In the field of business today we encounter many things that we consider to prioritize but in order to succeed in business there are things that come first. In business we must have to deal with making profit and at the same time we have to deal with the ethics that guide the business. Everyone ideally is expected to have an ethics that he or she holds onto. Money gets to business the main target is to make profit in as much as every other ethics is being considered. This is where the battle line between profit and ethics begin. With good actors maintaining them you my probably have good customers with goods ratings stars. But with that be the only thing you need for a successful business? Business require a lot and not just one part of this neither will a good business deal with just making profit or just focusing on ethics.
My dad will always tell me that the business is like a coin you start it hoping for it to be in your favor but when you throw the coin the coin decide to fall with each face it wants to. When you start a business you have this intention or the mindset of it giving you profit at first, I believe that no one has the intention of losing or making losses when he or she starts a business but then another thing comes to play a role which is ethics. As far as business is concerned, it involved buying and selling which automatically involves two persons or more. The ethics which we follow up our business matters a lot and it also in another way play a role in our success to our profit in our business. It might not really be that clear but it does.
Let Me explain a beat about how ethics can lead to success or making more profit in business. When actors play a vital role in your business it enables you to create a strong bond between you and your customers, by this is allows you to gain trust and loyalty of this customers. This is where A wise businessman or woman comes to play a role, many businessman are not successful because of the hard money before entering the business body ethics they apply. A friend of mine started his business with about $1,000 after some months he didn't make much profit but use the period of about 4 months to gain trusts and loyalty from his customers, it was not up to a year customers were able to give him a certain amount of money to bring in goods to them. Do you know that he used this customers money purchase the goods take his own interest and give them the goods. This is business and this is also what it is can do.
When you focus just on making profit you might lose out on the way because you will focus on making this money and the interest or profit without considering the third person between you and the money which are your customers or people who you do this business with. At a point you will be all about the money and not even concerned about other persons or other factors that contribute the increase or the successful income of the profit. Creating a balance between making profits in business and ethics is a vital role that every businessman or woman should take notes of. For you to be able to achieve this you must consider ethics in making strategic decisions. Also focus on earning the customers confidence and trust before starting a business or why doing a business, with this you will be able to balance between making profit and ethics.
I believe we can create a balance between making profit and ethics when it comes to business. I mean, in business the two of these (Profit and Ethics) must come to play a vital role for this business to be a successful one. However that does not mean that for a business to be a successful one, one cannot do without each other, you can actually run a successful business we just focusing on one, either making profit or considering ethics. But then we should know that it is way different from one who create a balance between the just making profit or just ethics.
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