BUSINESS POSITION IN THIS CENTURY

[Yakub02]

The position in which our business is in this century Is a very crucial. This is to determine whether the business can meet the test of time.

1 Internet. The business must be on internet, This is highly necessary due to the fact that any business that is on internet will have wider coverage and can be assesible to any One online at any given time . All the information they is attached to the business can be easily mapped to the website for onward viewing of member of the public.

2 . Economy. The business should be a business that will stand out from economical failure. It will be a business that will be greatly affected by economic down turn. It will be a business there will be able to still be flourishing even amidst lackadaisical economic situation.

3. Inflation. A business that will be able to survive in this 21st century is the one that cannot be pulled down by inflationary trend. That is the high rate cost of goods and services will not shake it's existence and effectiven

 

[Yakub02]

That is inflation will not shake it's effectiveness and existence. Inflation has become a general phenomenon In the world now. Therefore to face the challenges, business to lay hand on should be the one that will be independent of inflation.


5 Pandemic. A business that will survive this present day is a business that will not be affected by any pandemic or virus. For example during the COVID-19 era, a lot of businesses had to stop due to the fact that they have been affected, as people are not moving out and gathering in crowd again, the business will have to stop or at least be non effective or having a dwindling fortune.

Therefore for our business to stand the test of time, it should be commissioned to be independent of the recent challenges of Life.