Can you have the second business

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Bisolami

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After you have managed to start a business and surely is doing well, can you think of starting another business so that you may have two different types businesses operating simultaneously?
It is possible to have the second business and even the third one but you should be able to handle each businesses
 

Magnus2022

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Jack of all trade is a wrong approach to business. A business needs consistency, planning and managing. All these involves time and energy which will be difficult to manage two business at the same time.
 

Springtime

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I'm currently doing translation. Am considering to offer business consulting service to start-ups and SMEs, helping them to write business proposals and apply for government funding. I have already talked to a few potential clients who would like to start a small business and get government funding.
 

Starmix

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I plan to have another business. It's online not offline. I already have offline business. The next one online and that's selling fashion boutique.
 

eldavis

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There is nothing wrong in starting up another business, you are actually expanding your sources of income. You simply just have to make sure that the business is in a stable ground before you think about starting another one.
 

Heatman

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Well, if you have more than enough capital to start out another business why not? But make sure you have good knowledge about the business.
 

Reedex

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Having the second business will be better because it will it will be one of the ways to make reasonable amount of money for yourself and you will definitely enjoy it.
 

Niyi Briggs

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You need to have multiple streams of income. When your business is already firmly established, it is just natural that you have to grow. And that can happen through establishing another business or expanding by opening branches.
 

Shortie

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If you have created a business that has become successful and you feel that you will be able to handle the running of the successful business and building up a new business as well then I say go for it. It is all about you as a person and what you feel you can manage with your time and other commitments you have with your first business.
 

Shavkat

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I do have my second business and that is, online shop. My first business is offering my service by teaching students online from China. It has been my primary business for more than 8 years now.
 

eldavis

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Yes it is very possible to have a second business but like you said you need to grow the first to a level where it can run on its own so you can focus on growing the other.
 

Hate2Wait

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To experience this thing I first need to have one business and it should start yielding profits and be in a stable state but I don't have any business at this time so I need to wait
 

Bisolami

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After you have managed to start a business and surely is doing well, can you think of starting another business so that you may have two different types businesses operating simultaneously?
I can run two businesses at the same time because I am capable of managing two things at once.
 

Springtime

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I think it is possible for a business owner to have multiple businesses. S(he) does not need to run every business on his/her own. S(he) can hire management professionals to run the businesses.
 
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