Wed 28 Jul 2010
How’s Your Business Traction? Part 3
Posted by Larry Tyler under Business Loan Assistance
[4] Comments
What really makes the economy and world function is people and love. Since everything starts and ends with someone in a business transaction (an exchange), what are you doing to enhance, develop or romance those relationships? I see profits or money as the fruit of working with and developing relationships. Many in business have the exact opposite view- they are forsaking relationships and work to achieve profits at all costs. Money is leveraged in order to achieve growth and profits. I say relationships and love come first; leverage relationships in order to grow and produce profits.
Colleen Barrett, former president of Southwest Airlines, blazed a trail in developing a culture at Southwest that promoted validating the very best in every employee. She celebrated the Southwest family and the many achievements of its employees. A champion at valuing and empowering the employee, her leadership philosophy was grounded in giving employees the authority to make decisions. “The people on the front lines are the ones who face the challenges every day. They are in the best position to come up with solutions,” Barrett declared. In her estimation, it was “rare” for an employee to let her (or the company) down because “when they realize the success of the company is tied to their own personal success, that we’re all in this together, everybody wins.”
Do you empower your employees, coworkers and other associates? Is there a spirit of celebration that comes from your heart when others accomplish company or office goals? When is the last time you celebrated someone’s special achievement in your organization? If you as the owner, CEO, supervisor or department head don’t, who will? The loyalty and good will that such celebration builds into an employee is huge and often underestimated. When people are validated for who they are, what they achieve and for their significance they become fiercely loyal. We all have a need to be valued and respected. Boiled down to its core, it is the need to be cherished and loved.
Embrace a new way of doing business: love someone! Appreciate those in your employ and workplace. Tell your employees customers, and all your stakeholders why you value them. Celebrate someone’s accomplishment. Show some leadership: get a $10 cake and have a 10-minute surprise party for an employee or coworker who has just reached a milestone or done something special in the office. “We don’t do that in our company,” you say? Why not? Start now! Your small investment in validating (loving) those in your work-world may be just the traction your company needs. Give others the freedom to reach beyond themselves. Cultivate a festive atmosphere! Come on…work hard, have fun and encourage the human spirit all around you! If you will, you and your company may gain the traction to climb higher and further than ever before.
Economics can be defined as the science and study of the production, distribution and consumption of goods and services. In reality it is the flow of money, or the cycle of money through a business. At this time rather than concentrating on the economy and all the negative effects on money and sales, I suggest focusing on relationship economics. I define it as the flow of love throughout your business as it relates to all your stakeholders. My hope is for you and all your team members to make an emotional investment by romancing each and every employee, customer, prospect, supplier, person who calls or drops into your location. Treat them as if each day is Valentine’s Day and the other person is the most important person in your life. I believe by transacting business in this way great things will happen in your business such as: heightened productivity, greater efficiency, increased sales, greater understanding, improved morale, less stress, less absenteeism, less sickness and more joy and cooperation in the workplace. Your business will create greater value causing sales to soar.
Recall the Fram Oil Filter TV commercial of the 70s? Its theme was, “pay me now or pay me later.” In other words, an ounce of romance can produce a pound of rewards.
To complete the story about Shackleton and his crew – he and his crew reached the settlement, as their slide down the mountain in the dark led them to safety and not death. In addition to this 1914 trip, in 1908 Shackleton was the first explorer to come within 100 miles of the South Pole, but failed in his quest to reach the Pole. The 1914 mission actually became five historic survival stories, just as harrowing as the one mentioned above and with each involving heroism of the highest degree possible and each a success against all odds. The fact that Shackleton never lost one man, on either of his trips to the South Pole makes his story truly incredible. One of the reasons Shackleton failed to reach the Pole is that relationships were more important to him than achievement, colleagues more important than conquests and campaigns. Success of the mission and personal honors were secondary to the value of his relationship to his crew.
What really can help give your business traction? It is people and LOVE. There’s an old song from the early 80s by a group called the Motels titled, “Take the L out of Lover and its OVER”. This song title is absolutely true about your business. Without being or playing the lover in all your business relationships it just might be OVER!