Investments that Every Entrepreneur Should do Part 2
Author: Catharina M Jasmine
4. Invest in developing corporate vision. If your company has 100 employees, 15 employees and only 2 (you and your wife), also need to have a long-term vision. Why? because “he does not know where you want to reach, any road will take you.”
The vision and mission of a company must be printed in the heart of its directors and employees. Occasionally hires a good motivator to help your organization to keep the target clear goals and objectives of the business. Motivation is the fuel that makes human beings continue forward.
5. Invest in recognition. One of the major motivations of human beings is that our work is recognized. An employee who receives a token of appreciation for his work, probably work harder. Make a recognition culture in your organization by investing regularly (say every 2 or 3 months) in a program of recognition of the effort, values and excellent results.
This is especially important for the sales force, production personnel and in general for every employee that has to do with the scope of objectives.
6. Invest in your growth. A safe and healthy company is one that meets 2 criteria: their debts are minimal and in control and that their profits are maintained and reflect a percentage of monthly growth. But this requires also invest in both. Be sure to use a percentage of monthly income to pay debts as soon as possible and second, another percentage to reinvest in growth and development, whether machinery, equipment, infrastructure, etc.. It is said that the success of Japanese companies is their enormous capacity to reinvest the profits of the business to the point that barely receive a minimum wage for years until companies become corporate giants. (An interesting lesson to learn.)
7. Invest in social assistance. One of the noblest purposes of free enterprise is to contribute to a better society. This through to jobs, providing products, provide solutions and lend a hand to provide the basic needs of their community. There is a secret key or difficult to explain the fact of helping others, but the resulting effect I can sum up in one word: prosperity. To the extent that we schedule our endeavors to contribute to a better society, our businesses also improved.