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What Else Can Make Your Business a Success Besides Money?

business success

It is often said that there is more to life besides money, and this true or at least it should be.   Health and happiness should be in the forefront.   When it comes to your business believe it or not there are other things that will make it a success besides money too.

Some other valuable assets that you need for your Company to grow are the right qualities.

Enthusiasm

This can be contagious and if you want your employees to give you their all then they need to see that you are passionate about your company.  If you are up and down with this it creates instability. This is especially true in a new Company. Workers want to know their job is secure and that you won’t be closing the doors because of lack of enthusiasm.

Progressive thinking

Once you have settled into your business and it seems to be stable and secure don’t be like some business owners and be afraid to rock the boat.  You may feel that your business is making you enough money to be comfortable, but your employees want to move up the ladder as well.  That doesn’t mean you should take risks but you should be open for growth and open to ideas.   Encourage your employees to share their thoughts as they will feel more vested into your business.

Know the difference between being a leader and a boss

Of course as the owner of the Company you are the boss but you also have to be a leader and a role model.   You have to set the scene for good interaction between your employees and you.   Your leadership makes your employees feel like they have a sense of direction within the company.   It gives them a solid foundation for them to build their work ethics on.

Don’t take your customers for granted

Don’t just assume that because you have been in business for years and have built up a loyal customer base.   Being humble and thankful towards them is a precious quality.

All of these combined together make your business a success and in its footsteps follows the financial rewards.  It is not always about how great your product is or how amazing your service is noted for that builds a strong success business.

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Sam Seidman, CPA, CA, LPA
629 Sheppard Avenue West
Toronto, Ontario
M3H 2S3

Telephone: (416) 398-1700
Fax: (416) 398-6226

Chartered Professional Accountant, Chartered Accountant, Licensed Public Accountant

Email: sam@torontoaccountant.ca

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