Some people think that the only way to judge someone’s success in business is by the amount of money they make.
Is money a true indicator of the success of a business?
In what other ways could success in a business be measured?
There are many ways in which success of a businessman is measured. Most famous and traditional one is the amount of liquid business earn. This measure is the most important for success but, it would be an overstatement to say it is the only one. In following paragraphs I would highlight all the measures by which worthiness of the trade can be calculated.
To begin with, the profit the person earns is considered as the prime gauge to determine the success of the business he or she owns. Money can be seen as the blood of the business and cash flow defines the trend it follows. The primary goal of any business is to make money and increase the dividend. However, it cannot be the sole aim of the business. Take examples of the two companies started at the same time, the first firm earned three billion dollars in a year and then went bankrupt and second one earned one billion for three years and still possesses large customers in the market. In this scenario, it is not reasonable to believe the ruined one the more successful. Thus, profit or revenue cannot be considered as a solitary way to gauge the prosperity of the tycoon.
To decide the position of the entrepreneur, only profit and loss statement does not matter, there are many other aspects required to deem. Firstly, customer satisfaction is necessary for any product to create its place in the market. An unsatisfied customer can negate the promotion by many satisfied and can adversely affect the market value. Secondly, the size of the consumer base defines the quality of the product or service which makes a customer loyal and regular. Thirdly, any firm has social responsibilities which define the affluence of the trader. How firmly the company carries these corporate responsibilities are reviewed by the community to define its success. For instance, a successful merchant would ensure that his merchandise does not harm the environment or the habitat of the planet. Finally, credits of the venture indicate that it pays the debt on time and investors are highly content with the return they receive. This impression on the stakeholders also shows that businessperson has been successful to create a respectable space in the market.
To sum up, a surplus in money after paying all the bills, debts, respectable wages etcetera, point out the victory, but this net profit alone is not sufficient to benchmark the state of the entrepreneur. Other prospects like the size of the customer base, number of economic responsibilities taken and creditability of the conglomerate defines the success of the dealer.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2019-09-12 | Prabhjot Kaur Bhullar | 73 | view |
| 2017-07-14 | email2singhn | 78 | view |
| 2016-10-12 | swati.vekariya | 84 | view |
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Grammar and spelling errors:
Line 6, column 78, Rule ID: POSSESIVE_APOSTROPHE[2]
Message: Possible typo: apostrophe is missing. Did you mean 'wages'' or 'wage's'?
Suggestion: wages'; wage's
...aying all the bills, debts, respectable wages etcetera, point out the victory, but th...
^^^^^
Discourse Markers used:
['also', 'but', 'finally', 'first', 'firstly', 'however', 'second', 'secondly', 'so', 'still', 'then', 'third', 'thirdly', 'thus', 'for instance', 'to begin with', 'to sum up']
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance in Part of Speech:
Nouns: 0.248434237996 0.247107183377 101% => OK
Verbs: 0.152400835073 0.155533422707 98% => OK
Adjectives: 0.0709812108559 0.0946595960268 75% => OK
Adverbs: 0.0438413361169 0.0501214627716 87% => OK
Pronouns: 0.027139874739 0.0437548338989 62% => OK
Prepositions: 0.100208768267 0.122226691241 82% => OK
Participles: 0.0229645093946 0.0403226058552 57% => OK
Conjunctions: 2.85192288543 2.80594681477 102% => OK
Infinitives: 0.027139874739 0.0326793684256 83% => OK
Particles: 0.00417536534447 0.00163938923432 255% => OK
Determiners: 0.150313152401 0.0861772015684 174% => OK
Modal_auxiliary: 0.0187891440501 0.021408717616 88% => OK
WH_determiners: 0.0104384133612 0.011925033212 88% => OK
Vocabulary words and sentences:
No of characters: 2591.0 1933.35771543 134% => OK
No of words: 436.0 316.048096192 138% => OK
Chars per words: 5.94266055046 6.12580529183 97% => OK
Fourth root words length: 4.56953094068 4.20517956788 109% => OK
words length more than 5 chars: 0.346330275229 0.374742101984 92% => OK
words length more than 6 chars: 0.272935779817 0.28420135186 96% => OK
words length more than 7 chars: 0.192660550459 0.203846283523 95% => OK
words length more than 8 chars: 0.126146788991 0.137316102897 92% => OK
Word Length SD: 2.85192288543 2.80594681477 102% => OK
Unique words: 232.0 176.037074148 132% => OK
Unique words percentage: 0.532110091743 0.56093040696 95% => More unique words wanted or less content wanted.
Word variations: 61.5360415684 60.7387585426 101% => OK
How many sentences: 22.0 16.0891783567 137% => OK
Sentence length: 19.8181818182 20.7743622355 95% => OK
Sentence length SD: 42.901217498 49.517814964 87% => OK
Chars per sentence: 117.772727273 127.492653851 92% => OK
Words per sentence: 19.8181818182 20.7743622355 95% => OK
Discourse Markers: 0.772727272727 0.814263465372 95% => OK
Paragraphs: 4.0 4.38877755511 91% => OK
Language errors: 1.0 3.99599198397 25% => OK
Readability: 47.1117597998 49.1944974215 96% => OK
Elegance: 1.66355140187 1.69124875643 98% => OK
Coherence and Cohesion:
Essay topic to essay body coherence: 0.509562498799 0.332605444948 153% => OK
Sentence sentence coherence: 0.120117943965 0.102741220458 117% => OK
Sentence sentence coherence SD: 0.0491334888154 0.0668466124924 74% => OK
Sentence paragraph coherence: 0.594415393231 0.534860350844 111% => OK
Sentence paragraph coherence SD: 0.101111077412 0.148594505496 68% => OK
Sentence topic coherence: 0.226977755072 0.134430193775 169% => OK
Sentence topic coherence SD: 0.068418647187 0.0742795772207 92% => OK
Paragraph paragraph coherence: 0.602220787839 0.324371583561 186% => Paragraphs have same ideas.
Paragraph paragraph coherence SD: 0.0674892657476 0.0638462369009 106% => OK
Paragraph topic coherence: 0.40936309999 0.228012699653 180% => OK
Paragraph topic coherence SD: 0.0433085548184 0.058150111329 74% => The ideas may be duplicated in paragraphs.
Task Achievement:
Sentences with positive sentiment : 16.0 8.68436873747 184% => OK
Sentences with negative sentiment : 1.0 3.9879759519 25% => OK
Sentences with neutral sentiment: 5.0 3.41683366733 146% => OK
Positive topic words: 13.0 5.90881763527 220% => OK
Negative topic words: 1.0 2.5751503006 39% => OK
Neutral topic words: 2.0 1.9629258517 102% => OK
Total topic words: 16.0 10.4468937876 153% => OK
What are sentences with positive/Negative/neutral sentiment?
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Rates: 73.0337078652 out of 100
Scores by essay e-grader: 6.5 Out of 9
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Note: This is not the final score. The e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.