Do you want your small business to be successful? Do you want to be the best in your industry and be a place where people want to work? Do you want to be “that” business that everyone is talking about, choosing to work with and sets the standards for all other businesses?
If you answered yes to all of those then what you need to truly make these dreams come true is to have a Passion & Provision company.
What is a Passion & Provision company?
A small business that provides Passion & Provision is one that is profitable and growing. It has a culture that is engaging and its leaders motivate the people who work there so that they can do the best they can and actually enjoy what they are doing.
Having a business where your employees feel happy and safe isn’t a bunch of fluff. It’s rooted in science; it’s rooted in the brain and if you want to give yourself a killer edge you NEED to pay attention to that. Shawn Achor, author of The Happiness Advantage illustrates very well that the research behind people being/having a deep sense of happiness, not a shallow sense, comes from knowing what you’re doing, why it matters and having a sense of pleasure while you’re doing it. This kind of engagement directly correlates to employees being more effective and saving you money.
Shawn Achor: The Happy Secret to Better Work
The key to having a successful small business is having both aspects of a Passion & Provision company. There are companies that are successful who only have one aspect, but statistically the failure rate for those businesses is high because there are gaps in their business models. When both aspects, passion and provision, are brought together, the gaps are filled and synergy is created. Success then follows.
Need some evidence? No problem
If you truly want a successful small business you have to pay attention to the systems and procedures in all areas of the business. The evidence is clear. This means paying attention to the human element, making the company an engaging place to work where people feel safe and like it, but also paying attention to the business methods that will create success.
Employees who are in the state of loving their job and feeling a sense of worth and security from management are way more productive and creative. They are better team players, helping you lead and have a more successful small business.
A 10-year study of 200,000 people found that companies with higher engaged and happy employees produce way more revenue, creative ideas, and success. (The Carrot Principle)
You need to have a way of paying attention to the rest of the company. There needs to be systematic methods. One thing Half a Bubble Out can do to help Passion & Provision companies grow is to develop an assessment so that you can quickly see what’s going on and then build a plan to fix it. This is the first step to starting your journey as the successful small business every entrepreneur dreams his or her business will be. If you truly want that edge, what are you waiting for?
In your opinion, what makes a small business successful?
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