What’s In This Episode:
How many businesses are too many? Have you ever thought to yourself, “How many businesses can I run at once?” If you have, listen in!
Pop culture references Jill makes during this episode that may or may not have anything to do with the episode: Sarah Koenig, Jeff Bezos, Julia Child, and Beyonce.
Sometimes people run more than one business simply because they think they can handle it. Sometimes they get bored with the one business that they run, not realizing that the “boring” business is the one that actually makes them money. And the more you do it, the better you get at it, the more money you make, and making money is fun!
Neither Jill nor Brad thinks running more than one business at a time is a great idea, but it took personal experience for them to learn. Jill used to have the perspective that, if the businesses enhance each other, why wouldn’t you run them simultaneously? Brad now thinks that a business owner lacks confidence because they don’t think they can profit off of just one main business.
“When you figure out you’re talking to a different audience, kill the idea. It’s not working.” – Brad
If you have product lines and they’re all to the same audience, then it’s possible that everything contributes to one focus. And it may take some time to realize that you’re actually not focusing on one audience, no matter what you think. Jill experienced that when she offered Founding Kits for The Founding Moms, a product-based offering that ultimately failed.
Brad has run three businesses all at once, and it didn’t work out for him. He kept trying to revise and rework his projects to make them fit, and it just didn’t. But he had spent so much time and money, he was unwilling to let it go. Sometimes, you just need to.
What has been your experience with running multiple businesses at once? Let us know! Listen in!»
Talk to us! Leave us a Google Voicemail or text us with your burning business question so that we can read it in a future episode at 708.872.7878. Or tweet at us using hashtag #jillnbrad. And leave us a review on iTunes — pretty please? Over here!