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Capitalize on New Business Opportunities Through Diversification

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Business Management

Capitalize on New Business Opportunities Through Diversification


November 13, 2020
Group of architects
Photo: master1305

Containing your business and its offerings to a bubble leaves more possibilities for that bubble to burst. The National Association of Home Builders believes that by diversifying offerings, builders can grow their business and, in return, see more profit. If that notion seems intimidating, NAHB will be offering 25 different opportunities perfect for builders to take advantage of through their next online course. Diversification: Capitalizing on New Business Opportunities will be a two-part online course featuring instructor Tom Stephani, CMB, MIRM, who will cover commercial building, remodeling, special use structures, and institutional projects.

The course will analyze the factors that affect success in diversification and learn the due diligence steps to take when preparing to diversify.

What to expect from this live online course:

Define the concept of diversification and identify its related benefits and risks.
Identify types of businesses that provide diversification opportunities for builders, remodelers, residential contractors and small commercial contractors.
Consider aspects of each diversification opportunity before selecting it as a viable option.
Determine whether diversification is a desirable option.
Identify due diligence that should be performed once an area of diversification is chosen.

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