On Own It! The Podcast, episode 135, are you an entrepreneur running multiple businesses? We sure hope not! Both Judith and Nicola have attempted to do this themselves in the past, and both of them have clients who are attempting to do it now. They debate the pros and cons and dispense their advice to focus on one, at least initially, to the exclusion of all else. But only if you want it to be successful and profitable, natch!
In the show…
Nicola has returned from sunny Stoupa to spend some time in rainy Cardiff with a client (who’s running multiple businesses). She describes her hotel experience, being upsold to breakfast and a bottle of water, and her difficulties in finding a plug adjacent to a mirror so that she could see to blow-dry her hair, a perennial hotel problem it would seem.
Judith’s had a leisurely few days in the sun, BBQing, a friend visiting for the day and no SBBM calls last week. She’s having a life, and Nicola’s getting pretty good at that too, lying on the beach with a novel most afternoons…in Greece, not in Wales
Client Challenge Of The Week
Are you an entrepreneur running multiple businesses? Well, stop it immediately and find some focus, that’s J&N’s advice. They’ve both tried it both ways – one business/one focus and multiple businesses/split focus, and they know which way works best. They discuss how to help a client pick and stick with just one until it is successful, and what to do with the other opportunities in the meantime. Sell, park, outsource, or get managed? Any business you’ve started and grown to a certain predictable or recurring revenue must be regarded as an asset to be looked after, managed or sold, so don’t just give it away or shut it down before you’ve investigated that opportunity too.