The BDC’s Do’s & Don’ts of Successful Businesses

(Last Updated On: December 6, 2022)

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:

  1. Harness the power of relationship with suppliers and customers
  2. Prepare for success and plan for continuity; Executives should prepare for the unexpected by implementing a business continuity plan and solution
  3. Advance by incremental improvements; this can be done by leveraging technology and by continuously coming up with new ideas for products or services
  4. Measure performance on a regular basis
  5. 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.

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