Business Strategic Management Longevity Vs Quick Burn Discussion

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Class, Depending on the desire outcome, there are those that invest for long term profits and those that deal in day-trading. Longevity vs “quick burn” is just another choice by the person providing the services. Do I want to invest 10 – 20 years in this industry or do I want to build a business that will gain attention and then I sell it only to move on to something else for a quick profit? Defining your goals is a major priority and evaluating risks of these goals is definitely part of this process. Do you bet on the sure thing, that may be only a sure thing for the next year or two, or do you systematically grow by one rung of the ladder at a time to ensure the business lasts for generations? Thoughts?