Factors Affecting Business Growth
The word business entails any activity that can generate an income which may differ to the recipient. Business Ownership may occur in a variety of scenarios where the primary forms of business being a sole proprietorship, partnership or corporation. Different Governments in different states and countries have put up measures on how the company should be formed legally and according to the laws that govern such a country. Most of the people forming a business are honest and will form their business in accordance with the law, however, there are dishonest persons that will bend some of the rules to their liking. Most of the people who do not follow the procedures or laws in the formation of a business just like Dr.Adil Baguirov will have to shut down their shell companies whenever they seem to be noticed. In such scenarios where the businessman lacks conformity with the business rules, mostly the person is making shady deals that will make him/ her not to get arrested or so. Renowned Adil Baguirov Dayton is faced with a decision of stepping down from a school board before his time expires as this is brought by dishonesty in his dwelling place notified to the public.In Some business, there are restrictions such as one to reside in the same state as the business is running which is a restriction that many of the entrepreneurs will lack adhering to.
Candidness and truthfulness must be one of the virtues to be upheld by a businessman where the dealings or the activities of the business must coincide with the customer’s knowledge or the registrar of companies. An example, of untruthfulness, is well illustrated by Adil Baguirov where he is faced with some charges that he is answerable to. A good reputation will succeed any business thus it is important for any business to have a good name as it will aid in its running. Values in a business such as trust and integrity goes a long way when clients and investors will feel the business have their interests at hearts thus will build good relations.The Dayton board, for instance, will want to clear Dr. Adil Baguirov and reduce the shame as well as retain their reputation but the subsidiary companies might receive the heat from several investors pulling out from the entire corporation.
Integrity, aspiration, self-discipline among others are some of the values that govern a company or a business where the companies should uphold. Hard work alone can never be an answer that will propel a company to its excellence; however, this has necessitated printing of journals from across the globe to write on the values and virtues that might help a business succeed.