If you want to make a living, it’s easy to do so by dabbling in degeneracy. A lot of the world seems to be struggling right now for a variety of reasons, and the easiest ways to earn a living involve taking advantage of their misery. Whether it’s alcohol, drugs, weapons dealing , sports betting, or even fast fashion such as what’s sold on Shein, a lot of the biggest fortunes have been made profiting from people’s misery. As someone who is a young, struggling, but up and coming entrepreneur, I know it might be tempting to join in on the clown show and get some money while you can. But I think, there’s actually more money and sustainability in ethical businesses. Ethical businesses take a long time to start and get right, but the results are well worth it because you’ll often have something solid and stable when it’s built. So why do ethical businesses work better than shady ones when it comes to being wealthy?
Ethical businesses create happy customers
When you’re young, having a few happy customers isn’t so helpful. People do whatever they want and will often take advantage of your kindness. You also haven’t necessarily built up a reputation for good work, so you don’t have enough volume to bring in the big bucks. It can be hard to stay ethical and do right by others in the early stages of entrepreneurship. I say stay on course. Give it 5 years, and you’ll likely be rolling in dough, or at least have a steady flow of customers. Your reputation will work for you, and making money should feel easy. You just have to put in the time and do the right thing.
Ethical businesses don’t create enemies
If you burn people, they’re going to be on your ass. You would surprised by how long some people can hold a grudge. Think decades not months. If you run a clean business that doesn’t make other people mad, things are so much easier. You don’t want to be isolated and worried about your own safety. It’s much easier to be nice and do the right thing.
Ethical businesses are less susceptible to regulation and patching
This is for the people who are doing something legal, but immoral. But it can also apply to the people involved in crime. Most unethical activities end up affecting a small business or person. This usually leads to regulatory action. When regulators crack down on you, you can lose your freedom and your income can be cut. Ethical businesses are subject to regulation, but those regulations tend to be less punitive, because they don’t target the core of your business model. If you run an ethical business, all you need to worry about is new technology, recessions, and freak accidents. You’re safe from people trying to attack you.
Ethical businesses give you real skills
Cheating and scamming is actually quite difficult. I come from a place with a lot of scammers. By the time I was in high school my classmates were masters in check fraud, and wanted everyone to let them use their accounts to “make a quick $2,000-30,000″. I had a rough understanding of what they were doing, and knew it took skill. But making $30,000 in a day from selling a product is much harder than doing cheque fraud. I’ve made $1,000 in a day, and I can tell you it was very difficult. Doing honest business forces you to work hard, and that hard work pays off when your back’s against the wall and you need skills. It’s important to have skills because you never know what will happen and you never know what opportunities will arise.
Overall, it’s always easier and better to do the right thing than it is to do the wrong thing. This applies ethically, and not legally, although it also easier to follow the law than to break it. That being said, some laws are stupid, inconsequential, and carry minimal punishment; while certain legal activities are evil and draw scorn. Do what you think is right, and you increase your chances of being successful in business dramatically, at least in my experience.
Thanks for paying attention.
By Rising Current on .
Exported from Medium on November 8, 2024.
