Sustaining business growth

[Profwriter]

Statistics reveal that most companies die within five years of establishment and this makes this thread a very important one as we try to examine how one can sustain business in times of drought

 

[Adventurer]

Starting a small business is not easy, when the business is established it is better to manage the resources you have in order not to have cash flow problems, hire the right staff and make your presence known make sure you don't leave your business in your staff's hand.

 

[KvngMurphy]

0perational efficiencies is one of the major ways to sustaining business growth hence they drive costs down and embed a mindset within the workplace culture that makes people sensitive to costs and ways to streamline how the organization communicates, operates and connects the dots of opportunities.

 

[Husnainali]

At the beginning of the 21st century, Sustainable Business Development (SBD) is a thing of the past. ... Sustainable development includes defining, integrating, and achieving social, economic, and environmental goals and initiatives to protect humanity and the natural world.

 

[Dubai]

Statistics reveal that most companies die within five years of establishment and this makes this thread a very important one as we try to examine how one can sustain business in times of drought

The sustainability of any business depends on the mentality of the owner. That is, the stronger the mental strength of the owner is, the longer the life span of the venture. Most people are too weak in their mind, hence, once they encounter challenges in their business they call it a day. This can be over come by ensuring that adequate concentration in uplifting the mentality of the business owner is looked into.

 

[Godleads1]

For a business to overcome the usual crash which occurs in between the first 5years, the owner must have a mentality that overcomes any obstacle that comes the way of the business. Also, wise spending or judicious use of the income from the business is important.

 

[Shayo]

You can sustain your business during drought by staying efficient. Every business has its downtime when sales may not rush in as usual, it is now left to the management to maximize and capitalize on the few opportunities as well as the loyal customers to keep the business afloat.

 

[Trojan8]

I agree with your statistics the hardest stage of a business is the beginning stage. Most firms fail during that period as it is the most trying times for business. I believe what a business has to do is to keep reinventing itself as this is the only way they can survive. Also having a clear understanding of how it environment works would prove valuable for it survival.

 

[Mostee501]

In sustaining business growth there are many factors to consider and apply. Maintaining a business is not an easy task,but with perseverance,there is nothing that cannot be achieved. Good customer relationships,quality and genuine products,good account services(stock taking) are ways of maintaining a business.

 

[Waseem74]

4 Ways To Sustain Growth For Your Small Business

1. Stay Efficient. One way in which to grow your business is to maximize your operational efficiency. ...
2. Capitalize On Your Brand. Building a reputable and trustworthy brand can go a long way toward helping your business grow. ...
3. Keep Your Customers. ...

 

[Bookwormlux1]

Statistics reveal that most companies die within five years of establishment and this makes this thread a very important one as we try to examine how one can sustain business in times of drought

Most companies do not stand the test of time because the founders did not plan ahead. They were not able to see through future challenges and come up with possible solutions, so when they face challenges, it becomes hard to overcome, this leads to them closing.

 

[idhans]

Statistics reveal that most companies die within five years of establishment and this makes this thread a very important one as we try to examine how one can sustain business in times of drought

It is very true that so many business closes after 5 years. There are a lot of factors behind business failures. One of the reasons most businesses close down early is because of this idea of getting profit quick. it is true that every business is supposed to be profit-oriented but if you want a business to be sustainable you have to look beyond profit.

 

[btaliat]

Business that's newly established should not be left in the hands of employees or family and friends. The owner should manage it very well first. If at all the business owner is planning to leave the business for someone else, he should manage it for sometime.

 

[EMMANUEL]

Commitment towards your business is one of the main key important, this will enhance the growth and sustenance of your business.

 

[Genius]

Statistics reveal that most companies die within five years of establishment and this makes this thread a very important one as we try to examine how one can sustain business in times of drought

During trying times, it is important for business to realign their plans and implement newer strategies to meet challenges. During the first few years that an organization is established, the manager must find strategies that will help lessen the cost of running the business by looking for newer ways to generate income.

 

[Judee201]

It’s the consensus that in establishing a startup, business plans are a critical component as business plans are essential in the process of obtaining startup capital, which no organization can run without. However, a more important but downplayed reason for building plans is the fact that they are an essential prerequisite for sustainable business growth. Business plans enable organizations see their future now, and every organization that will experience not just growth but growth that is sustainable requires a detailed and thorough picture of its future.

 

[Ogbest]

Statistics reveal that most companies die within five years of establishment and this makes this thread a very important one as we try to examine how one can sustain business in times of drought

You have many things to do to sustain your business, if you didn't sustain your business, it may even die under one year it was established. You have to maintain a quality product, don't make your products too costly, and also treat your customers well.

 

[singlej007]

Yes, most business die after five yeas and that's because withing the first five years there were fucus for success of their business and later lose fucus and start going after profit alone.

 

[Yasmin]

Every company wants to grow their business, yet few know how to sustain it for the long-term or look beyond the next quarterly or yearly report. Growing a business requires the right intellectual capital, carefully selected strategic partnerships, and products and/or services with strong marketplace demand. Beyond these fundamentals, sustaining growth requires a strong operational foundation – to reduce the risks to the business over time.
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Every company wants to grow their business, yet few know how to sustain it for the long-term or look beyond the next quarterly or yearly report. Growing a business requires the right intellectual capital, carefully selected strategic partnerships, and products and/or services with strong marketplace demand. Beyond these fundamentals, sustaining growth requires a strong operational foundation – to reduce the risks to the business over time.

 

[Presh1503]

Sustaning a business growth or development is actually not easy because at first to generate the capital to maintain or sustain the growth of the business is not easy and also in every business certain risk must be taken for the growth of the business and not everyone is a risk bearer