A Startup Company in Multiple Industries?

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Entrepreneurship > Best Practices

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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  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.

  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 (...)

  ANUJ KUMAR SHRIVASTAVA, Manager, India
 

Go for a Single Business Initially

Focusing on 1 would always be a good strategy as y (...)

  Nat Johnson, Teacher, Ghana
 

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

Get a foothold and build capacity to start and gro (...)

 
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