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SHRUTI
ACCOUNTING
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Value Additions
to Businesses
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| WHAT MAKES A BUSINESS SUCCESSFUL ? |
| Many
Analyst says that a Company is successful due to its Cash management
policy of holding down the costs and increasing the gross profit ratio.
But the most important factor for success of a business is - the people
who are a company's customers and the people who are employees of
a company. Successful businesses have learned early in the game that paying diligent attention to one's customers is necessary for success. A company has to care about giving a top quality product and first rate customer service. Listening to the customer is all important. Responding to customer suggestions and complaints will improve any business and its chances of success. Successful businesses also have learned that listening to one's employees is important. Encouraging new product ideas and new ways of doing things has made many a business more profitable. Study after study has shown that employees care about much more than the size of their paychecks; they want to feel that the work they are doing is important. Businesses that solicit employee input and put the good ideas into practice are encouraging employees to feel that they are a part of the company. Businesses where the employees are made to feel as significant factor in the business's success will provide a better product and customer service. The people combination cannot be beat; it invariably spells business success. |
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Need
help with your tax?
Consult the Experts here. |
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Very Useful Links about Doing Business in the USA :[Introduction] [ Starting
Your Business] [ Planning Your Business]
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