Profits is the motivating and compelling factor which makes entrepreneurs stake resources into any preplanned project. Quality output is a very strong determinant of total sales. This is so because we are in the era of wide and varied choice for consumers, a firm that records high sales is that which its output quality is good.
On the other hand, what makes an enterprise earn profit and have continuity is the effectiveness of labour input. No matter how automated the production machinery of a factory may be, humans are still needed to operate it, maintain breakdown,etc. Getting the correct calibre of employees hinges on the company policy. Where none exist, potential employees academic qualification is vital,experience, ability, intelligence and acceptability are among universal conditions required of employees.
Therefore , the easiest way a company can keep earning profit is to ensure the recruitment of those that meet the requirement without compromising.
The right personnel is one of the greatest asset organisation can flaunt. Irrespective of size, communication flow within an enterprise should be encouraged, whether vertical or horizontal. While more of strategic plans remain issue of the management, operational plans should be prepared with the contributions of key employees. Bosses should not assume or suppose that employees know of certain information and refuse to communicate. A setting where information is hoarded is detrimental, it leads to friction, obstruction, poor output both in quality and quantity.
Whether you operate a one man business entrepreneur, but have employees or you are into partnership, the relationship between all parties involved should be cordial. Everyone needs to exercise maturity and sincerity to know, respect and abide by the tacit bounds pertaining to work place relationship. Informal issues and conduct must be divorced from whatever the parties recognise to be formal. While the overall objectives of the organisation remains the central focus, output quality is certain to be high. Employ good hands and relate with them.
