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Business strategy
Benefits of having a line of business
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[QUOTE="Augusta, post: 225098, member: 25283"] I know we often times want to experiment with different lines of business. but sometimes it aid in quick collapse of the business. This is because you are almost doing everything at the same time. when this happens you don't get a grip at any and this quicken failure. So having a line of business comes with great benefits that overwhelm being a jack of all trades. The below are the benefits. Specialization: Having a line of business will help you do better as you would concentrate on just this one and you become great at it. Effective result: This is another benefit as you would have been able to grab all that's needed to progress with the business and you would have a better result with the business at the end of the day. Better understanding of the business: With just one line of business you would have been able to understand the business better. As you have just one of it to study and come to know how to run it better. Efficiency: one thing about having a line of business is that it makes one efficient at it, because you would only be having to deal with the business and seeing to it everyday will bring efficiency. What do you think? [/QUOTE]
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