The pros and cons of running multiple businesses
https://sujanpatel.com/saas/running-multiple-businesses/
"At one point, I was directly involved in running nine businesses – eight SaaS companies and a marketing agency – with monthly recurring revenues ranging from $10,000 to $800,000. Here's what I learned..." (hint, he'd do it again).
The most obvious pro is the diversified income, which he touched on, but I also appreciate that he brought in a few things I'd never thought about. Like being less emotionally involved when you run multiple businesses, which often allows for better decision making. This makes sense! But I also wonder if it takes a measure of emotionally involvement to push themselves to where they need to be actually become successful. 🤔
his point about "when things get bad, they get really bad" actually made me laugh a little. I can't imagine going through the covid times trying to rescue that many companies at once! good for him that it only took him two weeks to recover from his "crushed dreams." Lol, very resilient!