Many businesses, companies or organizations tend to relax once the business starts growing. Once your business starts growing, that is the best time to put in more effort and starting creating new and effective ways to achieve more good results
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I also have been searching for a solution to the reason why most companies dies after some periods of time, because this also happened in my area when hotel open people will be patronizing them but the moment another one open they stop.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 actually fact that not every company can survive very long. Tactics to survive in the market decides whether a business can grow or not. In our area also there are many businesses which collapses before 5 years.I also have been searching for a solution to the reason why most companies dies after some periods of time, because this also happened in my area when hotel open people will be patronizing them but the moment another one open they stop.
You're very correct. Not every company can actually or will actually survive that long if they lack the necessary foresight for their business. They must come up with a unique technique to survive such timesIt is actually fact that not every company can survive very long. Tactics to survive in the market decides whether a business can grow or not. In our area also there are many businesses which collapses before 5 years.
Wow..... 5years is quite a whole lot of years, have not come across a business that survived 5years and after5years it run out, except those that were hit by pandemic.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
One of the livewire of any business is the continueos inflow of customers to the business,and a good customer aqusition strategy is very important,and how to manage the cash inflow and expenditure is a key factor to the business growth.and a good managerial skill for administrative purpose.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.
I don’t really know any or more about business since I’m not a business man but I believe if you want to sustain a business anytime, you have to continue producing customers wantStatistics 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
What I have discovered that is the best strategy for one to keep on sustaining a business growth is consistency in whatever you have been doing for the business and then being able to expand the business beyond at present growth rate and size.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.
One must have good management skills for he or she as an entrepreneur to sustain his business growth and be able to manage that growth sequentially.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
I think the best way that one can be able to sustain is our business is only being consistent and not giving up being focused and hard-working and always making sure that whatever you do you make sure you do it to the best of your ability and not leaving anything to chance.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.
True most business with time run out of business because they are not in tune with the latest trends and technologies. From time to time there is always development in technologyOne of the major attributes you need to have to sustain your business growth is to be diligent in running your business, and also keep up with modern trends.
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