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?


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.

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.

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

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

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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