Diversification can make entrepreneurs more resilient

Putting all your eggs in one basket can be a great way to generate wealth. Many entrepreneurs have created large fortunes by concentrating their energy and financial resources on building up their business.

Add the fact that most entrepreneurs are natural risk-takers, and it can be tough to convince them of the merits of diversification.

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A version of this article appeared in the print edition of The Straits Times on August 05, 2019, with the headline 'Diversification can make entrepreneurs more resilient'. Print Edition | Subscribe