Statistics have shown that a good number of businesses fail after the first three years or even less. This might not be directly attributed to laziness on the side of the business owner, it could be sheer negligence to principles that guides the growth of a business, especially startups. Today you will get to know how to keep your new business up and running healthy through the first three years and beyound; just follow closely.

Know Your Market:
If there is anything you need do for your business to stand tall, it is knowing just enough of what it takes to run such business. Understand your market audience, your business model, the immediate resources that you need, the immediate human resources you need, the financial position of the business, the kind of personalities that are into such business. By so doing, you would have the cycle of your kind of business just in your palms.

Read Survival Strategies of Small Businesses

Establish a Healthy Work Culture:
For your new business to keep running, you need to fuse into your employees a sense of responsibility for the business. Collaboration should be the top priority with each person being a cool team player.Establish a healthy work relationship with your employees and every stakeholder in that business.

Establish a good Communication Network:
A saying has it that you should communicate or die. Any organisation that lacks communication dies gradually. Communication involves giving informatin and getting feedback. feedback could be positive or negative. Which ever way it is, it helps the management take quick and positive actions for the sake of the business.

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