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Importance Of Business Ethics

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For most people, money makes the world go round and business bears that money. Businessmen will perhaps do anything just to achieve the ultimate goal of having a business, and that is to earn income. Net profit or income financially means a surplus of sales or revenues after deducting costs and expenses. Whether you are engage in profession, occupation, work or trade, you are in business and you speak income. When you earn an income you suffer taxes, the worst nightmare for every income earners. Income tax is your punishment of doing well in business. This sounds ridiculous but this is the reality, you pay when you earn. Because tax is legislative, noncompliance to this would results to crimes. This thing called income tax had already made billions of liars around the world. Some governments imposed taxes which are already too much to burden the flow of business. Others make tax laws that are already beyond the ability of taxpayers. However these facts must not result in the existence of enormous number of dishonest people in the world.



Ethics in business rarely exists nowadays. Perhaps it is because for most people, profit will come without the need of business ethics. This, I don't agree. The word ethics is derived from the Greek word ethos, which means "character," and from the Latin word mores, which means "customs." According to the encyclopedia ethics is the branch of philosophy that defines what is good for the individual and for society and establishes the nature of obligations, or duties, that people owe themselves and one another. Maybe ethics is not needed to earn profit if you define profit or income as money. But deeply speaking, business is not just for money. Yes it is definitely for profit, but profit is not just financial profit. We need profit that will not just sustain our pocket or our stomach. Significantly, we also need profits that will feed our hearts and soul. Considering that we are great businessmen, we should extend our minds to this principle. We need business ethics to earn these high valued profits. We must be concerned to the virtue of our character and to the common good.

Your business is not just for the survival of your life on Earth but it can also be your road to the survival of your soul. If you're in business and had a company, you can help your employees by providing them enough salaries and other benefits that will make their lives better. You can be honest and pay your exact tax for the government who will eventually use it for your country's development. (Assuming your government is straight and not corrupt) But don't mind them, be honest even others are not. We are talking here your soul survival and not theirs. You can also serve your customers by providing them their needs and giving them convenience. Customer care is so important for your customers as also important for your business to earn public trust and loyalty. If you build infrastructures for your company you contribute to the development of your place in terms of buildings and infrastructures. When you got ethics in business you practice fair business competition. Fair business competition is a challenge for every business to improve the qualities of their products and services, and the end benefits are to the consumers.

Doing business with clean conscience is doing business with good night sleeps. It is also doing business with gladness of your heart and soul. Gratitude will come to you and you will become a stress free businessman if you do business with ethics. These and other spiritual profits will straightly come to you and the good thing on this is you are not taxed on this kind of profits. As an extraordinary businessman, you do not only set your long-term goals for 10 years or for a life time. You must also consider eternity and set goals to achieve profits that will benefit your soul. You need profits that last forever, profits that will give us everlasting life and happiness, and profits that will earn us the key to heaven. These profits will benefits us in the short run, midterm run, long run and eternal run, as God is great from the beginning and unto the never-ending.

Do business and believe in God. Building our business in God's place is like building it in rocks which are in great foundations. Let us be kind and grateful to our employees as they are our best assets. Let's give them bread and they will give us a ham sandwich. Let us have huge care to our customers as they are our best revenue generators. Let's give them good price, high quality products and best services and they will give us their respect and loyalty. Let us be fair to our competitors as they are our great motivators. Let us give them fair game and they will give us the true meaning of winning. Let us be thankful to our Father Almighty God as He is our greatest business partner. Let's serve Him and He will give us joy and peace of mind.
Importance Of Business Ethics
Business networking is one of the most important practices you can use to build up new business. From the point of view of lead generation, networking with local business men and women, across industry and target markets, can prove to be time and money well spent, and can generate word of mouth referrals and recommendations business that you would otherwise be unable to achieve. Despite it’s obvious merits, so many small business owners neglect networking and getting to know other business owners in their area, and as a result miss out on the opportunities presented by having a wider network of business associates. But just how much difference can networking make to the success, or otherwise, of your business?

Networking in business is initially important as regards getting your business known and ‘out there’ within the local community. Business owners talk to other business owners everyday, on a personal and commercial level, sharing information that can mutually benefit their businesses and closing deals to the success of one another, and further, those business owners each have their own independent network of friends, who have their own individual network of friends, and so the web continues. They are also a great way of promoting a new startup, and a great source of help and advice should you require it. Many first time networking business owners are surprised to find how active their local business community is, and there are loads of business owners across all different industries ready and willing to offer a helping hand when you need it most.

Likewise, networking in business is important from the point of view of driving sales and boosting revenues. By becoming involved with your local business community you can sell products and services to them directly, but also to their friends in other areas through recommendations. For example, as a website designer, your business could grow substantially through networking with business owners from a diversity of industries who may require a website designed themselves, or may know someone else who requires such services. In fact, you’d be surprised how tenuous some business links arising from networking can get – friends of friends of friends might also come knocking for your services, simply because you’ve taken the time and effort to communicate and network with local business owners in your area.

There’s no doubt networking and business go hand in hand, and as a simple proposition those that invest in building relationships will be subsequently dealt a great deal of work from wider networks and will gain more respect and a higher profile within their specific business community. For a little effort in forming personal relationships, the rewards of networking in business are there for all to see, and it’s no wonder major companies spend millions every year on corporate hospitality and getting to know their clients and suppliers. You too can engage in networking with others, to promote your business to a wider audience and to generate greater awareness of the products or services you have to offer, to generate new sales leads and long-term client relationships.
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•Codes Of Business Ethics, by Obinna Heche
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•Importance Of Business Culture, by Alvis Brazma
•Importance Of Business Development, by Paul Fitzgerald
About Author
Both Victorino Q. Abrugar & Naz Daud are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Victorino Q. Abrugar has sinced written about articles on various topics from Religion, Etiquette and Alternative Medicine. . Victorino Q. Abrugar's top article generates over 40500 views. to your Favourites.

Naz Daud has sinced written about articles on various topics from Real Estate, Ezines And Newsletters and Business Promotion. About the Author:A new CityLocal Franchise enables you to Work from Home & Be Your Own Boss. CityLocal, which aims to be a "hub", provides access to a comprehensive list of information about towns and cities in UK & Ireland. Visit. Naz Daud's top article generates over 60500 views. to your Favourites.
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