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Should You Try Multiple Ideas If Your Current One Isn't Working

If your current idea isn't working, you could definitely try a new idea, but Hiten suggests that does the two ideas in parallel is disservice to both you, and the company. If you think the old idea is not work, then stop working on it completely and go do the new one, or rethink the old idea, and figure out a way to make it successful.

Once a found moved on to a new idea, the old one is dead anyway, so there is no point in artificially keeping multiple businesses alive.

Transcript

Want to Run Multiple Startups? ·

The Startup Chat with Steli and Hiten

More from this episode

  1. What Is One Reason to Run Multiple StartupsUsually, if you run multiple startups it is a clear signal that you are not committed to any of them, and is not going to look good for you.
  2. Which Founders Can Realistically Do Multiple Things SuccessfullyDoing multiple things is really hard, but previously successful entrepreneurs can potentially pull it off by starting companies, and then quickly assembling…
  3. Can You Do Multiple Businesses SuccessfullyHiten Shah and Neil Patel were lucky enough to start Crazy Egg together, a company for which they were not able to raise venture funds.

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