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Funding a business
When is best to have second business?
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[QUOTE="Shaf, post: 278185, member: 25467"] The obvious answer to this question would be to start a second business only and of the first one is a success and can be run without hitches, by you or someone else. It depends on your experience and the type of business though. There are some things that will always require your full attention, and combining to them with others won't work. Some can be outsourced or managed by someone else, while some can be done at the same time. You should also consider the location of each business. If they are far apart, it could be difficult to manage or supervise one. Most times, it's easy to diversify into doing an online business if the other is offline. The time and location constraints can be fewer. It also depends on you. Not everyone can handle the stress that comes with working extra hours or extra jobs, which is a sure thing you'll experience if you have more than one business. [/QUOTE]
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When is best to have second business?
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