A Startup Company in Multiple Industries?




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Parag Sontakke, India

A Startup Company in Multiple Industries?

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?
 

Rating

 
1
PRABHA YADAV
Entrepreneur, India
 

Concentrate on 1 SBU

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 you need later on.

 
1
soe wai mg
Entrepreneur, Myanmar
 

Concentrate on a Single Industry

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 industry will make the brand, what you are. After building the brand, you can start other businesses you'd like to do.

 
1
Kirk C. Heriot
Professor, United States
 

Concentrate on 1 SBU

Parag, I concur. Focus on one thing. You will have limited resources during the first year or so. Tr... Sign up

 
1
ANUJ KUMAR SHRIVASTAVA
Manager, India
 

Go for a Single Business Initially

Focusing on 1 would always be a good strategy as you need to build a brand image in the minds of peo... Sign up

 
1
Nat Johnson
Teacher, Ghana
 

Start-up Company in Multiple Industries: Not a Good Idea

Get a foothold and build capacity to start and grow a business first. Remember, "A journey of a thou... Sign up

   

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