Managing Multiple Businesses
(BusinessWeek.com) — Eight years ago, Hamilton Chan faced the daunting task of turning around his father’s 30-year-old commercial printing business and shoring up its flagging customer base. Five years later, the Los Angeles company he had grown up working in was back in the black.
So Chan started all over, founding a second company, online stationery seller Paperspring.com. He is CEO of both companies and employs 22, with three individuals working solely for Paperspring and “lots of overlap” among the others.
When is one company just not enough? In Chan’s case, the moment arrived when he needed a new challenge.