It is argued by some that money play's a vital role in defining the success of a business i. e. the more earnings a business makes, the more successful is the business. In my opinion, although, money can be the solution to many problems, but it cannot be used to measure the profit of a business. There are other factors that define the success of a business.
Even though money can solve numerous problems in a business, it does not necessarily indicate success. Take, for example, a company is making billions of dollars even during the pandemic, but it fails to recognize the talent of its hard-working employees. Despite the huge profits the company is making, its employees are not happy. This makes employees lookout for other opportunities, where their hard work is praised. Thus, money is not a true indicator of success for the company.
One way to measure the success of a business is to keep employees happy. A happy employee makes a happy company, which in turn makes a company thrive. For instance, employees can be given incentives for the good work they do or they can be given work-off days so that they are not burned out of working too much. Another way to calculate the success of a business could be by keeping a check on the goal which the business aims to achieve i. e. are the targets set achievable in the defined time frame or not. Keeping a check on targets is a way of measuring the success of a business, achieving more targets is directly proportional to the success of a business.
In conclusion, money is one of the factors which solves many problems, but more money is not equal to success. A successful business should always keep in mind the mental state of its employees and at the same time should be able to attain the set goals in the required time.
It
is argued
by
some
that
money
play's a vital role in defining the
success
of a
business
i. e.
the more earnings a
business
makes
, the more successful is the
business
. In my opinion, although,
money
can be the solution to
many
problems,
but
it cannot be
used
to measure the profit of a
business
. There are other factors that define the
success
of a business.
Even though
money
can solve numerous problems in a
business
, it does not
necessarily
indicate
success
. Take,
for example
, a
company
is making billions of dollars even during the pandemic,
but
it fails to recognize the talent of its
hard
-working
employees
. Despite the huge profits the
company
is making, its
employees
are not
happy
. This
makes
employees
lookout for other opportunities, where their
hard
work
is praised
.
Thus
,
money
is not a true indicator of
success
for the
company
.
One way to measure the
success
of a
business
is to
keep
employees
happy
. A
happy
employee
makes
a
happy
company
, which in turn
makes
a
company
thrive.
For instance
,
employees
can be
given
incentives for the
good
work they
do or
they can be
given
work-off days
so
that they are not burned out of working too much. Another way to calculate the
success
of a
business
could be by keeping a
check
on the goal which the
business
aims to achieve
i. e.
are the targets set achievable in the defined time frame or not. Keeping a
check
on targets is a way of measuring the
success
of a
business
, achieving more targets is
directly
proportional to the
success
of a business.
In conclusion
,
money
is one of the factors which solves
many
problems,
but
more
money
is not equal to
success
. A successful
business
should always
keep
in mind the mental state of its
employees
and at the same time should be able to attain the set goals in the required time.