Understanding your role as a business owner
In conclusion, viability is not just about surviving in the short term; it’s about strategically positioning a business for sustained success and growth. A business advisor would emphasize the critical importance of regularly assessing and enhancing the viability of a business through continuous improvement, innovation, and adaptation to changing market conditions. Understanding and focusing on the factors that contribute to a business’s viability can help ensure its prosperity and resilience in the face of challenges.