Is your business viable?

Whether your business is surviving, thriving, or just getting off the ground, it is important to know if your business is viable.

What does it mean to be a viable business?

Viability refers to something working successfully over a sustained period of time. Ensuring your business can survive and overcome obstacles that may arise is an important part of running a business.

There are two situations where a business is deemed viable:

The first, is if you are making a profit from your day to day business operations and you are also able to meet your commitments to your business creditors.

Read More: https://www.smallbusiness.wa.gov.au/blog/your-business-viable