Business is one source of income that one enjoy for a very long time. But a lot of times people want their business to outlive them and even gets to generation yet unborn. What do you think one can do to get a business stands the test of time?
Connect with like-minded individuals, ask questions, share ideas, and participate in discussions on a variety of topics.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Business is one source of income that one enjoy for a very long time. But a lot of times people want their business to outlive them and even gets to generation yet unborn. What do you think one can do to get a business stands the test of time?
Every business that wants to stand the test of time must institute sound management to it's operations. Also, such a business must invest in succession. That means you should think of setting up people that would take over and manage the business beyond the next 10-15 years. Such people should be grRead more
Every business that wants to stand the test of time must institute sound management to it’s operations. Also, such a business must invest in succession. That means you should think of setting up people that would take over and manage the business beyond the next 10-15 years. Such people should be groomed in the present to run the future. When a business can reproduce business leaders, it would last long.
Also, a business that intends to last must have a structure such that each department and unit stands distinct and can function independently.
See less