Six Business-Building Principles That Never Fail

Shutterstock

As a CEO, I've looked to other business leaders for their best advice to help make my company successful. These six business-building principles I learned from Dennis "Donato" Agalli have helped me a great deal, and you can't go wrong implementing them in your own business.

1. Hire A Great Team

If you own a company, it can be tempting to try to do everything yourself so you know it's done the way you want. But you cannot do anything worthwhile all by yourself. Anyone who says they’ve done it all on their own with no one’s help is a liar.

Finding the right team is a major priority. Look for people who are hungry enough — people who will be partners, not employees. Their values need to align with your values. You need to know if your employees are there for a paycheck or for a greater cause. Find someone who sees the potential in your company and is not as concerned about making money right now. Align incentives, and make sure everyone's committed to the company's big vision so everyone has skin in the game. The team must hold each other accountable.

Ask your employees and partners these questions:

• What are you trying to achieve?

• What scares you?

• What happens if you fail?

• What drives you?

• What are your intentions?

2. Conduct Business With Honesty And Integrity

Honesty and integrity are the most important values when doing business. You should never be comfortable doing dirty business. Always do the right thing; doing right in business always brings strong, good energy your way. Doing right can also be translated as doing good for your workers. Do something good for your workers, and you're doing something good for your business. When you do good and make money, it equals pure satisfaction — real fulfillment.

3. Treat Everyone With Respect, And Give Back To Your Employees

Treat everyone with respect, from the lowest to the highest worker. Never shut someone down. Manage your ego, keep an open mind, always be open to feedback and questions, and don’t be a know-it-all. It is a great thing that your employees care enough to want to better the business.

However, there's a fine line between ownership and being open to feedback. Sometimes your workers might not be able to see the big picture and why you are making the decisions you are making.

Remember that mistakes are okay. Be solution-oriented; don’t be excuse-oriented. Forget how the mistake happened for the moment and concentrate on fixing the problem.

It should never feel good to fire people. If any boss feels good firing someone, they are not a good boss.

4. Create A Motivated Work Culture

Your reputation is so important. Having a good reputation will get you far, so don’t be a narcissist. Have patience with your people, and don't make them feel like they’re wrong.

Do good for people, and conduct business ethically. It will come back to you tenfold and create a motivated work culture.

It's important that everyone buy into the company's vision. There needs to be good energy in the business — energy that makes people excited to wake up and work.

5. Foster A Sense of Loyalty

Work together. Everyone has a role, and everyone is important. Trust is essential; when things get difficult, you need to have each other’s backs.

6. Work Hard

Be action-oriented and solution-oriented: Execute, learn, modify, repeat. Be decisive, and control your environment — do not be controlled by it.

Adapt these principles to every scenario, and do not stray from them. If you look around, you will find these principles within any business whose success you admire.

Let's block ads! (Why?)

Read again Six Business-Building Principles That Never Fail : https://ift.tt/2MHZ4h1

Let's block ads! (Why?)

Bagikan Berita Ini