Building a long lasting business | The Guardian Nigeria News - Nigeria and World News

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A business should be adaptable and thrive in different phases. Business models go in and out of fashion periodically, this is why you should be proactive. Business Entrepreneur Nigeria smoothieexng

For example, some entrepreneurs start up a business with the plan to build and sell off the business, but it is still important to make conscious efforts in building a long lasting business.

Pushing productivity in a business is a great way to successfully build a long lasting business. An entrepreneur must continually improve on productivity by measuring the efficiency of key factors in the business. Factors for productivity are technical , organizational, personnel, management, location, etc.

Reinvent your business from time to time to give your customers something fresh and stay relevant in their minds. That’s why most social media apps reinvent their functions regularly. There’s always some exciting new feature every couple of months to keep customers using the apps. Driving consistency will help build a long lasting business. A business’s offering should be consistent enough to win the trust of customers anytime and every time.

 

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