The Five Elements of Business Success - Element Five: Function

This article is the fifth in a series that covers the essential elements of any successful business. The function element is described in this article. Function in a society are analyzed and implemented on four key components. These components are: the flow and the internal structure, rewards, discipline and teamwork, cash flow and resources. 1 Systems and the internal structure for a truly self-sufficient, should be able to function like a well oiled machine, without dependingto a specific person. This can be done, if it is sufficient to cover all aspects of effective systems for business functions. The real test of your internal systems, if your business could be operated with an average human being at every level. In other words, middle managers, the average selling price of people, on average, administrative staff, and so on. And 'much better to have a system capable of artists with desired levels of profit mean that a policy isRecruitment of the best in each area. Champions are hard to find and difficult to replace, but the average people you can find anywhere. If you have doubts about a system that operates at an average worker, then a moment to think of the success of companies like McDonald, who has built a business around a young, inexperienced staff after a well-formulated. Working for such systems need to be supported by adequate system of rewards. 2 Awards for the owners, employees, customers andEvery human element suppliers to be rewarded for their role in the economy. If the prizes selected and distributed effectively the loyalty that you have the whole line. Money alone is not rewarded enough for the owners and employees, and equally low prices are not rewarded enough for their customers. Employees and customers must obtain the services of your company, they receive from other companies. Basic sales training teaches us to sellour products and services around the client's benefit, rather than functions. But few companies its managers, employees and suppliers into account in relation to gain personal benefits from their relationships with industry. From time to time to ask "what emotional in it for them" can be a very profitable exercise. If you can create an environment in which to meet their officers, employees, suppliers and customers can create their own emotional needs in the process of meeting your company'sthen success will be a very profitable side effect. 3 Application and teamwork, the first point in this article described the importance of an effective business system. On the contrary, if the system has value only if it is pursued. It 'very easy for employees to ignore or follow a while to calm the waters, but the wings, when the pressure is up. What is your strategy to keep managers and employees to the system, especially when the heat is on? True synergyGroup work can not be achieved if every member of his team is on their role in the system. As you are reaching your business? 4 The cash flow and profit flow of resources is not important if the company does not operate long enough to pick it up. An army might be the best training, best equipped, motivated soldiers in the world, but if you do not have food, clothing and shelter will die before the fight at all. Similarly, a company canare the best people, best products, the largest plants, the strongest market, but if it dies on an adequate supply of essential resources and cash flow for a while 'before it will be an opportunity to make a profit, has . What strategies need to have your company cash flow and the flow of resources in the guarantee of hard times? Take a few minutes to read this article again and ask yourself how your business is based on each of these components.

This article is the fiftha series that covers the essential elements of any successful business. The function element is described in this article.

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