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Diversify but first strengthen your core business

I read about it periodically.  Large organizations that are well known for their core business but are in completely different industries as well.  Some manage it well but a lot of them do not.  Why?  Well, if you are well grounded in the restaurant industry, does that necessarily help you in running a barber shop?

It's not wrong to want to diversify but keep in mind that each can burn a hole in your bank account if you aren't careful.

Make sure adding an additional business line makes sense to you and that you have the infrastructure to support it.  

I am a CPA in San Antonio and provide bookkeeping, payroll, taxes and more.  We offer a free initial visit and look forward to serving your business needs.

Richard J. Garcia | 11/19/2011