Friday, October 12, 2007

Integrity and Business Success

There is strong correlation in the level of integrity one has and their net worth. An excellent example is Warren Buffet. He is one of the only Billionaires to make his billions investing in stocks through not only sound business fundamentals (value investing) but through strong moral judgements of character. Money is invested in corporations that are not only profitable but whose management possess high levels of integrity and respect for both their employees and shareholders.

Warren puts it very nicely in the following quote:

“You can't make a good deal with a bad person”
-Warren Buffet

Warren Buffet is one of many examples that prove morality makes good business sense. The books by Thomas Stanley that document his research of Millionaires are filled with numerous examples. I am by no means saying that you should be “good” so that you can get money but that money is actually a bi-product of being good and having a high level of integrity.

We at cameesa (our new venture) possess a reverence for our customers, investors and anyone our company touches and hold them in the highest regard. Our product’s ultimate goal is to create opportunities for others that were not present before by leveraging community based business models. We believe in sustainable, team-oriented business models where everyone in the community benefits and that the whole is greater than the sum of its parts. We also believe that the only way to conduct business in today’s competitive landscape is with honesty and integrity. It is extremely hard for us to believe it can be conducted in any other fashion.

If any of the aforementioned beliefs are corrupted, the business should cease operations immediately regardless of growth or profitability because it won’t survive the test of time.

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