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I have a friend who runs a large franchise operation. She made this observation one day: "Business is simple-take care of your customers, take care of your people, count your money." Her perspective parallels my own basic explanation of business: "The customer's got the money. We've got the stuff. We want to get rid of our stuff and get their money." If these viewpoints are too simplistic for you, stop and ask yourself why you are making business any more complicated. The bottom line in any operation is the people-the customers on the buying end and the employees on the selling end. In my three decades of being in business, I have seen many companies build palaces for themselves, only to board up the windows later because they forgot that their people are the most essential asset, not the building. Historically, businesses have focused on profit. The P&L statement becomes their bible for making decisions. Concern over profit is followed by concern for product, and last (if any time or money is left over), some effort is directed toward the development of people. That model of "profit-product-people" is obsolete in today's fast-changing world. Competitive businesses are focusing on maximizing the personal performance of their people first, then their product. Once the people and product are in place, the profit will be there. So how do you get your people in place? Employees grow when they are respected as human beings, when they feel that they MATTER. They also grow through life-long learning. Businesses need to upgrade their employees' skills constantly. Statistics show that by the year 2000, one-third of the work force in this country will not have the skills that match up with the demands of the available jobs. Businesses can't have the attitude that development of their people has a beginning and an end. Upgrading and retraining are a process-an ongoing process. Businesses that commit to continuous development of their people have a vested interest in retraining their people. Personnel retention will become more and more critical with the "graying of America." The labor pool coming after the 1946-1964 baby boomers is considerably smaller-40% smaller. That generation will have their pick of jobs and businesses will need to go out of their way to attract and retain the best and brightest workers. Higher retention rates are possible when businesses offer people what they want in their jobs:
I believe that people also want to laugh at work. I know of one company that takes "humor breaks" every afternoon to tell jokes to each other. Laughing together builds teamwork and reduces stress. We spend so much of our time at work, why not enjoy it? (By the way, if you don't like employment, try unemployment!) Maximizing personal performance starts with your people. Treat them right and the result will be higher quality products and services, improved productivity, and increased profitability.
Michael McKinley, CSP, CPAE, is a professional speaker who builds and delivers customized presentations on business topics for corporations and professional associations. ©Copyright Michael McKinley - All Rights Reserved.
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