Tuesday, May 10, 2011
The Golden Rule works in business as well as in life.
Do unto others as you would have them do unto you.
During the Recession, did you lay anyone off?
You may have been forced to.
You were protecting the jobs of everyone else.
You cut your own pay before you cut theirs.
You paid a greater price with their interests in mind.
You kept everyone on the payroll as long as you could.
When your employees know this, they respect you.
They will work that much harder to take up the slack.
But here is the paradox in this.
If they suspect you of base motives, they won’t respect you.
If you’re doing this only to get more out of them, watch out.
They will sense it. It will destroy your credibility.
The same is true with customers, clients and patients.
Operate in their best interest and they will trust you.
Operate in your interest only and you will lose their trust.
This does not mean you should not take care of business.
A healthy bottom line protects everyone’s job.
Profitable business owners can afford to be independent.
They can afford to do the right things. And they should.
Tell me what you did to weather the Recession.
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