It can be tough to be in business today, especially in competitive markets where underhanded behaviors seem to be the norm. However, as a business owner, it’s up to you to retain your sense of business and personal ethics as an example to the rest of the world. It’s also your responsibility to pass these values on to your employees through clear communication and demonstration.
How can a business owner operate ethically and morally today?
There are several ways that you can establish yourself as a leader in your industry, without compromising your values. It starts with building a strong foundation based on your ethics, your faith, and your commitment to doing things the right way. Here are a few tips.
Create a mission statement based on morale principles.
Sure, it can be tempting to write a mission statement that’s all about getting to the top of the pecking order. But is this the best you can come up with? Instead, take responsibility as a business leader and develop a mission statement that conveys your deepest values.
Be a responsible contributor in business.
Your business has an impact on the people who work for you, the customers and vendors you do business with, and the communities in which you operate. Be sure you are honoring this as you forge your business objectives and policies. Create those that contribute to the greater good.
Draft policies based in ethics and morals.
A well-managed business will have a clear set of written policies on everything from communication to employee development. Take the time to review yours often and update them to a higher standard. Remember, the moral code you establish in your business can often translate to the lives of those who work for you.
Have a cause for your business.
Does your business exist solely for the purpose of being profitable, or do you see the bigger picture? Every business owner needs to establish a cause that they can get behind and promote. This can be your favorite charity, an educational scholarship for the children of employees, or a cause that somehow improves the lives of others.
Be a good steward of business resources.
It’s hard to understand this sometimes as a business owner, but the very reason you are as successful as you are right now is because of divine intervention. The money you earn is a direct result of the God-given talents you have. Use that money not just for your own good, but for the good of your church or synagogue, your community, and your employees.