Building a diversified business portfolio involves several steps:
1. Assess Current Portfolio: Understand the current assets and investments. Identify areas of concentration and potential risks. 2. Research and Identify Opportunities: Look into different industries and markets. Research trends, demands, and potential growth areas. 3. Allocate Resources: Decide how much time, money, and effort to invest in each new venture. 4. Monitor and Adjust: Continuously monitor the performance of each investment and make adjustments as needed.