When starting/ running business an obvious key goal is to develop and grow the business and watch it prosper. That’s the dream, the ideal scenario for success. But what happens when a firm grows too fast? one can’t keep up with demand, not enough staff to handle the workload, expenses rise, overload of data and information, and before you know it one finds themselves in a very difficult situation. A pro tip to avoid that catastrophe is to align strategy with sustainability in mind. Often we see divergence of the two, which makes efforts for sustainable growth lacking real commitment and prioritization as well as focus.

When the topic of sustainability comes up for discussion, the majority think it just has to do with being environmentally conscious with one’s business practices. Although the environment it a crucial aspect of sustainability in the broader sense, sustainable business growth refers to the development of a business in a manner that will allow the firm to grow at a rate that won’t either overload or stall the firm and have the firm be successful for an increased duration of time. Practicing sustainable growth is critical for a firm’s survival, especially in the startup and small business field. According to the Small Business Association (SBA) “Roughly 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10. The SBA goes on to state that only 25% make it to 15 years or more.” When a business expands at a rapid rate and doesn’t focus on research, strategy and planning and sustainable practices, the financial setbacks of the failing business can cause the firm shutdown. Thus explaining the startling percentages of the number of failures within these timelines. 

Through increased planning and focus on sustainable business practices firms can better avoid the pitfalls of a new business and be a part of the 25% that make it to 15 years, maybe even change that statistic. Now this seems extremely challenging, and truthfully, it is. But we at Logimove Checkmobile are to help lighten that load, and ease the worry. Logimove-CheckMobile provides you with an innovative, centrally operated web platform (portal) for mapping mobile processes. It optimizes business processes and on top of that makes them accessible on all standard mobile terminal equipment such as smartphones, tablets and the like. Both previously virtualized as well as paper-based processes can be optimized through CM. The result is a lean, cost-saving processes and a system of mobile solutions that are ready for the always-on business of the future. Your business experiencing growth should be an amazing accomplish not the beginning of the end, and that’s why we’re here to help. Come and join the workflow movement and be sure to check out at https://www.checkmobile.com/lc why we are the best choice to optimize your firm’s performance at a sustainable rate to keep your business thriving and prepared to handle whatever comes in its way! 

Sources: 

https://www.imd.org/research-knowledge/articles/why-all-businesses-should-embrace-sustainability/
https://www.investopedia.com/financial-edge/1010/top-6-reasons-new-businesses-fail.aspx


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