Tips on business sustainability and growth -3

Achieving a profitable and sustainable business

1. A strong business model is key. Your Value Proposition. How the business
hopes to capture and distribute value.

2. Create a niche market

3.Strong financial focus
a. Adequate and regular record keeping.
b. Set annual budget. The value a budget is in the process as it helps a good
understanding of business drivers.
C. Set month meetings to review results and achievements. To investigate
shortfall and variances and then chart a path for actions to be taken.

4.Build strong culture and processes. Moreso for succession structure.

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