The BizBuySell Small Business Community

  • Get Expert Advice

  •  • Find Local Service Professionals

  •  • Share Your Experiences

We are a very specialized firm. Do you think it is a good time to diversify into other industries?

Brad Barnett

Answer This Question

max 5000 characters

Web Reference (optional)

e.g., ""

Review Community Guidelines

Help keep our Community clean and on topic. The BizBuySell Community is a place where you can discuss your questions, concerns and knowledge with others you can trust. It is not OK to use this forum to solicit others for personal or financial gain, illegal activities, or to rant about personal issues. Please review the full guidelines if you have any questions.

Submit Your Answer
Answers (1)
No User Photo
The BAF Group LLC

If you/your staff has the expertise to manage other industries. On the other hand, many of the FORTUNE 500 Companies diversified years ago, only to find out that they went too far and could not handle widespread control issues. So, be certain you have that ability and do so conservatively, I guess is the key. No knowing your current industry and capabilities, one suggestion might be to look in areas that have some sort of synergy with your current operation.

Aug 26, 2011