How long does it take for a business to have long term stability?

[King Belieal]

When it comes to a business being stable, I think that is one of the most vital things for a business that would become a global brand. For a business to have achieved long term stability, it needs to run for at least 10 years.

How long should a business run for it to be said to have achieved long term stability?

 

[Starmix]

Ten years, that's right for a business to call stable. That's the response for those businessmen that I interviewed. There is no business having successes to rally over night.

 

[Suba]

There is no guarantee that the length of business operations will create long-term business stability, many companies that have been running for a long time but went bankrupt, even Binance has been operating globally and is well-known for less than five years.

 

[Starmix]

In short, there is no guarantied business and even no guaranteed job. It is so crucial without savings and without investment to backup our needs when the hardest battle shots us.

 

[eLdavis]

I might be wrong though, but I don't think there is an actual period of time before a business can be considered stable or sustainable.

 

[Starmix]

A business can become stable according to the moves of the business owner. If he is hardworking and smart, he could make a short period of stabilizing his business. But if lazy then it takes forever a loser.

 

[King Belieal]

I have with stats come to realize that a business that has not been run consistently for at least 7 years can't survive the death of it's founder.

 

[Kross]

Every business that is firmly rooted must have a short term goal and a long term goal for the business. And it must all align.

 

[Min George]

Businesses that can survive the first two years of their existence should be on a stable path. If it crosses five years, it should be stable.

 

[Springtime]

I think there is no definite time period for a business to become stable. But one thing for sure is a business is not stable within the first two years while it is still building up awareness and get loyal customers. That said, even businesses which have been running for a number of years cannot guarantee that it is stable. The business world is uncertain.

 

[Augusta]

i don't think we have a definite time. it is just to give the business all the needed time to grow

 

[Xtynehappy]

In my country, a standard business can take six months to one year to have grown to it's fully sustainability. Though some other types of business can take up to two years.

 

[Fidelia]

It depends on the kind of business. For my kind of fashion business, it would take about 5 years to achieve long term stability.