meta_pixel
Tapesearch Logo
Log in
Dan Lok Show

How To Manage Multiple Businesses Simultaneously

Dan Lok Show

Dan Lok

Entrepreneurship, Management, Careers, Business

4.9824 Ratings

🗓️ 6 October 2020

⏱️ 5 minutes

🧾️ Download transcript

Summary

For most entrepreneurs, it’s challenging enough to run one business. So, it’s better to focus on one only. Still want to know how to manage multiple businesses simultaneously? Discover Dan’s full advice in this episode. Got something out of it? Share the podcast with a fellow business owner.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, Dan, I have a question.

0:15.0

How do you manage multiple businesses simultaneously?

0:18.0

My sincere recommendation is don't. Don't try to manage multiple businesses simultaneously. My sincere recommendation is don't. Don't try to manage multiple businesses

0:24.0

simultaneously. I think for most entrepreneurs, most entrepreneurs that I advise and consult with,

0:31.2

I almost always recommend them to just focus on one thing and do that very, very well.

0:38.3

I don't think for most business owners,

0:40.3

they should be involved with so many businesses.

0:44.3

Because it takes so much effort and so much time and energy

0:48.3

just to make one business work.

0:51.3

Business is tough enough, and when you are trying to make two things work,

0:54.9

of course you have Elon Musk, you have Space X and Tesla, yeah,

0:58.3

but Elon is exceptional, right?

1:00.5

There are so many entrepreneurs out there that they are having a little bit

1:05.0

of that shiny ball syndrome, including myself, by the way,

1:07.8

I'm just as guilty, where, yeah, I want to do this and I want to do

1:11.2

that, I want to do this, and I want to do that as well. But every single time you add another

1:15.2

business to your portfolio, it takes away certain attention from the other businesses, and that

1:22.4

becomes an issue. Now, I'm not talking about you being an investor that you have someone else

1:27.4

running it, right? If you're investing a an investor that you have someone else running it,

1:28.0

right? If you're investing a business, you've got someone else running that business, a CEO,

1:33.3

a general manager, that's great. But if you're actually managing multiple businesses, it's very,

1:38.7

very challenging. So it depends on your business model. Now, however, if you are one of those serial entrepreneurs,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Dan Lok, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Dan Lok and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.