Why the Golden Rule Must Be Practiced in Business

The Golden Rule, it’s the best way to benefit everyone in business. Business starts and ends with treating customers right, which is common sense. However, much can be said for treating your suppliers and employees right too. Doing so leads to better morale, better effort, and better results. These results make your customers happy while also building up the reputation of yourself and your business. Statistically businesses that treat their employees and suppliers right have much better returns. Read the article to find out more!

Key Takeaways:

  • But far from being “fluffy” concepts with no real place in the business world, it’s important to recognize that ethics are directly tied to a company’s long-term success.
  • In most industries, companies that are the loyalty leaders have a compound annual growth rate that is more than twice that of their competitors.
  • One of the most valuable possessions that you have is your reputation — and it’s important to guard it at all costs.

“Treat your customers right and they’ll be happier, more likely to come back — and more inclined to recommend you to friends and family.”

https://www.entrepreneur.com/article/281387?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+entrepreneur%2Flatest+%28Entrepreneur%29&utm_content=FeedBurner

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