One of the toughest decisions a business can wrestle with is whether to diversify (or not) and when. Diversification is a fancy term for anytime a business develops new products or services or enters new markets. Diversification can be full of pitfalls and uncertainty and costly in time, energy and money if done poorly. To Come along to learn the key questions every leader should work through when making a potential diversification decision.
Most business owners pursue diversification for one of four main reasons:
1. To make more sales $
2. Experience less risk
3. The core business is in decline
4. To build on potential new opportunities or relationships
Founders are able to book a 1:1 session with Mandy after the workshop.
This event is jointly funded by the Australian and NSW Governments under the Bushfire Local Economic Recovery Fund and delivered in association with Tamworth Regional Council and Armidale Regional Council.