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

Presently, there is a conception that

money

is the only way to evaluate the achievement of the

business

.

However

, judging by

money

is no longer a true measurement

due to

many foreign factors and has been transformed into the

products

and service

quality

as well as

the workforce. It is essential to understand that

success

in

business

can be influenced not only by

money

but

also

by many external factors.

This

is

due to

the fact that it heavily relies on economic,

market

Correct word choice

and market

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trends and trading laws which frequently change and alter the demand of the customers depending on the trend.

Therefore

, if a company cannot adapt to

this

volatility and innovate new

products

can encounter the threat of falling behind other competitors in the commercial race regardless of high revenue. A paradigm for

this

situation is Yahoo which used to be a monopoly in the online advertising market in 2005 before failing to catch up with the consumer trend prompting Yahoo to be a loser after the appearance of Facebook. With the exception of

money

, the

quality

of

products

and services is another point worth considering. To clarify, customers have a propensity for choosing high-

quality

and durable usage

products

, that’s why companies which enhance the

quality

of

products

will attract and easily build trust leading to a deeper connection with potential customers.

As a result

, companies will have the confidence and freedom to raise the price of goods because of the loyalty of clients laying the groundwork for long-term profit and

success

. Another way to judge the

success

of a

business

person is strongly related to employee engagement. An explanation for

this

can be found in the form of the more internal staff trust each other, the more powerful the integration is. To explicate, the solidary creates a comfortable atmosphere at

work

for employees to boost morale and have more prospects for growth and development leading to dedication at

work

. Take Microsoft as a prominent example, the CEO decides to conduct a strategy which provides privileges and opportunities for both men and women at

work

to ensure

the

Correct article usage

apply

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ethics and not have any conflict that makes employees more concentrate on their

work

.

Thus

,

money

is not a true sign for judging the

success

of a

business

on the grounds of external elements.

Instead

of that, people can consider the

quality

of

products

and services

coupled with

the labour force as other measurements.