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Home» Questions»Q 107181
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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

Mike Smith
Mike SmithKnowledge Seeker
Asked: September 15, 20232023-09-15T04:10:07+00:00 2023-09-15T04:10:07+00:00In: Money & Business

How do so many businesses stay open for the decades?

This is absolutely an important question because in every region and country of the world there are many popular businesses that are known to have stayed open for decades. Are there any secrets to this please share?

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  1. spencer
    spencer Enlightened Mentor
    2024-07-25T18:36:34+00:00Added an answer on July 25, 2024 at 6:36 pm

    They stay afloat because of many points that are too numerous to mention, it actually looks easy to pinpoint the reason but the truth it most businesses that lasted over a decade have something going on for them that's not open to the public, might be a government handout, monopoly or enjoying someRead more

    They stay afloat because of many points that are too numerous to mention, it actually looks easy to pinpoint the reason but the truth it most businesses that lasted over a decade have something going on for them that’s not open to the public, might be a government handout, monopoly or enjoying some sort of privilege.

    It could also be that their product and services are just the best and there’s no one that can do it better like Coca Cola.

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