Following an interview carried out on a person who owns a security guard office, some information was gathered in relation to business success. According to the business owner, the secret of business success lies in several factors. One of these factors is having a well-established plan for the business. This plan can be either a budget or a plan for marketing.
A budget helps one estimate the amount of income that he can generate in a given year and this helps in estimating the expenditure which has to be in proportion with the projected income. Marketing is one of the effective strategies to increase sales turnover. The owner observed that in the past year his business had had great success as a result of the marketing strategies he had laid down at the beginning of the year; one of them being an advertisement.
The other secret behind business success is having a vision that specifies clearly what one wants to do in the future. In order to accomplish this vision, one should have some mission statements that show what is currently being done; this will pave way for achieving the vision. Success does not come easily, one has to work hard and be optimistic that he is not going to fail and focus on the bright future ahead.
On being asked the most important quality of a business owner for the business to succeed, the security guard office owner said that one of the qualities is handwork. Another quality is that one has to have a good interpersonal relationship with others, this will help in knowing other people’s perspectives and one learns more about the business. He emphasized that one must be willing to seek advice from experts of the same business and this will help in gaining new techniques in solving problems.
There is no maximum number of hours that a business owner is supposed to work on a given day. A business owner has to be fully engaged in the business. For the security guard owner, he said that he works for about sixteen hours and over per day.
Employees are the most difficult people to manage in a business especially when they start to steal from the business. Employees can steal both business’s time and money and one has to be keen and harsh when dealing with them. They have different behaviors some are well behaved while others have intolerable behaviors and some may even use drugs. He advised that rules on ethical behaviors should be deployed in every business in order to have respect between the owner and employees. Another difficult part of dealing with employees is their tidiness. Most staff perform their duties just for the sake of it and are not really concerned about how they carry out their day-to-day activities.
The business owner’s advice was that two things are critical to the success of every business. First, you have to have a good plan for the money. It is easy to spend money than it is to generate. He advised that every business should have a budget that postulates well the projected income versus expenditure. If the expenditure is more than income, then the budget needs to be revised. The second critical thing – according to him – was that success and hard work go hand in hand. In order to be successful one has to pull up his socks and work hard.