Profitability and Maintainability in Business

[Good-Person]

making quality product remains one of the best ways you can become successful in any business venture. if your goods and services is of not a very good quality people will actually stop patronizing you.

Making profit is the goal of each and every business. However, the fact of the matter is that not all the businesses are able to maintain the similar kind of profitability level each and every time.

 

[Chibson]

Making profit is the goal of each and every business. However, the fact of the matter is that not all the businesses are able to maintain the similar kind of profitability level each and every time.

Bo business make profit all the time. There are sometimes you will make profit and there are sometimes you will make losses but your ability to cover your losses is what will ensure you are profitable.

 

[Eli342]

In order for a business to succeed, there must be profitability and efficient maintenance. If your firm is well-maintained, your sales will improve. Every firm that is properly managed and maintained will undoubtedly experience an increase in both revenue and customers.

 

[Good-Person]

Bo business make profit all the time. There are sometimes you will make profit and there are sometimes you will make losses but your ability to cover your losses is what will ensure you are profitable.

Not only cover losses, however, when you tend to conduct business, you will need to cover losses and make additional profits as well. this is what I am focusing on.

 

[Skysaint]

What we should take note of is that while we are making money to start a business we should also save money for the business maintenance because it's really very important and would matter in the future.

 

[Sincerem]

Most times the profit being generated by the business can still be used to maintain the business. well this should be encouraged most especially at the initial stage of establishing a business.

 

[Genie01]

In as much as one is profitable in business the ability to maintain the business is very important. If the business is not maintained the profits would eventually stop coming in.

 

[Immilash]

It is important that you should be making profit for all your work and at the same time you should be maintaining it.
your ability to control the two of them is actually going to be very good on the long run.

That's sounds good, if you are making profits with what you are doing you are expected to put more effort and earn money, this the best advice I can give you.

 

[Laurentta]

To achieve profitability and maintainability in one's business, one should never overlook the importance of treating customers right because without customers, there would be no business.

 

[Immilash]

To achieve profitability and maintainability in one's business, one should never overlook the importance of treating customers right because without customers, there would be no business.

You have got it right, if you want to be successful in your business you need to know how you can take good care of your customers, this very important it will help you a lot.

 

[Laurentta]

You have got it right, if you want to be successful in your business you need to know how you can take good care of your customers, this very important it will help you a lot.

My point exactly. Most business overlook the importance of taking good care of their customers. It shouldn't be so. Like they say "happy customers are returning customers"

 

[Smiles20]

I believe that the major highlight about this is that you should just do quality things and what people wants to be solved. 100 percent, all you need in your business to make profit is
to produce quality goods.

 

[Ronny_4son]

To achieve profitability and maintainability in a business must:

1. Produce quality products
2. Operate efficiently and effectively
3. Be socially responsible and ethical

A business man has responsibilities towards its stakeholders. The stakeholders are groups with a stake in the success and outcomes of a business e.g. customers, employees, investors and government regulators etc. The society at large is also a stakeholder as it is also affected by the business. The businesses are concerned about the effect of the production and distribution of their products on environment.

To achieve profitability and maintainability in a business, it is important to focus on both short-term and long-term goals. In the short term, it is necessary to focus on cost reduction and efficient use of resources. This can involve streamlining processes, utilizing automation and reducing inventory. In the long-term, it is essential to focus on customer satisfaction and business growth. This can involve providing quality products and services, developing customer relationships and exploring new markets. In addition, it is essential to have a clear vision of the company's goals and objectives, and have a plan in place to achieve those goals

 

[Shigobad2020]

For a business to succeed , you need to run the business in a way that you will be making profits on daily basis and when the business is being stabilised, you need to think of a way of maintaining your business.

 

[Abigael]

To achieve profitability and maintainability in one's business, one should never overlook the importance of treating customers right because without customers, there would be no business.

That is right. How you treat customers determines whether they will come back or not. So you should always give them great customer service and sell them high quality goods.

 

[Good-Person]

Most times the profit being generated by the business can still be used to maintain the business. well this should be encouraged most especially at the initial stage of establishing a business.

There are many businesses that rely a lot on their profits in order to sustain themselves during the time of recession. They have to use cash reserves in order to make sure that they survive in the market.

 

[Sincerem]

There are many businesses that rely a lot on their profits in order to sustain themselves during the time of recession. They have to use cash reserves in order to make sure that they survive in the market.

Though it may depend on the type of business but most business don't always go on recession.
Sometimes the reason why they may not be able to maintain themselves constantly maybe as a result of problem arise but normally most business are always operating all year round. Which means they are generating profit.

 

[Planbizzle]

To achieve profitability and maintainability in a business must:

1. Produce quality products
2. Operate efficiently and effectively
3. Be socially responsible and ethical

A business man has responsibilities towards its stakeholders. The stakeholders are groups with a stake in the success and outcomes of a business e.g. customers, employees, investors and government regulators etc. The society at large is also a stakeholder as it is also affected by the business. The businesses are concerned about the effect of the production and distribution of their products on environment.

It's critical to create a well-thought-out strategy and a set of tactics for your organization in order to assure profitability and sustainability. Establishing budgetary control systems, analyzing sales figures, and keeping tabs on customer happiness are some examples.

 

[Good-Person]

Though it may depend on the type of business but most business don't always go on recession.
Sometimes the reason why they may not be able to maintain themselves constantly maybe as a result of problem arise but normally most business are always operating all year round. Which means they are generating profit.

Well, during the pandemic, almost 80 percent of businesses went into a huge recession and this made it very hard for many businesses to sustain in the market. Many businesses that got closed down during the pandemic never opened till this date!

 

[Laurentta]

That is right. How you treat customers determines whether they will come back or not. So you should always give them great customer service and sell them high quality goods.

I do not know why some business overlook the importance of treating customers right. Some businesses which i have patronized have very terrible customer service and i never patronized them again.