John K Mitchell's Misc Blog

The Pros and Cons of Diversifying Your Small Business
Reading Time: 5 minutes : The Pros and Cons of Diversifying Your Small Business Running a small business is never boring. One minute you’re smashing it with sales, and the next you’re wondering where all your customers went. To keep things fresh (and safe), some small business owners decide to diversify. But what does that even mean? And is it always a good idea? Let’s break it down in plain English. What Is Diversification? Diversification is when a business adds new products, services, or markets to what it already does. So instead of putting all your eggs in one basket, you spread them out a https://www.forestsoftware.co.uk/blog/?p=2450