CALVINDOL
VIP Contributor
Business diversification is definitely a good thing for example it totally proves that a particular business has grown to the state of successful life and productivity including profitability and when a business diversify it looks forward to make more business productivity and more business output . Business productivity and business output can be made possible if a particular business organisation totally looks forward to the time where it will be able to accommodate that and the diversification of business is indeed a good way to make more business and put small business profit . My definition or description diversification simply means a situation where a particular business exist some other place performing similar activities and similar practices for the purpose of reaching the ones and needs of the members of the public even more and more .
A business must be able to be productive and also must be successful at first before thinking of diversifying because if you diversify a business that has never shown a sign of profitability all successful is you may end up establishing a business elsewhere that will not make any profit and any income for you .
A business must be able to be productive and also must be successful at first before thinking of diversifying because if you diversify a business that has never shown a sign of profitability all successful is you may end up establishing a business elsewhere that will not make any profit and any income for you .