10 Tremendous Signs Of An Excellent Business

Businesses are like a tropical ecosystem, the rain forest of profit.

Some businesses are infested with disease, killing the inhabitants of the forest. Nothing they do or don’t do can rid them of the turmoil.

Other forests are surviving but have been invaded by a foreign species preventing it from being its best. If the toxic take-over festers, the forest will begin to widdle and rot.

The healthiest forests have a green glow that shimmer in the sun after a night’s rain. Everything is in harmony. They’re healthy, vibrant, and thriving. 

These are the signs of a great business:

1. Higher margins of gross profit.
2. Recurring revenues. 
3. Automated marketing systems. 
4. A history of consistent sales.
5. Systematized procedures.
6. Loyal, trained, and qualified teams.
7. Long-standing contracts. 
8. Little operational waste.
9. Considerable intellectual property like trade secrets, copyrights, use licenses, patents, technology, or processes.
10. Significant assets like inventory, property, or stock.

Most businesses have seasons. They start as a distressed company, clawing to survive. 

Once they focus on their biggest limiting factor and make incremental improvements over time, they become a good business.

As a good business, they can still improve. They focus on the few things that will have the most significant impact on the company.

Then they enter thriving and become a great business. Leadership has a focused strategy that’s executed every day. They don’t let complacency plague the forest.

Great businesses are built over time, and that time starts today.

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