The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  • Self-Promotion Saturday Now Live!

    Have something to sell? Want to promote your design service or a YouTube channel? SELL-ME SATURDAY is your opportunity to self-promote anything within the sphere of entrepreneurship on one thread... and at no cost. Go There
    Note: Indiscriminate SEO backlinking to questionable material is not allowed.
  • Join 50,000+ entrepreneurs who are earning their freedom and living their dream.

    "Fastlane" is an entrepreneur discussion forum based on The C.E.N.T.S Framework outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED®). From multimillionaires to digital nomads to side hustlers who are grinding a job, the Fastlane Forum features real entrepreneurs creating real businesses with one goal in mind: Freedom— both financial and temporal.

    Download (Unscripted) Download (Millionaire Fastlane) Register
    Registering for the forum removes this block.

Vertical Integration vs Specialization

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Togorashi

New Contributor
FASTLANE INSIDER
I've Read UNSCRIPTED
Oct 24, 2018
7
16
18
Somewhere in Texas
Im meeting with a potential business partner on Friday to discuss some ideas we’ve been kicking around. There are some great opportunities in the local agricultural industry where I live. It has a lot of growth potential and we have a real mission to help our local farmers. Every step of this supply chain needs to be improved and expanded. Some of those steps are going to be more profitable than others but of course they’re all interdependent. He’s leaning more towards specializing whereas I’m leaning more towards integrating. I worry that our business will be hampered by bottlenecks out of our control. Better to have some control over all the steps in the chain. One step in the chain would be very capital intensive (but maybe the most profitable and the most critical bottleneck) whereas all the other steps would be easy to bootstrap and scale.

How do I go about analyzing whether to specialize in one area (where I see the most potential impact) or to become a one stop shop for everything? What are the different factors that go into that decision?

Thanks for the help.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Fox' Web School's "Legend" Group Coaching Program 2020
For those with the "can web design be Fastlane" question this video by @MJ DeMarco is a great...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Just got off the phone with @LightHouse. Having just a 45 minute conversation with him has...
  • Sticky
MARKETPLACE Kill Bigger Incubator
@Kak Out of curiosity, what types of businesses are you advising on? (I read this whole thread...
  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Just bought 5 of your Upwork courses. Thanks for making valuable content Lex!
  • Sticky
MARKETPLACE Grow Your Business With a Book (An Unorthodox Marketing Strategy That Built One of the Largest...
Thanks for your offer to look at my book. Here's the link to the squeeze page Buy The Prosperous...



Forum Sponsor

sponsor

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom