How to run a business successfully?

This is a common question. There are various opinion and idea to run a business successfully. But most of the time people consider profitability and stock value is the key to measure success of a company.  

Is it true?

After almost 2 decades in industry and working with people from various cultures, religions and ethnicity, I think success of a company depends on happiness in the workplace because happy employees are productive employees.

As per me the best business tips for success is employee satisfaction.

A happy work environment fosters success because they use the power of positive thinking. I think this a culture which needs to be built instead of doing a time bound happiness project.

 “The supreme happiness of life is the conviction that we are loved.” 

Here are eight easy ways to increase happiness in the workplace – outside of giving a raise.

1. Praise your employees’ hard work. 

2. Provide a reward for above-average efforts. 

3. Offer flexible work hours. 

4. Make your employees comfortable at work. 

5. Communicate with them regularly. Share the big picture with them.

6. Ask employee for input on how their dept./the company is run 

7. Reward new ideas 

8. Give them opportunities to learn new things 

Happiness At Work - Picture by Chief Happiness Officer Alexander Kjerulf

The benefits of a psychologically well work force are quite consequential to employers, especially so in our highly troubled economic environment.The single greatest advantage in the modern economy is a happy and engaged workforce. A decade of research proves that happiness raises nearly every business and educational outcome: raising sales by 37%, productivity by 31%, and accuracy on tasks by 19%, as well as a myriad of health and quality of life improvements. To know more happiness pays a dividend.

Image source - choose-happiness-at-work