| Ethical Business Discussion on how to be an ethical person or Christian in the marketplace. |
 | | 
4th December 2010, 01:40 AM
| | Newbie
  
| | Join Date: 23rd November 2010
Posts: 19
Blessings: 88,791
Reps: 9,223,372,036,854,822 (power: 9,223,372,036,857) | | | What are the best Ethical Business Practices?
What do you think are the best ethical business practices to become a successful entrepreneur? |
4th December 2010, 07:57 AM
|  | Legend
 | | Join Date: 24th March 2005
Posts: 20,416
Blessings: 13,262
Reps: 225,918,858,897,027,968 (power: 225,918,858,897,056) | | | It is a difficult year for anyone to be successful, let alone start a business. But here are a few...
- Pay your employees on time
- Make realistic deadlines and meet them on time
- Meet your verbal promises, and don't be tempted to ignore them
- Price fairly, within market ranges
- Do not pump up stories for investors, with assumptions that you will be successful enough to meet unrealistic projections
- Do not accept the advice of someone offering too large a loan
- Do not pay workers under the table. You need to sleep at night.
- Do not post ads in Craigslist for unpaid workers to chase after your dream. Take responsibility for it yourself, and respect other people's time.
- Do not require every employment inquiry to prepare lengthy applications and lengthy interviews ... put out a preliminary screening first. Respect their time.
- Do not fudge on taxes, or sell without proper sales tax.
- Do not round up too loosely -- keep your measures accurate
- Stress, over the long run, translates into money
- Do not take what someone else has dreamed up and written, and sell it as your own
__________________
What is hateful to you, don't do unto your neighbor. The rest is commentary. Now, go and study.
-Rabbi Hillel |
6th December 2010, 02:07 AM
| | Newbie
| | Join Date: 23rd November 2010
Posts: 19
Blessings: 88,791
Reps: 9,223,372,036,854,822 (power: 9,223,372,036,857) | | Originally Posted by heron  It is a difficult year for anyone to be successful, let alone start a business. But here are a few...
- Pay your employees on time
- Make realistic deadlines and meet them on time
- Meet your verbal promises, and don't be tempted to ignore them
- Price fairly, within market ranges
- Do not pump up stories for investors, with assumptions that you will be successful enough to meet unrealistic projections
- Do not accept the advice of someone offering too large a loan
- Do not pay workers under the table. You need to sleep at night.
- Do not post ads in Craigslist for unpaid workers to chase after your dream. Take responsibility for it yourself, and respect other people's time.
- Do not require every employment inquiry to prepare lengthy applications and lengthy interviews ... put out a preliminary screening first. Respect their time.
- Do not fudge on taxes, or sell without proper sales tax.
- Do not round up too loosely -- keep your measures accurate
- Stress, over the long run, translates into money
- Do not take what someone else has dreamed up and written, and sell it as your own
It's really so nice to see your healthy response. Yeah, these are the basics of any kind of business you're running or you want to establish. We must follow these pointers to get optimum level of success in our respective walks of life too.  |
6th December 2010, 08:09 AM
| | Legend
| | Join Date: 24th March 2005
Posts: 20,416
Blessings: 13,262
Reps: 225,918,858,897,027,968 (power: 225,918,858,897,056) | | | Would like to hear your list too. |
7th December 2010, 01:45 AM
| | Newbie
| | Join Date: 23rd November 2010
Posts: 19
Blessings: 88,791
Reps: 9,223,372,036,854,822 (power: 9,223,372,036,857) | | | I'll surely and even would love to come up with my own list of guidelines that must be followed to run a business successfully soon. |
7th December 2010, 02:12 PM
| | Senior Veteran
72    
| | Join Date: 3rd August 2004 Location: New Zealand
Posts: 11,950
Blessings: 14,033,168
Reps: 440,292,318,863,953,408 (power: 440,292,318,863,973) | | | The development of people not money is the priority. (Where you heart is there is your treasure)
Greed, the driver of modern economic theory, must be replaced with concern for social justice
Co-operation not competition
The mutual good for society replaces individualism and personal gain
John
NZ |
8th December 2010, 01:32 AM
| | Newbie
| | Join Date: 23rd November 2010
Posts: 19
Blessings: 88,791
Reps: 9,223,372,036,854,822 (power: 9,223,372,036,857) | | Originally Posted by Johnnz The development of people not money is the priority. (Where you heart is there is your treasure)
Greed, the driver of modern economic theory, must be replaced with concern for social justice
Co-operation not competition
The mutual good for society replaces individualism and personal gain
John
NZ
Yeah John, I agree with your post, but the point is 'who is practicing these thing?' I don't see even such a single instance around, which probably is an alarming situation. |
8th December 2010, 01:05 PM
| | Senior Veteran
72
| | Join Date: 3rd August 2004 Location: New Zealand
Posts: 11,950
Blessings: 14,033,168
Reps: 440,292,318,863,953,408 (power: 440,292,318,863,973) | | | There are some more radical businesses around, but they are not easy to find. Have you read any of Ricardo Semeler's books?
John
NZ |
9th December 2010, 01:37 AM
| | Newbie
| | Join Date: 23rd November 2010
Posts: 19
Blessings: 88,791
Reps: 9,223,372,036,854,822 (power: 9,223,372,036,857) | | Originally Posted by Johnnz There are some more radical businesses around, but they are not easy to find. Have you read any of Ricardo Semeler's books?
John
NZ
Yeah hunny, there might be many more such. I didn't give that a read yet, bu I would love to. What is it about? |
9th December 2010, 02:11 AM
| | Senior Veteran
72
| | Join Date: 3rd August 2004 Location: New Zealand
Posts: 11,950
Blessings: 14,033,168
Reps: 440,292,318,863,953,408 (power: 440,292,318,863,973) | | | A somewhat radical approach to doing business - much quite contrary to modern management practice and theory.
Maverick and the Seven Day Weekend (or similar title) are the two books I have read.
A British organisation (LICC - licc.org.uk) may have some links or respond with some suggestions if you ask them
John
NZ | | |
| Thread Tools | | | | Display Modes |  Linear Mode |
| | |
