The biggest mistake why small scale businesses / Companies fails to grow particularly in Africa is that many operate unprofessionally. The owner of the company makes everything personal. If you see this in your business, know that you are far from growth.
1). When you don’t pay your employees on time.
2). When you as the owner fires and hire, while your HR is there.
3). When all your family members automatically become bosses to the employees.
4). When you take employees to homestead to do other jobs separately from their job description.
5). When you interfere with your employees’ personal life affairs.
6). When you don’t respect rules of your own organization.
7). When everything is centered on you and other employees don’t have a chance to exercise their, decisions, opinions and thoughts.
8). When all payments are done by you alone.
9).When you harass your employees and disrespect them.
Most individuals who own companies lacks wisdom to know how to operate professionally. This can simply contribute to downfall of the company.
My employees don’t feel my presence all over the organization. I even have some of my employees whom I don’t know by name, some I haven’t even met.
This how a business owner should treat his employees in order for them to help grow the business.
This is my definition of profit, is a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
“Record pre-tax profits”
Today I want to talk about running capital. For every business to be successful, there is running capital that is involved in day to day running of the business. This capital is not profit. Some time it comes inform of advance payments.
- Things To Consider When Setting Up A Company In Australia
- How To Maintain Good Profit In Your Business
- Why It’s Important To Understand Your Profit Margin In Business
Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.