Use your existing infrastructure to support your second business.
Your first business is humming along, and you've got an idea for a new enterprise. You can start from scratch, or you can kick-start your new company by using as much of your existing infrastructure-computers, office furnishings, communications equipment, even staffing-as possible.
"If your current business owns equipment and resources you need for the new operation, it doesn't make sense to spend the money duplicating what you already have," says Vicki L. Helmick, a CPA in Orlando, Florida. "Instead, invest your capital in marketing, manufacturing or doing whatever the new business needs to succeed."
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!