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Integrity and Honesty - Qualities Necessary for a Successful Business
| Guest post by: Carrie Langstroth |
Article Overview: Integrity and honesty are the pillars that can make or destroy your business. Practicing integrity and honesty in business will help you in establishing a good reputation in the market, enabling you to make more clients and thus grow your business the ethical way.
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Integrity and Honesty - Qualities Necessary for a Successful Business
Every business is established on pillars. These pillars are the supportive structures of the whole business proposition. You cannot do away with them without risking the ultimate collapse of your business structure. Two such essential business pillars are honesty and integrity.
Without honesty and integrity backing up your claims, your USP (unique selling point), or your customer-friendly approach; you cannot hope to operate successfully. If business owners think that dishonesty if undiscovered is fine, then they are deluding themselves. If integrity does not back their claims, ultimately they will lose the clients they gained and fail to win new ones.
Integrity
According to the Merriam-Webster dictionary, 'integrity is the firm adherence to a moral code or values'. This means that if you claim to provide quality services, then that is exactly how your services will be.
Quality should be your hallmark. Or if you claim to take a stand against bribery, then you must refuse to take or give bribes, even if it costs you a contract. The company Shell is known for its honesty and integrity in business. They have zero tolerance for bribes and fraud in their commitment to crush corruption in society.
Honesty
Meaning of honesty is 'fairness and straightforwardness of conduct'. One practical application of honesty in business is in the area of accounting. Conduct regular internal and external audits for your own good. Pay your taxes on time and honestly.
Never short change your customers. On the other hand, go out of your way to give them value for money. Honesty also involves 'telling it as it is.' Never mislead your customers, beat around the bush, and sell a product that is actually not suitable for them, or does not meet their specific need.
Tried and True
A quality of both honesty and integrity is that these pillars can only be tested in real time. Having honesty and integrity printed in your code of ethics or core business values will not ensure that you will act in that manner at all given opportunities.
These are character traits that are essential in any individual for successful living. If you are honest and true to your family and friends, then why not conduct your business relations in the same vein?
Over time, your reputation of practicing honesty and integrity in business will spread and you will gain clients who likewise seek to maintain such qualities in their own respective fields. This will stand you well while bidding for government contracts.
Your reputation will always go before you and people will feel safe doing business with you. In other words, you will reap trust in the business circles.
Whether you are employing a few people or a large work force, you will enjoy better employee performance when you uphold honesty and integrity in your business. An ethical work atmosphere sets the stage for high performance. Integrity and honesty are the mark of leadership in any field. These two pillars are a business' primary networking tool and will take you from obscure places to stand before kings.
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Referred by: http://jaykubassek.com
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About the Author: Carrie Langstroth RSS for Carrie's articles - Visit Carrie's website Carrie Langstroth has a background in finance. She was the Chief Financial Officer for one of the fastest growing property management and development companies in the country. She retired from this career and has started pursuing other business interests. She looked for a business that offered flexibility both in location and time. She positioned herself as a Master Consultant with internet marketing and has excelled in leadership. Learn more about this revolutionary business that can change your life. Click here to visit Carrie's website   Marketing Big resolution Small Budget 5 Ways to Improve your Visibility Personal Branding Necessary for Internet Marketing Success Attitude Necessary for Success in Business How to Start a Business with Limited Capital |
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It doesn't matter how successful you are in your business - it's always possible to learn something new.
In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment!
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My entry
- 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read
- this is a fascinating book about the history of Business theory, and I'd recommend it to anybody.
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Exclusive: Interview with Results
- Hi Forum Members,
I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles).
As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business.
This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business.
I am looking to interview about 30 businesses across North America over the span of 3 months.
At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews.
I would like to extend this opportunity to members of the Forum.
If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM.
Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.
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B2B = Business to Business - You are marketing to other businesses.
B2C = Business to Consumer - You are marketing to consumers.
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