The Business Gym

“A customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so.”

Does this look familiar to anyone?

There is one of two approaches business owners take when going into business for themselves. The first one is "I want to generate an income." This leads mostly to them employing themselves. The second approach is "I want to build an asset." This always leads to a point where you get to work on your business...not in it. The first option means your business will always rely on you. If you are absent so is your income. The second option means your business becomes self-reliant, so you are free while you earn. And the bonus is you have something valuable to sell one day. Which business are you in?

https://www.youtube.com/watch?v=TXDKo6zT6U8

Six Critical Questions Pat reviews The Six Critical Questions and discusses how a leadership team can become completely aligned to provide their employees the clarity they need to ...

Is it safe to invest in property now or should I sell my house while I can? - http://eepurl.com/duJTYT

6 KEY SHIFTS TOWARDS COLLABORATION:

In the past companies operated on the basis of ‘competition’. But business has now shifted categorically towards ‘collaboration’. Business is no longer only about survival of the company, but rather about survival of the business community as a whole. The key to transitioning from a “me” culture to a “we” culture lies in how you look at each other and your company’s purpose. Here are six concepts every collaborative company understands:

1. Everyone has something valuable to offer, not just in your business, but also around your business.
2. Skills can be leveraged from anywhere. Collaboration keeps costs down.
3. Diverse thinking fosters innovation. Thinking competitively is introverted thinking, but thinking collaboratively is extroverted thinking (‘out the box’ as the old cliché goes)
4. Redundancy kills productivity. Redundancy is caused by autocratic procedure. Collaboration gives your staff and suppliers purpose.
5. Everyone buys into the same goal, and everyone is working towards the same end.
6. There’s no “I” in “TEAM.”

You are welcome to add some further concepts, benefits and real life examples :)

Sometimes I get a little distracted when working out a strategy