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Wednesday, December 11, 2013

Getting the "small things" right to effect your bottom line.

Two quotes of the day:

“Wise are those who learn that the bottom line doesn’t always have to be their top priority.”
- William Arthur Ward

“Profit in business comes from repeat customers, customers that boast about your project or service, and that bring friends with them.”
- W. Edwards Deming

The bottom line for a company is obviously important, but it is also important not to forget the reason you started a business.  If you consistently get the core things “right”, and people catch on to the good things you’re doing as a company, the bottom line with take care of itself.

I strongly believe that building relationships in life is the best way to effect your “bottom line” in life.  I had a coach that once preached “In life you only need to worry about three things, and the rest will follow; Family, work, and dedication.” Do the best you can with family and work, and be dedicated to the commitments you make in life.  The rest will follow along on your coattails.

If you only see opportunities in hues of green, you are destined to stray away from the core mission of your company.  Have the guts to take chances that might cost the company in the short term, but the vision to foresee how that chance could effect the bottom line at a later point in the company’s history.

Plant a seed of a cherry. Grow your first fruits in 7-10 years.  Make a cherry pie.
Make another pie from the canned cherry pie filling from the supermarket.
Sell them both and see which one sells better and is appreciated by your customers…
Which will feel more gratifying for your employees who helped you along the way?
Which one would you like your name on?

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