Those who seem fixated on "core business" manenos need to study a few businesses around the world.
General Electric is one such example.
Read about General Electric hereQuote:GE's divisions include GE Capital, GE Power & Water, GE Oil & Gas, GE Aviation, GE Healthcare, GE Transportation, and GE Home & Business Solutions.
Through these businesses, GE participates in markets that include the generation, transmission and distribution of electricity (e.g. nuclear, gas and solar), lighting, industrial automation, medical imaging equipment, motors, railway locomotives, aircraft jet engines, and aviation services. Through GE Commercial Finance, GE Consumer Finance, GE Equipment Services, and GE Insurance it offers a range of financial services. It has a presence in over 100 countries.
This obsession with "core business" is totally misplaced. Words like
Conglomerate and
Subsidiary were coined for a good reason!
Of course if not well managed, it could sound a death bell and if well managed it could be one hell of a success story. But so is everything else!!! Including exercise and drinking water!!! Every health worker will tell you to exercise and drink plenty of water, but any of these two can actually kill you! Same in business.
Tafakari hayaNever count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.