Most business owners are after their profits and fails to look into maintaining their businesses which may eventually collapse along the line unnoticed. Choose maintenance and profits will come in without struggling to get it.
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To ensure continuous profitability in your business, your customers must have a good enough reason to keep patronizing.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 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.
In order to maintain a business in a way that will brings a good profits to the business , you have to be producing a quality products that will bring in more customers , and you also have to have a good customer relationship skills.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.
What about in rural settings where most do not have access to these machines, what do you think should be done to increase production? Hire more hands?You need to maintain a positive cash flow in order to create a profitable business. You you also need to bring automation into your business in order to improve the rate of production.
Those are very good points that you have mentioned. A business should really have all those factors in place so as to be fully productive. I love the idea of being fully responsible for its stakeholders and the society at large.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.
Most business are after the profit because all they ever create the business do is the profit instead of finding a way to maintain the business to avoid getting collapse anytime.Most business owners are after their profits and fails to look into maintaining their businesses which may eventually collapse along the line unnoticed. Choose maintenance and profits will come in without struggling to get it.
You are right.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.