www.PartnerUp.com - Small Business Community
 
11

James Williams posted a new Starting A Business thread on 3/17/2008

Starting Multiple Businesses

I have created a couple of business plans for ideas I have had for a while. I am thinking about launching multiple companies at the same time instead of just picking one to start and focusing solely on it. Has anyone used this approach in the past? Was the multiple launch approach successful? What sort of issues do I need to watch out for? I appreciate any and all feedback.

Regards,
Bizdevguy
0
 
PartnerUp! Share This
Mark As Favorite
Mark As Spam Reply!
 
 
Sort Responses by : | |
11

Dominic Rossi Responded on 3/26/2008


Have you every operated a business before? Starting just one is going to require just about every resource you possess: physically, mentally, emotionally and financially. Pick just one plan that you would really enjoy doing and concentrate on that one. If successful, you can always look at other ventures down the road. IMHO.
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
1

Demetrius Kilgore Responded on 3/31/2008


Thats a valid point, but it solely depends on the type of businesses you are starting. Are they brick and motor businesses that require you to be there, or are there businesses that practically run themselves. I have multiple businesses and I can get a everything done from the touch of a button my laptop or the dial of a button on my phone. this weighs heavily on what u are doing, example: if one of the businesses is a restaurant theres no way u would want to start two because that restaurant alone will require all of your time mentally, physically,and emotionally.
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
1

Reid Robbins Responded on 4/9/2008


i have multiple businesses. In the past, I operated multiple businesses under one company and found that I could add in related businesses as I went, having my staff functioning in all businesses at the same time. I brought in specialists to operate areas of the business that I was unable to handle myself as well as outside contrators. just don't try to do it all yourself.
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
11

Bill Seneff Responded on 4/13/2008


Obviously , not enough info yet as to how or if they are related or the degree in which your time is required to start them. If related and can be paralleled, absolutely. If not, then how much time is required and do you have help starting them? You become the over-seeing party.
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
1

Glenn Wang Responded on 5/1/2008


I think its a whack idea,doesnot make sense,spreading yourself too thin
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
11

James Williams Responded on 5/2/2008


Excellent point Glenn. The more people I speak to are all telling me to focus my efforts on one idea. I appreciate the constructive feedback.
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
1

Jerry Lisman Responded on 5/11/2008


Many good points!! I agree with the statement of how intense it is starting one, let alone multiple businesses at one time. I believe the only way this can successfully be accomplished is through the development of partnerships with people you know and trust and will work as hard as your would. Unless you have a large warchest to fund the hiring of qualified managers, I think a multi-business startup is probably headed to disaster.
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
1

Demetrius Kilgore Responded on 6/5/2008


Yes you can say that again. Time consuming, and not to mention stressful.

-Demetrius
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
11

Bill Seneff Responded on 6/6/2008


I vote for the development of a large warchest if they can run together.
0
PartnerUp! Mark As Spam Share This Add Comment
 
 
 Respond to thread
( Paste a youtube link to embed a video. eg: http://www.youtube.com/watch?v=dQw4w9WgXcQ )
Share on:



 Latest Business Articles

Learn more about being in business
The PartnerUp's Community's "How-To" content provides a deeper, more complete look into the topics and issues facing small business owners.



Read more..


 Explore The Community



 Helpful Resources


 
 
Home » Forums » Starting A Business » Starting Multiple Businesses