How Businesses can Survive Hostile Political Economic Conditions

How Businesses Can Survive Hostile Political Economic Conditions

The government is hostile to private business. That means we must become even more efficient.

Most politicians have never worked in the private sector. They have never created a product or service and sold it on the open market. They have always had the luxury of being paid from taxpayer funds. They don't have to win customers. They simply get paid for turning up.

Politicians who spend their lives in this way have no understanding of what it takes to run a business. They don't understand the skills needed to employ people, make profits, reinvest, and reward those who risk their time and money to keep the venture alive. Yet these same politicians are openly hostile to profit. They rely on it so they can seize it in taxes, while attacking the very people who generate it.

The result is obvious. Business owners are leaving the country. Productivity is collapsing. Growth has almost disappeared. Living standards are falling. And the government's answer is always more tax, which makes the problem worse.

We must accept the conditions we face. For the time being, we are working in a hostile climate. So what do we do? The answer is to become more efficient than ever.

To succeed in this environment, business owners and managers must master essential skills:

• Clear purpose: We must know exactly why we exist, which is to bring value to the marketplace and satisfy customers.
• Product quality and pricing: We must create products and services of real value and offer them at reasonable prices.
• Communication: We must be excellent communicators. Marketing and sales ensure customers know who we are and why they should buy from us.
• Planning and organisation: We must plan carefully and organise our limited resources to produce maximum value in minimum time and cost.
• Teamwork and cooperation: We must build strong internal relationships based on mutual respect and trust. Cooperation always outperforms conflict.
• Leadership with emotional intelligence: The days of Sergeant Major managers are gone. Modern leaders inspire confidence, understand people, and bring out their best.
• Consistency and discipline: Success is not based on talent alone but on learned techniques applied with consistent effort.

These skills are not inborn. They are learned. There are only two ways to learn: by painful trial and error, or by studying correct principles. The second way is faster, cheaper, and more reliable. Training provides the knowledge and techniques that raise productivity, strengthen confidence, and deliver better results.

Whoever is best trained and best prepared will always outperform those who are not. That is why training is essential-to sharpen skills, raise efficiency, and secure the best results possible.

Definition: business efficiency

Business efficiency is the measure of how well a firm turns resources into value. It exists only when the firm produces more worth than it consumes, cuts waste and idle time, keeps quality high, and relies on clear processes and skilled people.

Article Summary

When politics turns against profit, the winning firms cut waste, sharpen skills and train their people until efficiency rises faster than taxes; in a hostile business environment, preparation, discipline and learning become the safest form of protest.

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About the Author: Chris Farmer

Chris Farmer is the founder of the Corporate Coach Group and has many years' experience in training leaders and managers, in both the public and private sectors, to achieve their organisational goals, especially during tough economic times. He is also well aware of the disciplines and problems associated with running a business.

Over the years, Chris has designed and delivered thousands of training programmes and has coached and motivated many management teams, groups and individuals. His training programmes are both structured and clear, designed to help delegates organise their thinking and, wherever necessary, to improve their techniques and skills.

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