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?

It has always been a debatable topic among people that the profits of the
company
depict its achievement.
However
, I believe that along with making
money
, various other aspects
also
contribute in measuring the success of the
company
. To start with, it must be agreed upon that making
money
is one of the primary motives behind starting any new
business
.Every
company
works towards making profits. When a
company
is making profits,
this
develops large interest among investors, who want to invest more, adding to the financial value of the
company
.Having said that,
money
is not the only parameter to measure success of a
business
.
On the other hand
, there are other important indicators of a successful
business
. It is very important for a
company
to have employee satisfaction. A
company
may make huge amounts of
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 the years.
Last
but not least, customer satisfaction is
also
an important measure of a successful
business
. In conclusion, the
first
aspect to measure the
company
's achievement is no doubt the financial stability, but in my opinion, the reputation and goodwill that a
company
enjoys are equally important. After all, only a
business
that earns the loyalty of its employees and customers can stay profitable in the long term.
Submitted by bhavika_31 on

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