It is important for any business that their staffs have good business ethics and also personal working ethics. This means that the staff will all work fairly and with one another and also treat customers with respect and in doing so can help create a good trusting relation with the customers.
This can also help in keeping the staff working efficiently as there is a strong build-up of trust between the staff. Having good ethical practice can be reflected on the business as the staff can work efficiently this can improve the operations of the business and help make it run smoother.
In terms of competition with other businesses, it is not uncommon to see unethical methods of attracting more customers or using tactics to win customers from other workshops. It is important to have good ethics as this builds good relations with potential investor who can invest in your business provided you can give a safe and trusting relation with the investor.
This can also affect your relations with your employees and their performance in the business. Having good relations and ethics with your employees ensures that they are not cheating your business and are working for the benefit of everyone within the business.

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