Building Long-Term Sustainable Businesses

Send us Fan MailEpisode # 32: We should be building sustainable businesses that can outlast an economic downturn with no or minimal employee layoffs. Long-term sustainability can be achieved by getting more creative in generating new lines of revenue. The year 2020 taught us that you must never get complacent with the business model. Keep looking at new ways to bring in revenue. Episode outline:We can never be complacent with the business model,We must include crisis situations into our long term models and projections, and We must change our retained earnings approach so the business can survive in the long term.Please connect with me on:1. Instagram: stephen.mclain2. Twitter: smclainiii3. Facebook: stephenmclainconsultant4. LinkedIn: stephenjmclainiiiFor more resources, please visit Finance Leader Academy:  financeleaderacademy.com.Support the showStephen is an experienced Finance Professional and Leader who offers fractional CFO services and development opportunities. Please visit his LinkedIn profile or Finance Leader Academy for more information.The views and information shared on The Finance Leader Podcast are intended solely for educational and informational purposes. They do not constitute financial, accounting, tax, legal, investment, or other professional advice. Always seek guidance from a qualified professional before making decisions related to your specific circumstances.