The BDC’s Do’s & Don’ts of Successful Businesses
Last Updated on December 13, 2022 by Tatyana Vandich
We love when the BDC (Business Development Bank of Canada) comes out with new infographics. They are filled with excellent information for small to mid-size businesses. Today’s infographic has to do with the 5 Do’s and Don’ts of Successful Businesses, brought to you by the BDC.
The 5 business fundamentals that many business owners should apply are:
- Harness the power of relationship with suppliers and customers
- Prepare for success and plan for continuity; Executives should prepare for the unexpected by implementing a business continuity plan and solution
- Advance by incremental improvements; this can be done by leveraging technology and by continuously coming up with new ideas for products or services
- Measure performance on a regular basis
- Hire and keep the best; it’s important to find employees who fit well with your company’s values and mission
Have a look at the full infographic below.
