Business owners have always carried concerns and responsibilities that few can understand. But now the burden of managing money and people has increased in significant ways.
The impact of the pandemic, the unpredictability of the economy, and the uncertainty of our political environment have left no business unchanged. At the beginning of this new year, we thought it would be helpful to step back and ask again, “Why do I own a business?”
It takes money and people to own a business. That’s the reality. Take away one of those things and you have something else. That might sound oversimplified but everything in business comes back to money and people.
It takes money and people to create a product or service.
This may be obvious to you, but it applies to every business we’ve ever seen.
All of this takes money, and all of this involves people.
Money and people come with their own challenges and opportunities. They are an inseparable part of how you run your business. But that’s not the reason why you own your business. If your why is only money, you shortchange your people. And if your why is only people, you will inevitably lose money.
The real reason why you own a business must be a combination of the two. That’s what we’ll look at next.
At MLA we believe business is the foundation for much of what is good in the world. Businesses can increase growth, develop people and improve our lives.
But with people and growth come problems. These problems must be solved for any business to reach its potential.
We can help you rediscover your reason for owning a business. That’s what we mean by Business Redeemed.