What does it mean the business sustainability? We are just starting our own business, so we studied this question from Internet sources and also asked our parents-businessmen. Here is what we managed to find out.
Business sustainability is the ability of a company to respond quickly to disruptions in work, maintain the continuity of business-process, store customer confidence and ensure development.
What should we do to ensure that our business will be sustainable?
To Plan a business for a day, a week, a month, a year, etc.
Don't have only one provider, but several.
To accumulate knowledge about your business.
To compare yourself with competitors, strives for the best domestic and world practices.
To optimize costs. Profit is the key criterion.
To have a strategy and marketing plan.
To develop a sales system.
To configure financial accounting.
To apply IT technology for accounting, marketing and business development.
To be able to foresee possible changes in the future, not to be afraid of change.
