The Importance of Hands-On Ownership in Business

  • 📰 TheManilaTimes
  • ⏱ Reading Time:
  • 76 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 51%
  • Publisher: 92%

Business News

BUSINESS OWNERSHIP,OPERATIONS MANAGEMENT,CUSTOMER SERVICE

This article emphasizes the value of business owners actively engaging in their daily operations, citing examples of both successful and struggling businesses. The author argues that firsthand experience is crucial for ensuring smooth operations, identifying potential issues, and maintaining high service standards.

As entrepreneurs, we often rely on our managers for the day-to-day operations of our businesses. While delegating is essential, there's still an irreplaceable value in experiencing your business firsthand.I urge business owners to take the time to personally visit their establishments once in a while to ensure that operations are running smoothly. After all, your eyes are one of the best tools to assess what's really happening on the ground.

It's also another way to check whether your business is doing well and whether you've hired the right managers to take care of your business.Last week, I visited a well-known membership-only retail warehouse club. I was shocked to observe a significant decline in operational efficiency. Half of the registers were closed. The cashiers seemed untrained, taking longer than necessary to scan items — so much so that we had to assist them with counting. The inefficiencies led to an unexpectedly long wait of over 45 minutes despite having only one cart in front.Although the business appeared to be thriving, it seemed as if the owners had already distanced themselves from day-to-day operations, leaving professional management to manage the company — a common fate when owners become more inclined to outside interests like golf, travel and leisure. Without real oversight, the performance of professional managers will eventually fall short.In contrast, businesses with hands-on, more involved owners run smoother. For instance, we had a wonderful experience at a samgyeopsal restaurant in Tomas Morato for our Christmas party. The staff was attentive, responsive and genuinely cheerful despite the large volume of work. Their eagerness to serve us created a memorable dining experience. While the food and price were excellent, their service stood out. That level of service didn't happen by accident — it's the result of strong leadership and a business that is well-managed from top to botto

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines