What Is The Life Expectancy Of Your Business?

'What Is The Life Expectancy Of Your Business?' by Richard Shrapnel

Review, Focus, Reset

During the months of December and January, Compete Weekly will present a selection of nine key thought pieces from the 2017 series that will help you focus and reset for 2018. 


Article Two – The Circus Has Closed

After 146 years in operation, the Ringling Bros. Barnum and Bailey Circus delivered its final performance on May 21, 2017.

Is this just another business failure or a testimony to the efforts and commitment of leadership and all those who worked within the business?

Is there a simple lesson in this story that no business can last forever? And if it has been around for 146 years, and built such a strong brand, then it has lived a good life, certainly outlasted most other businesses and should be thankful.

Should businesses be seen as having a limited shelf life? The answer to this question, I believe, is the cornerstone to the success of any business and certainly for anyone who has aspirations of building a great business. 

There is an amazing strength that may be built in a business by leadership if they understand the competitive engine that drives the heart, the core strength, of a business.

 

Businesses can last forever.

Growth and the resulting capital value can compound over lifetimes. 

And people can thrive in the work they do.

Read More ….

 

Additional reading – ‘Purpose Equals Strength’

And last week’s article … ‘How Are You Keeping Your Business Fit and Alive?’

 


Act Now To Grow Your Business:

Are you facing challenges in your business that you are struggling to overcome?

Are you looking for opportunities and new ideas on how to take your business to the next level?

If so, then join the Entrepreneurs+ community.

Sign up for my eNewsletter and join the conversation by sending your questions to Ask Richard.

 

All the best in the success of your business,

Richard Shrapnel