Business Success Away
When you’re a business owner, your best lessons often come from two places: failure or wise words from owners who have been there. There are going to be inevitable ups and downs in every enterprise. Taking advice from executives who have already learned some lessons the hard way can help you avoid their mistakes and accelerate your success.
Read on for 15 pieces of the best advice our business owners have ever received.
1. Trust is Key to Any Relationship
I have come to appreciate how central trust is in any relationship. That trust is equal to one's reliability, plus credibility, plus intimacy divided by one's self-interest. The best advice I was ever given in this regard is that "No one cares how much you know as much as they want to know how much you care!"
2. Invest in Culture
Working with a large number of manufacturing companies, I saw many of them invest heavily in safety, quality, and productivity improvement initiatives. One of the best business leaders I have worked with is currently overseeing five manufacturing facilities. He told me that he had found that safety, quality, and productivity are all outcomes of the right culture. He showed me that improvements in all other areas become better exponentially when you focus on having the right people in the right seats. Even when it seems there is no time to work on culture, it can be the best time and money investment for your operation.
