The statement "If your business is not growing, it's dying" is often used to emphasize the importance of growth and adaptability in the business world. While it may not be a universal truth, there are several reasons why growth is generally considered vital for the success and sustainability of a business.
It is a fundamental principle that for-profit businesses should aim to be profitable. Profitability is essential for the sustainability and growth of a business. Here are some key reasons why profitability is important for a for-profit business: