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? In what other ways could success in a business be measured?

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The world is becoming increasingly materialistic and,
as a result
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, a vast number of businessmen are judged as being successful on the basis of their profits and losses. I tend to believe that an individual’s stability and growth in a
business
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environment explicitly show that he or she is doing the right thing and can be regarded as a successful entrepreneur. It is normally money
that is
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the ultimate goal of any
business
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person who launches a company. The mere fact that an enterprise gradually rises in income gives one a feeling that the people behind it have achieved their objectives and,
therefore
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may be acknowledged to have succeeded in the
business
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. Indeed, with enough ,finance a person can not only provide for their family but
also
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run a company, which creates a feeling of respect.
In addition
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, on their way to wealth, people typically encounter a great many obstacles that they gradually overcome,
thus
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it cannot but raise their image of a truly accomplished entrepreneur.
On the other hand
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, it would seem inappropriate to take into account only the financial angle. It is believed that whether a
business
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is thriving or not, might be indicated,
for example
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, by the feedback of the employees working there
as well as
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customers’ retention rate. Apparently, receiving favourable comments from others demonstrates professionalism and a great amount of expertise in the field. A decent service, as a rule, leads to wider recognition among clients which,
consequently
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, is seen as a token of success.
To conclude
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, despite the fact that there are a number of factors to consider
while
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measuring the prosperity of a
business
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, an individual is likely to have an outstanding career only if they have earned a high amount of money. Since the financial side is a priority for any entrepreneur, the more money they make, the more successful they are considered to be.
Submitted by nikolaymatlakhov on

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