According to a recent study in the Global Business and Economics Review, the failure rate of Amish businesses is less than 10% in the first five years, compared with 50% of small businesses in the U.S. over the same time period.
Erik Wesner, author of Success Made Simple: An Inside Look at Why Amish Businesses Thrive, points out these five values as part of the secret of their success:
Never ask an employee to do something that you wouldn’t be willing to do yourself.
Value relationships over onetime deals.
Cultivate a rigorous work ethic.
Learn to work outside your comfort zone.
It’s all in the details: make sure the product — or service! — you deliver is carefully crafted.
We appreciate your support
One way in which you can support us — at no additional cost to you — is by shopping at Amazon.com.
Our website includes affiliate links, which means we get a small commission — at no additional cost to you — for each qualifying purpose. For instance, as an Amazon Associate Religion News Blog earns from qualifying purchases. That is one reason why we can provide this service free of charge.