“A would-be entrepreneur is considering launching two different businesses simultaneously. Bad strategy, says our expert
Q: My partner and I want to start a tax-preparation enterprise that also handles bookkepping and payroll preparation. We also would like to start a separate entity that rehabs inner-city properties. Should we undertake both at the same time, as the payroll/accounting business could serve as the back office for the rehab enterprise? If not, how should we time the two startups?–C.S., Philadelphia””
– Don’t do two at once!! One business is hard enough to work on. -ed.