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?

The world is becoming increasingly materialistic and,
as a result
, 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
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
the ultimate goal of any
business
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
may be acknowledged to have succeeded in the
business
. Indeed, with enough ,finance a person can not only provide for their family but
also
run a company, which creates a feeling of respect.
In addition
, on their way to wealth, people typically encounter a great many obstacles that they gradually overcome,
thus
it cannot but raise their image of a truly accomplished entrepreneur.
On the other hand
, it would seem inappropriate to take into account only the financial angle. It is believed that whether a
business
is thriving or not, might be indicated,
for example
, by the feedback of the employees working there
as well as
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
, is seen as a token of success.
To conclude
, despite the fact that there are a number of factors to consider
while
measuring the prosperity of a
business
, 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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