Your brand represents how you want the world to see you, and it s also how the world does see you. What you GET is a RESULT of what you GIVE! This reliance on good people instead of good company procedures and systems caused lots of field problems, unpredictable quality, late projects, unhappy customers, and lost profits. What systems do you have in place to ensure that everyone does things per company guidelines and standards?

Is Sourcing the main function of your business?

Production employees, for example, know how to handle materials, assemble products, test performance, and troubleshoot very specific problems. It has now been almost wholly superseded by the so-called productivity theory, which asserts that wages depend upon the productivity of labor; that the laborer gets what he produces, and that this share is assured him by the working out of the competitive process under free competition. Most stressed-out business owners want to make changes, but most never figure out how to let go of the reins. The definition of an entrepreneur is one who 'assumes the risk' in a business in expectation of earning a profit.

An Authoratitive Guide to Finance

They often say their people continually complain about money. Sometimes that might mean thinking a bit creatively. Invite them to ball games or hunting trips with you. Make people a top priority.

I try not to make any decisions that I'm not excited about

Many large dealers fail because they keep departments where the expenses are more than the profits. You can use a password-protected website to post your plan and then simply give people the web address and the password. Do not cross your employer in any way. They take what comes in the door and compete against too many cheap competitors who don't know how to make a profit.

A poor approach to Quality

What do you do to stand out from the crowd and make customers only want to use your company? You could make no greater mistake than to rent a shabby place on a back street. Economic recessions can also cut both ways. Your brand should differentiate you from other players in your field your competitors and it will also determine who your buyers will be.

Asking for too much money for Strategy

You may also look for independent contractors for key positions. But the good news is that recessions serve as sort-out time (that is, they sort out the weak businesses from the strong ones and allow the strong ones to survive and grow). A priority of every business owner should be to grow the net worth of his or her company. The goal and purpose of all economic activities is the satisfaction of human wants.