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Managing for Profit

Managing for Profit
Personal development plans can make all the difference to your employees’ motivation, happiness, and productivity at work. Here’s how to go about implementing them.
New communication technology has changed the world, and will continue doing so. Are you its master or its slave?
Do you as a manager trust your employees? Do they trust you? If not, you will struggle to maximise the potential of your business. Here are some practical tips on...
Who controls it? Who owns it? Who runs it? If you can’t answer these questions clearly, your family business could be headed for conflict.
Trust is a potent force for good. Break it, and you and your business could suffer severe consequences.
Discord and bickering among members set a family business up for failure. A well-managed family council may be the answer.
Ownership, directorship and management are three distinctly different roles. Be sure to remunerate fairly and correctly in each case.
The importance of a succession plan for a farming business cannot be underestimated, and must be prioritised.
Ignoring succession planning, especially in a family business, is highly irresponsible.
Energetic creativity is the difference between mediocre and great managers. But you have to work at it.
It’s your job to find unique ways of adding value to your products to drive up profits.
Take great care to associate with ethical people and avoid those who are not. In turn, provide your colleagues with an impeccable example of integrity.

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