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Is Profitability or Growth More Important for a Business?

thon_em
(@thon_em)
Trusted Member
Points: 385

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.

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Topic starter Posted : 18/11/2021 12:03 pm
barbierivera315
(@barbierivera315)
Trusted Member
Badge Earned
Points: 295

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.

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Posted : 26/11/2021 3:05 pm
Kobia
(@kobia)
Eminent Member Admin
Points: 60
A good definition of profit is "the reward or return for taking risks & making investments". For most businesses, making a profit is a key business objective. You also need to appreciate that profit is also the most important source of cash flow & finance for a business.
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Posted : 10/12/2021 3:12 pm
sailotech
(@sailotech)
Active Member
Badge Earned
Points: 25

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.

This post was modified 11 months ago by Kobia

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.

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Posted : 15/12/2021 1:54 pm
CE
 CE
(@ce)
Active Member Admin
Points: 40

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.

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Posted : 26/03/2022 10:02 am
Mack_Edwards
(@mack_edwards)
New Member
Badge Earned
Points: 10

I personally believe that public opinion and the profitability of the company are important components for the further development of business.

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Posted : 13/04/2022 12:51 pm
gienius
(@gienius)
Estimable Member
Points: 347

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.

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Posted : 14/07/2022 3:25 am
barbierivera315
(@barbierivera315)
Trusted Member
Badge Earned
Points: 295

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.

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Posted : 06/11/2022 1:32 pm
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