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

#people #judge #someone’s #success #business #amount #money #indicator
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The original essence of any business is systematic profit-making. Because of that, it is thought by many people that the true indicator of success is the size of the bank account.
However
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, the truth is that it is not unequivocally since any performance metric will be changing over time.
Therefore
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, it is not possible to draw conclusions about companies’ or individual entrepreneurs’ achievements based only on the amount of
money
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. It is absolutely necessary to consider other key indicators
such
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 as brand, revenue sustainability and customer loyalty. First of all, when somebody talks about any business’s success by mentioning assets, they mainly mean fixed-time value, without taking into account its time-varying nature.
Consequently
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,
such
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 an approach can be deceptive if the organization or individual entrepreneur is doing well only at a certain moment. As a great example, the Motorola
company
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 was producing push-button cell phones, and by earning large profits,
according to
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 the criterion, it was quite a prosperous
company
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.
Nevertheless
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, when touchscreen phones appeared on the global markets, Motorola became insolvent.
Furthermore
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, the prosperity of any business should be evaluated not only by its current earnings but
also
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 by expected prospects.
This
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 can be done in several distinctive ways taking into consideration its founding date, number of loyal customers and future cashflows.
For example
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, the Siemens
company
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 has been in existence for more than 150 years, and still, their products are in great demand. The
company
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 could be called eminent,
otherwise
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, it would have been closed long ago. Correspondingly, it is possible to utilize metrics apart from the
money
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 for the prosperity of a
company
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 or an individual entrepreneur. In conclusion, the amount of
money
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 is not the exclusive measure of success as that metric indicates only a short period in time. Alternative indicators can be found,
such
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 as the lifetime of the
company
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 and the number of its loyal customers.
As a result
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, the prosperity of a business can be measured by the amount of
money
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coupled with
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 other indicators of its performance.
Submitted by nikolaymatlakhov on

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task achievement
Provide a clearer thesis statement in the introduction.
coherence cohesion
Use more varied sentence patterns for better coherence and cohesion.
lexical resource
Expand your range of vocabulary to enhance your lexical resource.
grammatical range and accuracy
Pay attention to subject-verb agreement and article usage for better grammatical accuracy.
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