It is the year 2014 and last year your business or portfolio has suffered. Profits or sales are down and there is no shopping at your business, store or online business.The questions are what went wrong and how can one turn around their business?What can a business owner do in this climate to restore their fortunes and turn a respectable profit?The answers to these questions are very simple, but many businesses or cooperation's ignore the basic needs or principles of running a business.Which are taking care of or providing good customer service to their clients and hiring, then retaining good employees.There is an old business saying which still applies even today.If the company has a quality workforce or happy employees then in the long or short term the business or sales from it will increase.The real key to long term success for any business or corporations is having a happy quality workforce and strong management team, that understands the needs of its employees.Once that's in place the company should thrive for as long as the customer has need for their goods or services.
The question is how or why have so many businesses crumbled or failed in this climate?The key reasons are lack of investment, poor management skills, lack of quality employees and micro management from the owners. If management allowed their employees to do their jobs and if the owners stay out of the way, then many would have very successful business.When out of touch owners or when power hungry or know it all managers get in the way business always suffer.This also produces poor morale in the work place and in the end the company looses a quality employee. There is an old saying that my late grandmother would use often,"If it isn't broken, don't fix it".Which means, if the company or business has a formula that works, there is no reason to change it. Turn good business into profits, then the company will have happy customers and good employees for the life of the company.
W.A.N.
The question is how or why have so many businesses crumbled or failed in this climate?The key reasons are lack of investment, poor management skills, lack of quality employees and micro management from the owners. If management allowed their employees to do their jobs and if the owners stay out of the way, then many would have very successful business.When out of touch owners or when power hungry or know it all managers get in the way business always suffer.This also produces poor morale in the work place and in the end the company looses a quality employee. There is an old saying that my late grandmother would use often,"If it isn't broken, don't fix it".Which means, if the company or business has a formula that works, there is no reason to change it. Turn good business into profits, then the company will have happy customers and good employees for the life of the company.
W.A.N.
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