We love when the BDC (Business Development Bank of Canada) comes out with new infographics. They are filled with excellent information for small to mid-size businesses. Today’s infographic has to do with the 5 Do’s and Don’ts of Successful Businesses, brought to you by the BDC.
The 5 business fundamentals that many business owners should apply are:
- Harness the power of relationship with suppliers and customers
- Prepare for success and plan for continuity; Executives should prepare for the unexpected by implementing a business continuity plan and solution
- Advance by incremental improvements; this can be done by leveraging technology and by continuously coming up with new ideas for products or services
- Measure performance on a regular basis
- Hire and keep the best; it’s important to find employees who fit well with your company’s values and mission
Have a look at the full infographic below.