The English dictionary defines business as “the activity of providing goods and services involving financial, commercial and industrial aspects”. My definition of business is slightly different and somewhat simpler: business is people serving people.
This creates loyal customers who enjoy regular return visits to your business and love spending money on your products and services. Through word of mouth and social media, these loyal customers become your brand ambassadors and encourage others to do the same, which ultimately generates the necessary income to deliver good financial returns over a sustained period of time.“People before profits” does not mean that people are more important than profits.
Too often, profitability depends on how much you can take out of the business rather than what you can put into it. The quest is to become “lean and mean”. This is an interesting description, especially when you look at the literal meanings of these words where lean is “skinny, scrawny or bony” and mean is “nasty, uncaring or malicious”.
A short-term profit obsession can lead to some fundamental blunders, particularly when restructuring is overdone, and the staff complement becomes so thin that the business can no longer effectively serve its customers. The infrastructure collapses and the culture of survival looms large.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PODCAST | Wits Plus aligns short courses with business needsSPONSORED | Apart from language courses through the language school witsplus also offers a wide range of business-focused short courses in various disciplines. Listen to the podcast.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
PODCAST | Wits Plus aligns short courses with business needsSPONSORED | witsplus Project management is increasingly used by professionals from almost all backgrounds and provides broad-based competency in a range of management skills. Listen to the podcast. witsplus I was introduced into his platform by a friend I met online Dennismayson9. I thought it was a scam company as well.... But I was moved to try once again with Dennismayson9 I just wanna share this with my people, it was a WIN and i am GREATFUL.🙏🙏🙏🙏 GRATITUDES. witsplus I know we all probably must have heard about Bitcoin but don't know how it works, I tried it in a week ago by a man who recommended me to leticia_thomas1 on Twitter she guides me through and i made a return of R15500 after a week of trading, connect with her witsplus I've learnt a lot from a mentor who were instrumentally in shape with me, and I want to share what I've learnt. Investing with you has changed my life Geoffreypreud
Source: TimesLIVE - 🏆 28. / 59 Read more »