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A multi-disciplinary type is a way to challenge many businesses and services, and to increase some of the major successes as a result of many failures.
It can be seen in areas where success is low, but the return is large, like IT companies, startups, games, apps, and venture investments.
It is important for investors to confirm the stability of the main business, not the number of new businesses, the financial endurance that can absorb failure, the mechanism to increase the success business, and the stability of the main business.
First Con まず
It is important that you do not short-circ。 with a growing company because you are challenging a lot.
There are three points to see:
| ation Point | Reasons to See |
|---|---|
| Endurance | Is it possible to absorb many failures? |
| How to grow a successful business | Is it possible to grow our business? |
| Main business | Is there a source of revenue that supports new challenges? |
The multi-disciplinary dies can be a huge success, but they can’t continue to challenge when funds are made.
It is important to see not only growth but also survival.
What is polydymium?
A multi-diesal type refers to a structure that has a lot of effect and many disappear.
It is originally a term used in commercial facilities, but it is used in business and investment as follows.
- Launch a large number of new businesses
- Small-scale service
- View market reactions assuming failure
- Focus on funds and human resources to some successful businesses
It is not a strategy that makes everything from scratch.
A strategy to find a few big successes while accepting many failures.
Why use
It is because it is difficult to understand what to win in a new market, even though it is used for multi-pro。 polydymium.
In particular, it is difficult to predict in the following areas:
- AI
- SNS
- Game
- Mobile App
- EC Services
- サブスクリプション
- New Consumer Services
It is difficult to succeed in the field where technology and user preferences change rapidly.
Therefore, it may be reasonable to try small and invest in something with good reaction.
Example
Multi-disciplinary type can be found in startups and IT companies.
| 分野 | Reasons to be multi-disciplinary |
|---|---|
| Startup | The market is unmatured and the market is large |
| VC Investment | Recall some of the most successful investment destinations |
| Game | The difference between hits and unsuccessful |
| アプリ | The development cost is relatively small, making it easy to test user reactions |
| AI Services | Fast technical changes and need application search |
For example, if you have 10 services and 9 failures, you may succeed as a whole if one is bigger.
However, if you do not have one, you will only have development fee, labor cost, and advertising fee.
Merit 1 Possibility of great success
The fascination of multi-dieselism can lead to significant profits.
| Number of challenges | 成功数 | Result |
|---|---|---|
| 100 | 1 | Possibility to recover failures with one huge hit |
| 100 | 0 | Loss on development and advertising costs |
In this way, the return is very easy.
Especially in digital services, the cost of gaining additional users is relatively lowered once hit, and the profit rate may be improved suddenly.
Merit 2 Easy to respond to market changes
A large number of companies can easily respond to market changes.
It is because it is possible to change direction while watching user reaction and technology change without fixed to one business.
For example, you may be able to transfer data, customer understanding, technology, and human resources from there to another business even if one service does not grow.
In this sense, multi-disciplinary polydymium is not just a continuous failure, but also a strategy based on learning.
Demerit 1 High failure cost
Many challenges fail in the multi-pro、 polydymium.
Therefore, the following burden will be easier.
- The development cost is swelling
- Advances in advertising costs
- More labor costs
- A red letter
- Increased shares to dilute
- More loans
In particular, in the case of a listed company, if a new business fails, the shareholder will be asked to “when will the profit?”
Cash balance and financing power are required to continue challenging.
Demerit 2 Evaluating corporate value
Multi-disciplinary, multi-disciplinary enterprises make it difficult to determine corporate value.
That’s because we don’t know which business is successful.
| Hard to evaluate | Reason |
|---|---|
| Sales forecast | The success business is not yet visible |
| Profit | Proactive investment and withdrawal costs |
| Co ity | It is difficult to determine whether the hit is temporary or long term |
| Required Funds | Additional funds will be required if failure continues |
For beginners only look at the growth story and look attractive.
However, the risk of deficit co、ity, lack of funds and di、 may be hidden.
Points to be considered to investors
If you are looking at a multi-disciplinary multi-disciplinary company, check your strength to continue challenging.
Minimum items are as follows:
| 項目 | Check |
|---|---|
| Cash Balance | How many years can I endure the deficit? |
| Cash Flow | Are you making cash in the business? |
| Main business | Is there an earning head that supports new challenges? |
| Advertising expenses | Isn’t it too large for sales growth? |
| Capital History | Is there no stock di ? |
| With al decision | Is there a standard to stop failure business? |
What is important is when to withdraw the failure business.
Multi-diesel die is not only the power to challenge, but also the power to break.
Common misunderstandings
A common misunderstanding is the viewpoint of a company that has many new businesses.
In fact, it is not a growth company because there are many new businesses.
Dangerous things are:
- Many businesses
- Not monetized
- Follow the trends
- No past failures
- ambiguous withdrawal criteria
This is a state where there is no mechanism to grow success even if it is "multiple".
Investors need to check how to grow successful business rather than the number of new businesses.
Checklist for Individual Investors
Before investing, check if you can answer the following questions:
| 質問 | Search |
|---|---|
| What is the main business? | Financial Results and Segment Information |
| Is new business sold? | Segment sales, KPI |
| How many years can I endure | Cash balance, business CF, loan |
| Are you investing in a successful business? | Investment plan, personnel placement, advertising expenses |
| With al of failure business | Timely disclosure, business withdrawal announcement |
If you do not know the answer, it is dangerous to invest only with growth expectation.
In the multi-dyed type, it is necessary to see not only dreams but also money repeat at the same time.
A multi-disciplinary multi-disciplinary is a strategy that increases some success while taking a lot of failures.
It is used in large areas where success is low, such as IT companies, startups, games, apps, and VC investments.
However, the number of challenges should be considered as investors.
The key is the stability of the main business, which is a mechanism that extends the success business, which can bear failure.
Before investing, check “How many failures can this company endure?”
It is the first step to understand multi-disciplinary and multi-disciplinary companies, not only growth but also survival.
出典
- Investor.gov "Understanding Risk": https://www.investor.gov/introduction-investing/investing-basics/what-risk
- Investor.gov "Research Before You Invest": https://www.investor.gov/research-you-invest
- Investor.gov "Five Questions to Ask Before You Invest": https://www.investor.gov/introduction-investing/getting-started/five-questions-ask-you-invest