The $100 MBA Show MBA2111 Should You Diversify or Go All In With One Business?
You’re supposed to diversify and spread risk. But ideally, you’re also supposed to focus on one thing at a time.
What’s an entrepreneur to do?
For some of us, businesses are like potato chips or tattoos — it’s hard to have just one. That’s why so many independent founders have 2, 3, or more brands going at the same time. Is this some kind of addictive behavior? Or is it a smart way to keep your eggs in different baskets?
Or is it both?
Today, we explore the ups and downs of running multiple businesses at once. Naturally, we juggle our podcast and our SaaS (and occasionally, other stuff too). Does it stretch us too thin, or does it maximize our chances of success?
Learn what factors you should consider before spinning those extra plates, and make a well-considered decision about what works best for you and your goals. Click Play!
Stitcher | SoundCloud | Podcast Feed | How To Subscribe
Today’s Sponsors
SYFOB
Learn how to start your own business online, from scratch — without taking dangerous risks or sinking yourself into debt. This 10-part audio course lays out a complete roadmap for producing your first products and getting your brand off the ground. Get a special extended free trial of Himalaya Learning, an audio education platform with lessons from Tim Ferriss, Malcolm Gladwell, Omar, and more — just go to himalaya.com/mba and use promo code MBA.
Siemens Xcelerator
Climate change, urbanization, and rising geopolitical tension are on the vast list of challenges we face today. Businesses have had to adapt to this ever-changing world to be more flexible, resilient, and innovative. Siemens Xcelerator is a single digital platform and enables you to accelerate your digital transformation fast, easily and at scale. The open business platform features a curated portfolio of IOT connected hardware and software, a growing, powerful ecosystem of partners, and a marketplace. Find out how Siemens Xcelerator can benefit your business digital transformation at siemens.com/xcelerator.
The post MBA2111 Should You Diversify or Go All In With One Business? appeared first on The $100 MBA.