Diversification

Diversification:[dih-vur-suh-fi-key-shuhn]. noun- the act or practice of manufacturing a variety of products, investing in a variety of securities, selling a variety of merchandise, etc., so that a failure in or an economic slump affecting one of them will not be disastrous.

How many time have you walked past a black owned shop, to find that not only does it specialise in hair products, but it's also laden with mops and buckets, DIY tools, cleaning products, plantain crisps, bread, water and everything and anything else its savvy owner can think of? (Let's not forget the money transfer booth, and the calling cards on the side)

Don't get me wrong, I am not oblivious to one's need to branch out into other markets, especially in these times, but I cannot count the number of times I have walked past shops that seem to be nothing more than glorified junk sales, filled with a mish mash of different products. It's horrific to see the confusion going on in some shop windows. It just leaves me thinking, "mate, you're not being a smart business man, you just look confused!".



I took this photo of a shop on Plumstead High Street today. I remember the first time I passed it. I was gobsmacked! How are you going to name your shop "MONEY & CALL SHOP HAIR SALON MUSIC" and expect me to take you seriously? If you're going to branch out, at least invest some thought into it!

Earlier this year, I was walking down the same high street with Sankofa, when another one of those "anything will do " shops caught my eye.



You may not notice it at first glance, but there is actually a lot of activity going on in this shop. How many products and services can you see up for sale here? I'll start you off with the £5 hair cut being advertised in the window :)

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1 opinionated people have something to say:

Myne Whitman said...

That first shop is def confused. And are those cakes I see in a barbershop and salon window? Oh my...

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