Your Second Business

Many entrepreneurs start a second business using the same location, ofiice equipment and resources of a first business. This works great and allows you to test the waters without diving in completely. I've done this many times and it's easy to get out if the business isn't working the way you had planned. And if it starts to prosper you either move out or allocate more space for it.

If you're starting a second or third venture, you can make it part of the original business or another independent business altogether. Just because you're using the office or store of the first business doesn't mean it has to be part of the same company. You're simply investing all the resources you already have and taking some of the burden off the new venture. So if you have another new idea for a business don't wait for someone else to use it take an inexpensive chance to see if it works.
More on business success in my book "90 Days to Success as a Small Business Owner"