How a principle builds and destroys a business?

Principles are the building blocks of success. They create attitudes; attitudes form skills; and skills make systems. In business sense, a business principle creates business attitude, that attitude establishes business skill, and that skill give birth to business systems. Thus, a principle or a belief is the mother of all attributes of a person. A good principle crafts a good businessman, and a good businessman does good business. So specifically, how does a principle build a business? Let us consider an entrepreneur whose belief in life is to preserve justice and equality among all people. His values and attitudes are based on that principle. He is just, responsible and accountable. With his responsibility and accountability, he doesn’t stop learning to become capable of managing his business well. With all his knowledge, he formulates and creates systems that are aligned to benefit all his business stakeholders (owner, investors, creditors, workers and customers). His systems in running his business protect the owner, investors and creditors. Those systems also compensate well his workers and guarantee the satisfaction of his customers. Consequently, his investors continue to invest, and his creditors continue to lend their money on him. Likewise, his employees become happy, motivated and productive. Read more

Pillars of business success

“Values and principles are great pillars in building business success. Don’t let these pillars standing elsewhere, idle and unstructured as a masterpiece of corporate edifice.”