Some people think that the only way to judge someone’s success in business is by the amount of money they make. Is this a true indicator of the success of a business and in what other ways could success in a business be measured?

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Many people strive hard to be successful in
business
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. There are many indicators of a successful
business
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. A
business
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that reaps more profits is generally thought to be more successful, but in my opinion,
money
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is not the only
parameter
an instrument that measures atmospheric pressure
barometer
of
success
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.
Firstly
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, it must be agreed upon that making
money
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is one of the primary motives behind starting any new
business
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. Every individual wants to make a good deal of profits out of his investment.
Also
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, a company’s annual profits are very important to pull in other investors
into
Suggestion
in
that
business
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and
thus
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achieve its expansion and growth. So, there is no question about
money
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being one of the indicators of
success
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. Having said that,
money
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is not the only measure / indicator of
success
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. There are other important indicators of a successful
business
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.
First
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comes employee satisfaction. A
business
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may make huge amounts of
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money but
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money, but
if its employees are unhappy, it is worthless.
Also
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, employee unhappiness will eventually lead to the failure of a company.
Secondly
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, earning name and fame is more important than making
money
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. There are many businessmen who earn respect in the society irrespective of their
business
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turnovers.
This
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is because of the trust they have built over
years
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the years
.
Last
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but not least, customer satisfaction is
also
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an important measure of a successful
business
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. To conclude, even though profits are an important indicator of
success
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, in my opinion, the reputation and goodwill that a company enjoys are equally if not more important. After all, only a
business
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that earns the loyalty of its employees and customers can stay profitable in the long term. Do you have an essay on
this
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topic? Submit it below in the comments for a free band score estimate.
Submitted by Rashini Dahanayake on

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    • Sentence 3 - Thesis
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
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