Replicating your business model in other business platforms under a single ownership so that the business can expand and grow is called platform iteration for multiple markets. Just think about is! You have varieties of businesses under your ownership all known under a single brand which have acquired a great place in market!! Every entrepreneur has this dream so why not make this dream true?
Replicating the business model also decreases the risk of loss as if u do not go through with one business platform you always have the other as a back frame. Why not save time and make double profits? Use the same idea for various businesses and earn international reputation.
It helps you enter multiple domains with the same engine you hav built.
You gain universal reputation when you have varieties of product under a single brand
The more products and services you will launch the more will be your customer folk.
Introducing different products under a single brand would retain your monopoly in the market.
when you have the platform ready with you, you just need to apply it for different models and carry your business forward
If one platform fails you have the second in hand to carry forward with so rick becomes equal to zero
When you initiate the second platform you do not need to waste time in drawing the model again.
Obstacles in life should make you learn how to jump.. not quit