A Startup Company in Multiple Industries?

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Entrepreneurship > Forum > A Startup Company in Multiple Industries?

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? (...) Read more? Sign up for free
 

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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 you need later on.
 

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

 
Concentrate on 1 SBU
Kirk C. Heriot, Professor, United States, Member
(...)
 

 
Go for a Single Business Initially
ANUJ KUMAR SHRIVASTAVA, Manager, India, Member
(...)
 

 
Start-up Company in Multiple Industries: Not a Good Idea
Nat Johnson, Teacher, Ghana, Member
(...)
 

         
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