Importance of Diversification

You may be wondering why I used poorly-drawn cows for this example.  Well, I stumbled upon this article from Farmers Weekly Interactive that talked about diversification among young entrepreneurial farmers:
“Successful diversification means diversification, not distraction. This can, at worst, seriously undermine the existing business.”
To pull this back to a standard business standpoint, diversification can collectively steer your business or it can negotiate turns.  Though the only difference between those two points is semantics, I think that “negotiating turns” involves more planning and communication.   If you pull like-minded people from the exact same background, you will always receive the same, …read more