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How can a business be financially stable

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#1
Going into business is the easiest thing but remaining in business for a long time is the hardest thing. How can a business be managed to be financially strong and not to go bankkrupt?
 

Gabbar

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#2
I think for that we need to plan first and then implement and should have back up plans as well and even investment to stabliize the business. It would be hard but still possible.
 
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#3
Definitely a good business really needs a good business plans for execution and without this one might just be gambling with one hard earned finances and having a backup plan will be most helpful,so that one can fall back on if need be.
 

moh254

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It depends with how much profit you earn and how you manage them. Some of the profit you need to use in expanding the business. A ready market to give you good profits is really good but then it depends with the type of business that you're running.
 
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