To be successful and remain in business, both profitability and growth are important and necessary for a company to survive and remain attractive to investors and analysts. Profitability is, of course, critical to a company's existence, but growth is crucial to long-term survival.
Determining and focusing on profitability at the beginning, or start-up, of a company, is essential. On the other hand, growth of market and sales is the means to achieving that initial profitability.
To be successful and maintain your position in the market you must have focus on profitibility & growth both. Well, For a new business growth is more important and eventually after growing it will become a profitable business in terms of brand & revenue. so , both profitability and growth are two side of same coin and must go hand in hand.
We, being a Global IT solution provider based out in USA follows the same approach to become profitable business.
Our niche offerings in IoT, Artificial Intelligence, Machine Learning, Robotic Process Automation, and Testing Automation, coupled with our rich expertise in Enterprise Applications – Infor, Oracle, and Analytics, enhance value proposition significantly.
Profitability and growth go hand-in-hand when it comes to success in business. Profit is key to basic financial survival as a corporate entity, while growth is key to profit and long-term success.
I personally believe that public opinion and the profitability of the company are important components for the further development of business.
Profitability is the primary goal of all business ventures. Without profitability the business will not survive in the long run. So measuring current and past profitability and projecting future profitability is very important. Profitability is measured with income and expenses.
All startup founders want to achieve both growth and profitability. But in the real world, this can be quite challenging. Understanding which one will better work for the company is a tricky decision. But there’s help at hand.