There are two business fundamentals that have never changed. The good news is that every business leader is in control of them... Building a successful business involves hard work, which is why I don't believe in the get-rich-quick schemes that are constantly circulating on the internet. I've worked with some of the best leaders in business. I've witnessed and been part of high-performing teams that have led transformational business change. I've worked with mentors who have provided me with a level of help and support that I cannot articulate how much I appreciate. Today is no different. In this blog post, I am going to make the case for two of the business fundamentals that have never changed, which many of the get-rich-quick business tactics I've read recently seem to overlook. I am talking about people and purpose. People. If you're a business leader, lead by example. Your people look to you. So, the standards you set matter. High-performing teams aren't built by accident; key factors determine the quality of a business's people. It starts with, at every opportunity, hiring people better than you. I firmly believe leaders need to get comfortable with this. Then, we need to get out of their way and focus on what will ultimately keep our teams in the organisation, namely the company's culture. Yes, other things affect the quality of people in an organisation and retaining them, but hiring great people and creating an environment where they can flourish is a good start. Purpose. "Your vibe attracts your tribe." Your 'vibe' is your purpose, and your 'tribe', your colleagues, customers, partners, shareholders, etc., which most businesses need some or all of. An aligned tribe is a cornerstone to success. It also drives decision-making. Purpose drives strategy: A former CEO of mine regularly asked my colleagues and me, "What's our philosophical position on this?" This was his way of asking, "Does this decision align with our business purpose?" If it fitted, we acted; if it didn't, we moved on. The clarity this provided us in the critical decision-making process was invaluable. Lead by example. Build a team of extraordinary people, create a company culture that supports their and the company's growth and define a purpose that underpins your decisions. In short, people + purpose = profit. What other fundamentals do you think are essential to success in business?
What a motivational read first thing in the morning… I think, Persistence… never stopping. Always pushing for the summit, no matter how hard it is feeling. “Persistence is what makes the impossible, possible”
100% agree!
Sales Director at Stage Electrics
9moDefine your 'Why'. Why do we do what we do, both as a company and an individual? If you don't have the those answers you are just going through the motions of the day to day. No purpose, no commitment and more importantly no joy or true fulfillment. Find your 'Why' and everything changes for the better 😊