PG, what would you do if you already had a profitable, slowly growing product that was based on a mediocre idea, and two new ideas:
A good idea with low diversification costs
A great idea with high diversification costs
I say diversification costs, primarily time and focus, instead of switching costs because the first product will still be maintained and grown, not abandoned.
Comments
PG, what would you do if you already had a profitable, slowly growing product that was based on a mediocre idea, and two new ideas:
I say diversification costs, primarily time and focus, instead of switching costs because the first product will still be maintained and grown, not abandoned.Depends on your goals. If you just want to make a good living with the least stress, change nothing. If you're more ambitious, try the great idea.