Hello! I've come across companies that operate in multiple sectors, and it usually depends on several factors. First, it’s essential for the company to have a strong team capable of managing different projects and areas. Second, having connections between niches can significantly enhance the chances of success. For instance, agricultural companies might benefit from
combining farming with processing or logistics.
However, diversifying into multiple areas can also increase risks if resources and attention aren’t managed well. Finding a balance is crucial to ensure that one niche doesn’t suffer due to a lack of focus.
When it comes to agriculture, companies that can innovate and adapt to market demands tend to have greater success, even when they operate in several niches. What examples do you have in mind?