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No, a profitable company is not always a successful business. Profit shows that a company is making money at a certain point in time, but true success also depends on stability, reputation, legal compliance, and long-term growth. A business may earn profits while still facing risks such as poor governance, weak contracts, regulatory issues, or unsustainable practices.
Long-term success comes from strong management, clear legal structures, ethical operations, and the ability to adapt to market changes. This is why many businesses focus not only on profits but also on compliance, risk management, and strategic planning - areas where legal guidance from firms like KN Law LLP can play an important role.
What else can I help you with?
Do higher sales always mean a company will be more profitable?
No
Which business industry is the most successful at the moment?
Health care will always be among the most profitable and successful industries because we all have to use it at some point. Furthermore, with an aging population, services like in-home nursing care and residences with nurses and doctors on staff are becoming more commonplace.
How can you help our company be more profitable?
Because I used to have my own business and I have faced many financial problem during dead seasons, the only way to help the company to be more profitable is the selling products, selling hardware and electronic devices that make lot of money. Doing lot of marketing and advertising media for the company (TV, Radio,Flyers,Internet) always maximize and increase the income.
What are the criteria for being successful business person?
Better asked would be a "better business person". With that said, successful business persons need to understand their companies and how they prosper or how earnings can fall. It's important also to be up to date on national and world affairs as these things may have an effect on one's company. A successful business persons needs to be aggressive but polite and respectful at the same time. It also always helps to obtain a college degree to move ahead in a person's company. Degrees and or advanced degrees in business administration, finance, economics and communications can only help one to succeed.
What is the importance of fixed costs versus variable costs in making a business profitable?
The importance of knowing which costs are fixed and which costs are very important in making a business profitable. In order to budget effectively, one needs to know costs that will always be the same (fixed) and the ones that sometimes change (variable).
What is the easiest and most profitable business?
Probably something shady like having your own upscale escort business. Any business is work. sex sells and you wouldn't need a degree or anything- but you'd need to organize the whole thing and make an initial investment. In general, starting up your own business is never easy (you'll always run into problems) and it is a gamble on weather or not you'd be profitable. My friend created his own clothing company and it's been years of work...breaking even in profits and he is still waiting for his big break.
Is successful people are always rich?
firstly, grammatically wrong question ...it should be.."Are successful people always rich?"answer: yes !RegardsJohnhttp://www.piranhaprinting.co.uk business printing flyer printing high quality
Is a land loan always considered investment property?
No, a land loan is not always considered investment property. It is only considered as such if the person receiving the loan has the intent of building a profitable business over the land.
Can you file a complaint against a company if you are not their customer?
Sure you can. If you had a negative experience with a company you can always file a complaint. One place being the BBB. Being in the mortgage business, I always try to make the customers happy even if they decide not to do business with myself or my company.
Buying someone else out?
Sometimes the most profitable thing to do in business is just to purchase the work of someone else. That is to say that it can sometimes be a great idea for you to buy someone else's business. When you do this kind of thing, then you are in good shape to be able to get the most desirable and the most profitable businesses available. If you are going to do this, then you are just trading some of your money for a company that has already proven itself to be a money maker. If you want to buy another business to eliminate the competition in a particular area of the market, then there is nothing particularly wrong with that. Just make sure that you are always getting a fair price on the business that you are buying.
When does business planning end?
As long as you have a business then business planning is never done. You will always have to have some kind of business plan to keep the company up and running.
Does the finance company own your car if the dealership is out of business?
If you financed your car then it is always owned by the finance company, regardless of if the dealership is in business or not, until you finish paying it off.
