A Startup Company in Multiple Industries?


 
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A Startup Company in Multiple Industries?
Parag Sontakke
We have started a company and we are focusing on 5 fields simultaneously viz. software, telecom, construction and training and electrical contracts (local work).
The reason why we are concentrating on all these fields at the same time is we are a very small company and need sources of revenue generation. We will focus on a single field after say 2 years or generating enough revenue.
Is this a good strategy? Or should we concentrate on a single industry or field only right from the beginning?
 

 
Concentrate on 1 SBU
PRABHA YADAV, Entrepreneur, India, Member
If you concentrate on 1 core competence only, this can enable you to gain expertise in that sector. That can help build your ideas and save capital yo...
 

 
Concentrate on a Single Industry
soe wai mg, Entrepreneur, Myanmar, Member
You should focus on one. Firstly, define which industry is the most suitable for your competence and resources. Being the best in a single selected in...
 

 
Concentrate on 1 SBU
Kirk C. Heriot, Professor, United States, Member
Parag, I concur. Focus on one thing. You will have limited resources during the first year or so. Trying to do too many things will simply decrease yo...
 

 
Go for a Single Business Initially
ANUJ KUMAR SHRIVASTAVA, Manager, India, Premium Member
Focusing on 1 would always be a good strategy as you need to build a brand image in the minds of people.
The above suggested strategy would make ...
 

 
Start-up Company in Multiple Industries: Not a Good Idea
Nat Johnson, Teacher, Ghana, Member
Get a foothold and build capacity to start and grow a business first. Remember, "A journey of a thousand miles begins with a single step." (Lao-tzu 60...
 

 
 


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