That's a complex question, with lots of factors.
Due to the generic nature of the question I think a generic answer is in order - cut costs, and improve efficiency.
Primarily, is the type of business permitted by the local authorities, will it be affordable, and will it be popular enough to become profitable.
When a business grows, its affairs become more complicated in most cases. That is because the business is dealing with more outside entities. This impacts the relationships it has and makes it more complicated.
The most profitable business in Nigeria is the food Business. No matter how poor or rich a person is, He is bound by mother nature to feed his body atleast twice a day. It is also the most profitable because it can be started up with little capital and the profits can be measured and seen immediately
Greenland is the most profitable
It is easy to come up with profitable business ideas if you just research and think about a product that people need or want and are willing to pay for.
Profitable means that the business is successful, therefore yes, a profitable company is always successful in a business
An unethical pratice. Generally more profitable
Well, from my point of view home business is profitable because we can plan more for our business to make it success. So I must suggest you for starting home business & I think “FreshPhulka” will be the best option for you.
scientific management
No!
It really depends on the type of business because not all will be profitable. The work ethic and integrity of the general population are challenging. Labor laws are not for the business owner. Where you set up business and who you know are everything.
That depends on your definition of "successful". But if you are talking about how long it will take to become profitable then that is a question that should have been addressed in your business plan, developed prior to the opening of the business. Your business plan serves as the model and will show when you need to become profitable. Typically businesses have a period of time after opening to become profitable, which means it is surviving on the initial capital invested during that time. Therefore, it is important to measure the realty against the model and understand the variances measuring the monthly financial report against the budget. Making a business successful is unlikely since 90% of new businesses fail within the first 5 years. Also, the average business life span is 7 years. If it is a restaurant you will have more success than other types of business and will make more profit.
The correct spelling is profitable. The business turned out to be quite profitable. Since the business was so profitable, I could afford a vacation.
"The business of business" is whatever is required to stay in business (i.e., to stay afloat). This means, all the (often unglamorous) aspects of operating a business in a way that allows it to grow and become/remain profitable.
because is easy to maintain and more profitable
The most profitable areas for planning business would be in big cities. The more people there is the more likely you are to get business.
Primarily, is the type of business permitted by the local authorities, will it be affordable, and will it be popular enough to become profitable.