Comment on I don't know what part of this headline depresses me the most: "52-year-old worked 90-hour weeks in an oil refinery to save money for his business—now he's worth $9.5 billion"

• 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.

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  • 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.

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  • 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.

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