What to Do to Ensure Your Business Survives

[Golden9]

It's well know ln that almost all businesses fail within their first to second year. To ensure your business survives, you should find out what makes most businesses fail within this time and work against it.

 

[Snoopsaint]

early stage of business recquires more attention and care just Like a plant u should give care to your business and look out for customers reviews

 

[puroypoi]

For me, as long as the there are overflowing market or clients or customers for your business, for sure it will survive.

 

[Springtime]

I agree that the first and second year is the critical period for a business' survival because you have to make your business known in the marketplace and find customers willing to try your products. A well thought marketing plan is required to promote your business. Managing cash flow wisely is also essential.

 

[uptrendfinancialsignal]

You must always ensure that you embark on serious strategy that will make a business work by all means.

 

[Shavkat]

It is inevitable that a business will collapse in a period of time. It is not only of knowing the market but the management itself. Mismanagement is one of the reasons why it failed.

 

[eldavis]

This is why young entrepreneurs are advice not to rush into any business. Before going into a particular business, take time out to find out and investigate everything there is to know about the business, the good and the bad.

 

[Passiveearner]

When it comes to survival of business, people should not that not all the businesses are the same. Some could survive for a long time, others simply cannot. A business that has capital will survive for a long time.

 

[Bisolami]

early stage of business recquires more attention and care just Like a plant u should give care to your business and look out for customers reviews

Early stage and even later stage requires a lot of attention so if you do not have enough time, it is better not to have a business

 

[Passiveearner]

Early stage and even later stage requires a lot of attention so if you do not have enough time, it is better not to have a business

I think that a business might need attention all the time. This is quite important because your business could take a turn at any time and you need to observe your business all the time.

 

[astutimeliana723]

In order for a business to survive, good business and financial management is needed. One way is to keep abreast of developments and the demands of the times. Example: In today's all-digital era, people prefer to use mobile phones instead of leaving the house, so the demands of the times are that it is better to open an online store in the marketplace.

 

[Shavkat]

This is why young entrepreneurs are advice not to rush into any business. Before going into a particular business, take time out to find out and investigate everything there is to know about the business, the good and the bad.

You are so right. It does not need to rush everything up when starting up a business. Planning and researching is the key factor to determine if the business in my mind will boom or not. That is some of the mistakes that an enterpreneur did not foresee.

 

[olaniyi]

There is chances of failure in any new business and a room should be created for the possibility of these during business plan so that it doesn't affect the business too much when happen

 

[Stardom22]

In normal circumstances most businesses would survive in a good way if it is well funded and the market for it is well researched and looked into for that matter.