For many entrepreneurs, success is measured by profitability and achieved by increasing revenue and decreasing expenses. But just focusing on those desired outcomes is a mistake that will yield little change to the bottom line. The reason being is profitability can’t be forced. You can’t just wave a magic wand and expect revenues to spike, customers to jump on board and costs to be cut. Instead, profitably is a byproduct of having a committed and accountable team.
Many managers create monthly and quarterly revenue goals and work backwards using scare tactics to get the team on board. Don’t be that person. Instead, establish trust and transparency with the team. Employee engagement and accountability will naturally emerge when your people feel heard and seen, encouraged and supported.
Make the below fundamental values within your organization and profit goals can then be easily and much more naturally achieved.Featured Posts, Updates and tagged featured, Leadership, Management. Bookmark the permalink.