032: Building Long-Term Sustainable Businesses

Send us Fan MailWe 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.For more resources, please visit stephenmclain.com.We need your feedback on helping us make The Finance Leader Podcast even more helpful to your development. Please click here for a survey. The results of the survey can help us put out the content you need. Your information will not be shared.Please follow me on:1. Instagram: stephen.mclain2. Twitter: smclainiii3. Facebook: stephenmclainconsultantYou can now purchase a course to help you advance your career from Finance Leader Academy. It's called Advance Your Finance and Accounting Career: Developing a Promotion Strategy that Sets You Apart. 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.