At the casino, doubling down on a bet can potentially increase your winnings if all goes well. In corporate circles, the term takes on a whole different meaning. It could refer to someone doubling their investment in a certain company, thus increasing the risk factor, but in one case, it refers to a large-scale separation process.
Neil Sedaka once sang that breaking up is hard to do, and that quote is as applicable to relationships as it is to the corporate world. When HP announced its decision to split into two companies, the company’s channel partners wondered how it would affect them, and most importantly, their business.
Much like the birth of a baby, the birth of a new small business is an exciting time. Ideas are fleshed out, leading to the creation of innovative products and services, and a power team is built to drive the business to a successful future. But if there’s one thing that every new start-up needs before getting called up to the big leagues, it’s a source of funding.