How do you ensure longevity in your business

[Mostee501]

Ensuring longevity of business requires transparency, consistency, durability, avoid indecisions in what ever business your into because one indecision can cost you alot that migth be difficult to recover from.

 

[Bilal0087]

I'd like to know some methods employed in today's business environment that allows businesses long lifespans especially taking into consideration different market trends. Cost, inflation, marketing cost and so on.

A business with proper planning and strategies can run for long time and lifespan of business depend upon the a person's priorities, preferences and strategies.
A wise business man always examine all the activities dealing of the business and he also have a backup plan to tackle with difficult situations to survive in Crisis.

 

[ahmedo24]

Sustainability or longetivity of a business actually depends on the planing of the business from the scratch and the need to keep on track all needed adjustment factors as they unfold in the business because a sustainable business must be a growing business.

 

[Milz]

Having your customers and suppliers available. Dealing with customers complains. Having a efficient and hardworking staffs. keeping the financial records of all income and expenditure in the business, just to name a few.

 

[Shayo]

That's the place of accounting, you can ensure longevity of your business by keeping track of your business finances. Don't spend on unnecessary things that won't help or yield profits for the business in any way. Avoid taking too many loans, debts may bankrupt a business if not managed properly.

 

[jay]

Longevity of business can be achieved when you take proper care your business. Be conscious of the inflow and outflow income, taking stocks occasionally, maintaining a good customer relationship etc. All these entail what managing business is all about.

 

[Prettyjanie]

To enjoy longevity in your business, you have to be persistent. When you a start business, it is not all rosy, you need to be patient, be persistent and always see how you can improve on yourself, you should strive to be better than you were.

 

[Aaliyan]

Small businesses fail all the time. Gene Marks, author of The Small Business Desk Reference, says their average lifespan is about eight and a half years. According to the Small Business Administration, about 550,000 small businesses close each year

 

[Ayokex]

The joy of every business owner is the longevity of the business. Of what good is the business that you spend your income to establish and exerted your efforts but fail in a short period of time? Longevity is part of the initial plan of every business but what ensures it proper managerial plan. If a business is not properly managed failure is inevitable.

 

[Cybersec]

I think that one of the key points to maintain longevity in a company is good management, constant product updating, going hand in hand with modernization, having satisfied customers with the sale of quality products apart from having good employees and loyal to the company, which is achieved by valuing and encouraging each of them, whatever the position.

 

[tuna89]

Longevity in business depends on how effective you manage the business, do make sure to have an effective management of staff who have great customer services skills, strengthen your marketing and sales department for great improvement in daily sales, the human resource department should also ensure effective development and welfare of staff amongst others.

 

[EMMANUEL]

To me, longevity is mainly talking about the life span of a business, the life span of a business can only be determined by the quality, commitment, discipline, consistency towards the business because it goes a long way. When a business has a solid foundation it is said to stand even when the storm blows.

 

[Nicklas22]

You just have to have a realistic vision and you just have to focus on your goals and maintain your motivation and you don't have to give up in your plan and you should also you should learn to adopt to a change and don't always quit

 

[Abelcairo43]

Your endless activities will determine your longevity in a business. If you can stay put and have believe in whatever business you are doing, you will definitely earn more.

 

[Seun4luv]

Business longetivity can be defined as the sustained existence of company. Longevity is the. continuity of the firm beyond the career span of its founders. The increase of mortality of firms has been a re arrange.

 

[Blessingedidiong]

To keep the longevity of a business, consistency and commitment must be taken with great importance. The quality of the product or service rendered must be maintained too.

 

[abubakar3141]

Strategies for maintaining longevity in industry
With a practical vision, engage in ongoing preparation. ...
Establish a view of the future that is practical. ...
In improving leadership and executive skills, utilizing disciplined approaches. ...
Adjust to circumstances which change. ...
Growth in control. ...
Maintain encouragement.

 

[OderuMiracle]

It has to do with the management team.
And by you having full control of the business, the mindset and qualified for it

 

[Philip Omotayo]

To ensure longetivity in business, such a business must have be thriving over times. And to make sure of that, one must put in tenacity, focus and perseverance to sustain it. Sustaining it, there must be proper management of both the capital and profit of the business.

 

[Sheyemanu]

Well, I personally feel that you can ensure longevity in your business by being consistent and dedicated to your business and also bringing new strategies and innovation in order for you to maintain and sustain your customers and also keep your customers coming. I also feel that you should not overlook the importance of financial statements and having a financial advisor