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Start Ups: Starting two businesses at once. Is it recommended for a new entrepreneur?
DB
DB
David Berman, Bootstrap Expert answered:

This is definitely NOT recommended.

Don't waste time trying to figure out WHY this is a bad idea. Just choose one venture and get to work.

You are obviously passionate about your ideas. That passion will help you get through some of the challenges you'll no doubt have to face in the very near future.

But in my experience passion is not enough (at least not in business!).

I'd HIGHLY suggest you work out an initial business model before you invest any money.

At the very least - do what you can to learn if there is a market this is equally excited AND that they are willing to pay for it AND that you can build a viable business around that product / market match.

WARNING: Assuming that any of those factors are true without completing your due diligence BEFORE you get started is a recipe for failure.

Since you are a "new entrepreneur" it would be wise to invest in a mentor. Find one here on Clarity - or tap your personal network.

If what I've said resonates with you let's talk and I will help get you off to a strong start.

In any case - I wish you the best of luck and great success!

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