How Can One Maintain His Business?

[Golden9]

It is a different thing to start a business and it is a different thing to maintain the business so that the business will remain to be there and also grow consistently.
What are the ways that someone can maintain his business?

The best way to maintain a business is to keep your customers and keep them happy. This will ensure that you have consistent revenue generation. You should also work on getting new ones.

 

[hastral45]

There are many ways you can maintain your business. First, you must have a vision and a mission for your business. It is this goal you and the people you are employing must adhere to. Dont run your business as a family venture.

 

[Stardom22]

I think one must make a proper control of the inventory system of the business and make a good relationship between the business and it's customers or clients.

 

[saoussen5765]

You have to save money for hard moments or hard days.

 

[hastral45]

You can maintain your business when you have mission and vision. then be disciplined and focus.

 

[AmazingJob]

Show them that you care. Your customers need that all the time. If they don't feel they are not valued, they look for another business. "People don't care how much you know until they know how much you care"

 

[funkie]

A sustainable business is one where the owner knows the exact needs of their consumers and can cater carefully to them. For example, if someone owns a restaurant - as the owner, you should have numerous factors in your mind such as taste, quality, quantity, ambiance of the restaurant, etc.

 

[Sanjeev]

If you're into manufacturing a product then "quality and service" are important to sustain customers and hence maintain a business. Also one has to keep the cost of the product keeping in mind the competitors.

 

[cherry123]

It is a different thing to start a business and it is a different thing to maintain the business so that the business will remain to be there and also grow consistently.
What are the ways that someone can maintain his business?

You just need to consistent with whatever is working for you. Apply all the strategy of winning

 

[Reedex]

It is a very wonderful thing to maintain a business but it takes a lot of hard work to do such.

 

[Johnson2468]

Keep your customers happy by providing excellent service, which can lead to repeat business and positive word of mouth

 

[gammarays]

I think a business should be run in a frugal way to avoid unnecessary expenses. Expenses kills a business very fast.

 

[Sanjeev]

I think a business should be run in a frugal way to avoid unnecessary expenses. Expenses kills a business very fast.

And what ways they should adopt to reduce expenses. In most businesses, it is not easy to control expenses, the business owner has to work very hard in this regard.

 

[Knowledge Quest]

Maintaining a business requires a great deal of dedication and hard work. There are many strategies one can employ to ensure the success of their business. First and foremost, it is important to stay organized and have a clear plan for how you want to grow your business. It is also important to stay on top of your finances and keep track of your costs and profits. Additionally, it is important to stay up to date on industry trends and regulations, and build relationships with customers, suppliers, and other partners. Finally, if you want to maintain your business, it is important to be adaptive to changes in the market and remain open to feedback and new ideas.

 

[SHAHID987]

In order to maintain business we need to move continuously towards improvement, try to introduce new things which will be supportive for business by doing this some negative things will be balanced.

 

[gammarays]

And what ways they should adopt to reduce expenses. In most businesses, it is not easy to control expenses, the business owner has to work very hard in this regard.

In cutting cost, businesses should avoid luxury. There are expenses that are not needed if your business is starting and not making profit.

 

[Sanjeev]

In cutting cost, businesses should avoid luxury. There are expenses that are not needed if your business is starting and not making profit.

But the irony is the owner also cuts the cost of basic things sometimes. Like during cost cutting from last few years, our annual function has not been planned which causes dissatisfaction among the employees.

 

[gammarays]

But the irony is the owner also cuts the cost of basic things sometimes. Like during cost cutting from last few years, our annual function has not been planned which causes dissatisfaction among the employees.

Yes I understand, owners usually cut cost on things that affect employees but do nothing on stuffs concerning them.

 

[uptrendfinancialsignal]

A business can be maintained if you will have enough capital to run it and you have the managerial ability.

 

[Springtime]

To maintain a business, one needs to do proper planning, regularly review the market situation to see if there's any change in customer needs, competition. Proper financial management is also vital to maintaining the business.