Sustaining business growth

[Johnbami]

Business growth is really what everyone needs or wants for there business so after getting the required growth, maintaining it is the next issue which is really the hard part of everything. But if you good it's easy

 

[Cybersec]

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.

 

[Akinwale701]

Starting a business is not as difficult as making the business to grow and be known by people, whereas making the business to grow is not as difficult and tasking as sustaining the growth. As an entrepreneur, look out for what makes your business grows and stick to it to sustain the growth.

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

 

[bhennie]

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[Oliver 20]

Stay pertinent
In the event that your administration or item is considered to a lesser degree a need or has vanished from the rundown of the present patterns, it'll be hard to get your business back on the radar. Try not to trust that misfortune will occur. Stay on top of what others need and need, and be applicable in the thing others are saying about your administration or item. Be sure you reexamine if necessary. Push forward and extend.

 

[Eshaaa]

After the initial business opening, growth can be one of the most exciting times for any entrepreneur. However, periods of growth may not always be sustainable, as each business has its ups and downs. Fortunately, there are steps you can take to make your business grow in a more sustainable manner. Strategic growth can help your business become more profitable over time and weather any lulls. Follow these tips for growing your business more sustainably.

 

[Joseph555]

It's acceptable business man must have the ability do not stain is business growth overtime any business man that cannot sustain a potential growth in his business is bound to fail therefore all upcoming business men should known that sustaining a business growth in a must

 

[Muhammadawais]

The Sustainable Growth Rate (SGR) is the maximum rate of growth that a company or social enterprise can maintain without additional financing or financing of growth. SGR includes maximizing sales and increasing revenue without reaping the financial benefits.

 

[Sheyemanu]

Concerning this topic, I would say one huge problem with business owners is that they lack financial Intelligence and they don't have the right financial background when starting a business. 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.

 

[Olahab]

Startups today are actively pursuing innovations and technologies which assist in easing many of the operational activities. From automated finance management tools to phone systems, learn how and when to take advantage of these innovations.

 

[Chibson]

It is important for business owners to set up strategies and methods to sustain the growth of their businesses. Any business that does not have proper growth plan is surely bound to fail. Many businesses die early because there is not sustainable plan by the owner of the business.

 

[Profwriter]

Training and retraining are part of strategies towards sustaining the growth of your business and profits, knowledge has no substitute and your business will never rise above your level of knowledge about it. Attend seminars, business conference and your productivity will be enhanced.

 

[Kingsley]

Sustaining growth has alot to do with how we handle the company diligently and consistently, keeping proper accounting records and making sure every department is working efficiently and effectively.

 

[Kelly5]

Sustaining business growth depends solely on how the business owner sees his or her business. Does he or she have the drive to pursue growth and development of his business enterprise or wants to see it rut to the geound

 

[BuchiBankz]

Sustaining business growth there are things one need to put in place before business can be successful
1, One must remain relevant before a business can grow.
2 Do not be afraid of taking Risk
3 Pick the proper people to manage your business
4 When it comes to customer service, don’t compromise make sure customers comes first.

 

[Yaqoob Habib]

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.

Sustainable business growth is the maximum growth rate achievable via utilization of existing cash flow without increases in leverage, sustainability to improve processes, pressure growth,and add value to their companies rather than focusing on reputation alone.

 

[tuna89]

You are not wrong, issues like this are majorly attached with small businesses, the failure to lay a solid foundation and follow strictly the business plans which have been outlined, overspending or spending beyond limit, lack of effective management - all the aforementioned are the major factors that ruin businesses- adequate correction would make any business last with great profits and expansion.

 

[Irfanali]

All strategies must maintain business growth

Leverage free or affordable marketing and advertising strategies or tools. ... stay relevant. ... When it comes to customer service, don't compromise. ... Adopt the right technology. ... Don't be afraid to take risks. ... Don't be afraid to fail.

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[Nurudeen]

Based on my own ideology, I believe that the best way to sustain Business growth is to hold on and build a strong customer service with your customers. These people are always the soul of any business and if you are not building a good relationship with them, they can just turn elsewhere

 

[Halexcity]

Sustaining a good business growth, you have to be strict with your business, by not allowing other hand tamper with your plans. And always make sure you don't borrow people your business money, because people tends to be funny sometimes.