Honest Business

107. Strategies for Successfully Starting A Second Business

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Episode notes

Do you have a new business idea that you're eager to implement right away? Well today I am discussing what key things should you consider before starting a new business.
Throughout this episode, I will ask you different questions to help you understand if now is the right time, and consider challenges that might come up. Plus I share my strategies for running two businesses and how I've helped my clients launch new ventures successfully too.

Key points in this episode:

Considerations before starting a second business (00:01:01)
Getting clear on your motivations (00:02:05)
Impact on existing business (00:03:43)
Strategic planning for second business (00:16:22)
Understanding revenue projections (00:19:10)
Designing your business model (00:20:13)
Understanding your personal capacity (00:23:03)
Long-term perspective on starting a new business (00:26:03)
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