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5 Metrics That Determine Whether Your Business Is Viable Or Not
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[QUOTE="Jasz, post: 220737, member: 61772"] It's no secret that the world of business is competitive. If you have a great idea for a new business, you need to make sure that it's viable before you invest your time and money into getting it off the ground. There are a few key metrics that can help you determine whether your business is viable or not. They include: Profitability: How profitable is your business? Over time, how much profit can you expect to generate from your enterprise? Cash flow: How much cash flow can you expect? What are your current projected expenses? Are they realistic or do they need to be lowered? And what about your current projected revenue? Is it enough to sustain the business over time? Growth potential: Do you have growth potential? If so, how much and over what period of time? Is there room to grow in your geographic location, or will you need to expand elsewhere? Successful competitors: What other businesses are doing something similar and succeeding at it? Is there anything they're doing that you can emulate, while putting your own spin on it? You need to be aware of these points to know if your business is really viable or not. [/QUOTE]
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5 Metrics That Determine Whether Your Business Is Viable Or Not
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