Effects Of Losing Money
Have you ever lost something that you've been working so hard for
? I remember a few years ago when I needed to sell my car, just to pay some of my important bills like credit cards, mortgages, and bank loans.
A business without people cannot prosper, but then again, you're not just looking for a group of them. You should make sure, too, that they are the right ones. This means that their educational background, experience, and passion are the ones you're looking for to fulfill a particular job. Employees who don't and can't function well are a huge liability to the company. Their salaries drain your business of investment and profit, and yet they cannot contribute greatly to the growth and development of your business.
Of course, worth mentioning too, is the wrongful analysis of businesspeople when it comes to their
ventures. Some don't even know that they are already becoming victims of scams, whilst others go on without even thinking if the business is feasible in the first place.
I made the error in the recruitment business by appointing the wrong man to manage I should have had better sense, but I didn't. I thought in those days that anyone could manage a business, and the guy that I bought in, my nephew had been a partner in another recruitment company, but being a partner and running it were two different roles, he was so proud to be put in a position of great respect to the general public, but had no brains when it came to being able to multitask, so much so on a visit to Manila, Philippines I found the staff all reading newspapers with their feet up in the office, such a disappointment, and all to appointing the wrong man in the post, a guy who was just interested in drawing his salary...
In the Philippines you have a workforce focused on customer service, ready to work very hard, but leadership is wanting, and that's why successful businesses are mainly run by Chinese Filipinos.
James Pitt, head of operation of a virtual company is doing a marvelous job in team building in their call center in Davao, installing an ethos and values based on staff being courageous, engaging and demonstrating excellence, on an investing in people standard.
James draws his strength from his university days at Cambridge, and experience in investment banking in the City of London, and my earlier failures will not be repeated with such a reputable business partner.
by: Lawrence Perry
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