Audio By Carbonatix
Now you have your big dream, you’ve started small and there is an urge to grow the business; expand capital and employ more hands, what do you do?
At the centre of it all should be the need to respect all people who come your way; your staff, your clients and stakeholders. According to him, people waste a lot of time talking about customer service but he believes if you respect people you naturally will provide good customer service.
What you do next is to set up structures and systems about how to deal with clients, core values of the company, laws and procedures in every aspect. So you set the systems up and they are documented and transparent to everybody.
Then you have to build capacity, invest in people and appoint the right people if you can afford to pay them; build capacity in infrastructure – the right office building, the right setting, get your staff to feel that you care for them. Indeed build capacity in everything including your health - exercise and make sure you have the strength to carry the business to where you want it.
Don’t waste money, he warns and argues that most people will take the company’s money and go sit on the front pews in churches for people to know that they’ve made it, or they will take money and go for funerals and go and sit in front and put all sorts of chains on their necks and let people see that they have come. They’ll try and buy big cars and big houses and all that. But this is money you can hold onto, to employ the right people, to put the right structures in place, to employ the best IT systems.
“Invest in the company, invest in the future of the company,” he stresses.
It is said in business that profit is for the owners of the company, which is clear because you transfer profits to shareholders fund or equity and things like that. “I think it should be renamed account for sustenance and growth because really profit is for sustaining the company and to grow it.”
“It has to really, because you can hit some bad patches and if by that time you don’t have reserve funds, the company can go through really bad times and perhaps collapse.”
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
At least 39 dead, 152 injured in high-speed train collision in southern Spain
4 minutes -
Video: Galamsey and the Bui Power Plant; illegal mining threatens dam’s future
5 minutes -
GNFS intensifies fire safety education and inspections across Greater Accra
8 minutes -
DRIP formalised nationwide to ensure efficiency and sustainability – Vanderpuye
9 minutes -
Mahama’s economic gains favour the rich, not ordinary Ghanaians – Dennis Miracles Aboagye
14 minutes -
WPL 2025/26: Ampem Darkoa Ladies stretch gap in Northern Zone after latest win
15 minutes -
Dr Godwin Djokoto calls for reorientation of public land ownership
15 minutes -
Blackstar Experience had no budget for 2025 – Rex Omar
20 minutes -
Coconut Grove Regency Hotel celebrates staff excellence at Annual Awards Dinner
21 minutes -
Coconut Grove Regency Hotel honours staff for dedication and professionalism
32 minutes -
NPP presidential aspirants to sign peace pact ahead of flagbearer race
37 minutes -
WPL 2025/26: Army Ladies, Jonina Ladies falter as Hasaacas Ladies beat Oak Ladies
37 minutes -
DRIP not only for rural roads; urban areas are major beneficiaries – Vanderpuye
39 minutes -
AFCON 2025: CAF condemns chaotic final scenes
40 minutes -
‘Europe won’t be blackmailed,’ Danish PM says in wake of Trump Greenland threats
45 minutes
