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Is Profitability or Growth More Important for a Business?

thon_em
(@thon_em)
Trusted Member Registered
Points: 270

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)
Eminent Member Registered
Badge Earned
Points: 215

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)
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)
New Member Registered
Badge Earned
Points: 10

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 6 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)
Admin
Points: 35

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 Registered
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
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