December 19, 2021

The Great Importance of Doing Business with Ethics

The Great Importance of Doing Business with Ethics

 

 Money makes the world go round for most people, and business bears that money. Business people will perhaps do anything 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 engaged in profession, occupation, work, or trade, you are in business and speak income. You suffer taxes when you earn an income, the worst nightmare for every income earner. Income tax is your punishment for 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 result in crimes. This thing called income tax had already made billions of liars worldwide. Some governments impose 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 an 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 for business ethics. This, I'm afraid, I have to disagree with. The word ethics is derived from the Greek word ethnos, 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 society and establishes the nature of obligations, or duties, that people owe themselves and one another. Maybe ethics is not needed to earn a profit if you define profit or income as money. But sincerely 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 with the virtue of our character and 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 have a company, you can help your employees by providing them with enough salaries and other benefits to improve their lives. 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 about your soul survival and not theirs. You can also serve your customers by providing them with their needs and giving them convenience. Customer care is essential for your customers and 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 a clean conscience is doing business with a good night's sleep. It is also doing business with the 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. As an extraordinary businessman, you do not only set your long-term goals for ten years or a lifetime. It would help if you also considered eternity and set goals to achieve profits that will benefit your soul. It would help if you had 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 benefit us in the short run, midterm run, long run, and eternal ruin, as God is great from the beginning and unto the never-ending. These and other spiritual profits will straightly come to you, and the good thing about this is you are not taxed on this kind of profits.

Do business and believe in God. Building our business in God's place is like making it in rocks on 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 provide us with a ham sandwich. Let us take massive care of our customers as they are our best revenue generators. Let's give them reasonable prices, high-quality products, and the best services, and they will provide us with their respect and loyalty. Let us be fair to our competitors as they are our great motivators. Let us give them the proper game, and they will provide us with the true meaning of winning. Let us be thankful to our Father Almighty God, as He is our most significant business partner. Let's serve Him, and He will give us joy and peace of mind.

 

 

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