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Knowing the right time for business diversification.
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[QUOTE="TOZZIBLINKZ, post: 262614, member: 37528"] The business retention and activity of diversification is never nothing bad in a business organisation but what is totally bad is the way that majority of business owners who control and own business organisations today absolutely engage in business diversification and from what I personally have seen they do this wrongly that is why their businesses never last the test of time and sooner or later a business may go bankrupt or even fold up as a result of wrong move of diversification . It is indeed a good thing that you want to diversify in business but before you do that there are some things to you must be able to see clearly happening in the business organisation before you can diversify . To be more elaborate and explain native the business in particular must make more than enough profit as expected and as planned and also the business organisation must be well recognised in the neighborhood in which it is being established and the life and the existence of individuals and members of the public around it must be impacted so much to the extent that they can even live without its services or products that it possibly sell or render . We know these are clearly visible in a business organisation then absolutely it is necessary and advice for the business owner to choose to diversify in business . [/QUOTE]
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Knowing the right time for business diversification.
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