Competition is a big part of business, but overshadows a lot of other key components to a successful business. There are many working factors into running a successful profitable business, such as employees. Finding the middle ground between what you can offer, and what your employees want is important. Also, be mindful of what you are doing to improve business, and improve day to day. Implement diversity in your business to bring different ideas and viewpoints. Lastly, see your employees for who they are and not just numbers/profits.
- A survey by Oxford Economics showed that there’s a big disconnect when it comes to businesses providing what workers are looking for
- setting your targets based on what’s logistically reasonable given your unique circumstances. Slow, incremental growth typically means that you’re handling fundamentals well and thinking strategically
- The minute you care about the data or reaching quota more than the relationships you have with workers or customers, you’re toast.
“Compete. Competition. Competitor. No modern board room would be complete without those words on the table, driving home the necessity of being able to pummel other businesses into market dust.”