Across Ohio and around Columbus, tomorrow is Independence Day. In America, it is a time for backyard barbecues and the traditional fireworks displays. Freedom means a whole lot to us as Americans. In our respective organizations, it is a time out for us as we enjoy the day with family and friends.
As businesses here in Mid-Ohio and across Buckeye country focus on the second half of the year, what does it take for new and existing companies to be independent? Through the Carnegie Principles, we know that independence means success and profitability that is achieved through the energy and spirit of people. The people-side of the business is paramount to fiscal freedom and growth. Here are five steps to organizational independence when you start or grow a business in this economy:
- Hire the right people: It is critical that the company is filled with individuals who share the mission, vision, and purpose. Employees who are the best fit make the most success.
- Have a goal focused business plan: A “road map” is essential of independence. Open-ended questions like who, what when, where, how and why are answered collectively to sketch both short and long term opportunity. People, space, and even costs are integrated into a definable and changeable document.
- Employ a professional record keeper: Accounting and bookkeeping are critical for payables, receivables, payroll, and taxes.
- Utilize social media: The promotion of business through platforms like Twitter, Facebook, Google+, Pinterest and other sites will help with client acquisition and engagement. You can let the viral community know you exist and you can share what you do to large numbers of potential clients.
Although business independence comes with risk and planning, the biggest challenge for any organization, new or established, is to be the best at what your mission is every day. Freedom is a great feeling, whether you are an American or if you have a business.
We hope you had a safe and happy Fourth of July!
Photo Credit: comingholidays.com