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2 years agoUnderstand but make sure you have proof of concept. Sometimes people start a business and it’s just enough to keep their hopes up and keep going but not really profitable.
Understand but make sure you have proof of concept. Sometimes people start a business and it’s just enough to keep their hopes up and keep going but not really profitable.
Make sure you have some clients. Is there anyone who wants what you’re selling?
I have done this and still do it to some extent. I assume that you are doing this to see what business model will be more successful and then you can put your energy into that one. The only way I would do this, as I have done, is if the three businesses were related to each other. Otherwise I think you are confusing your clients and possibly spreading yourself too thin. Hope that helps.
I’m in my 12th year now but I will ALWAYS remember this mistake!! Overvaluing my business partner and under valuing myself, splitting the company with him 50/50 when I was the person with the expertise and the money to put upfront. I was SO STUPID!! In our 5th year I caught him misappropriating our funds and kicked him out of the company. We are a much better company now and I don’t have to split 50/50.