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?

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

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