Sign in Subscribe

Why you should be building more than 1 business at a time

Last updated on Nov 14, 2024

Peter Levels, (the founder of photoAI) was very clear about the fact that only 1 out his 99 business ventures actually succeeded and states "ship more".

My experience is the same. 1 out of 10 startups will actually work. Most will fail. This is why venture studios are so good. They find the best but constantly testing and trying.

You should be able to quickly get MVPs up and test which ones work and which ones don't. it should take an average of 3-6 months to test one business. If your customers don't bite, cut it and move on to the next one.

TEST AND TRY

Keep testing and trying to see which ones work. Ship fast and move quickly. It does not hurt to start 10 sites, hopefully one will work.

Let me know your thoughts!

Subscribe to the newsletter

Articles are for general information purposes only and is not intended to constitute legal or other professional advice or a recommendation of any kind whatsoever and should not be relied upon or treated as a substitute for specific advice relevant to particular circumstances. We make no warranties, representations or undertakings about any of the content of these articles (including, without limitation, as to the quality, accuracy, completeness or fitness for any particular purpose of such content), or any content of any other material referred to or accessed by hyperlinks through these articles. We make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up-to-date. The content on this site should not be considered investment advice. Investing is speculative. When investing your capital is at risk. Crypto promotions on this site do not comply with the UK Financial Promotions Regime and is not intended for UK consumers.