Our rail addresses are:

NS – B35, Hopewell

VA & CSXT – COMMONWEALTH, Hopewell, VA

Telephone:

O�ce: 804 458-9844

Fax: 804 458-9858

Shipping/Receiving:

411 E. Randolph Road

Hopewell, Virginia 23860

Mail:

P.O. Box 479

Hopewell, Virginia 23860

ind-svcs.com http://www.ind-svcs.com/blog/the-concept-of-good-business/

The Concept of Good Business

There is much more to a good business than merely “giving good business” to its clients and customers. The entire concept surrounding the notion of goodbusiness transcends simple transactions and establishing the business as viable. Ethics, adherence to changing trends and customer needs, achieving aworkable and self sustaining model and reaching out to work with clients instead of just for clients.

What Is The Meaning of A Good Business

There is a truism in business that states, “the first rule of business is to do business.” This holds true and is also a launching point for establishing a workingconcept for good business. The real first step is establishing a working business plan and model that excels in its specialty. For example, if the businessspecializes in developing, building, manufacturing and distributing product X, it stands that good business means sticking to product X andmorphing it as technology or other advances deem it possible. Not only should it make product X possible, the goal should be toconstantly seek new technologies or methods to improve on product X.

Not only should the business see to improve of the product, in order to adhere to good business practices, the company needs to findnew ways of production, distribution and logistics. All these ancillary facets work in direct relation to the product line and keeps a goodbusiness streamlined which translates to better worker morale, more satisfied consumers and a growing recognition of brand and product.

Good Business Needs Hard Work And Dedication

Questions that need to be asked on an annual or other such schedule include, “What can make this business more capable? Moreeffective? And especially, what will make this company more efficient than competitors? By asking these questions, businesses developclearer paths and guidelines to ensure the business’s relevance in the changing landscape of the market.

When considering expansion into alternative products other than the keystone product, it should only be done as long as the newproducts will not divert resources away from the keystone product. Any new venture a business seeks to expand into must be fully vettedto make sure the business remains viable and within the parameters of the founding mission statement. Failure to adhere to such canlead to erosion of consumer trust if the keystone product gets overlooked or outdated during expansion phases.

Beyond all this, the most important thing to adhere to is customer experience, satisfaction and value. Good business means alwaysasking if the business is adding value to the customer or consumer. If the products or services are not adding value for the customer orconsumer the business is simply not earning its profit in a good business ethic.

Good business takes hard and dedicated work that stays true and stands the course of the founding mission statement. Follow this andthe business will be adhering to the good business concept.

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Commonwealth Industrial Services, Inc. (CIS) is an industrial services company located in Hopewell, Virginia. Although historically a service business, CIS’ primary profit centeris the packaging and resale of ammonium sulfate.© 2014 Commonwealth Industrial Services Inc.

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