Aren’t companies generally supposed to diversify in order to grow past a certain size? I mean obviously it worked out, but I thought that was the rule of thumb.
Diversification can be done on the back end of the business, doesn’t need to be customer facing. I’m certain that the founder has a healthy stock portfolio with his net worth.
I have yet to see an example of a business diversifying and not getting worse. Find one thing you’re good at and do it well. Leave other things to other businesses.
AngryCommieKender@lemmy.world 1 month ago
No, but when they were a startup, that was certainly a consideration. As for now, well, why change a formula that clearly works?
FlyingSquid@lemmy.world 1 month ago
Aren’t companies generally supposed to diversify in order to grow past a certain size? I mean obviously it worked out, but I thought that was the rule of thumb.
AngryCommieKender@lemmy.world 1 month ago
Diversification can be done on the back end of the business, doesn’t need to be customer facing. I’m certain that the founder has a healthy stock portfolio with his net worth.
BallsandBayonets@lemmings.world 1 month ago
I have yet to see an example of a business diversifying and not getting worse. Find one thing you’re good at and do it well. Leave other things to other businesses.