. Every capitalist businessman wants to expand his business and get into more areas. If you are able to manage things well with enough resources and trustworthy employees to take care of it, you are good to go. Most of these successful rich people have enough trustworthy employees with them.
If you have the time and the commitment to focus on multiple businesses, then having more than one business shouldn’t be a problem.
