People are social creatures, and they need connection in order to thrive. This need for connection has only become more critical in today’s connected world. That is why businesses that focus on fostering community as a way of strengthening connections with their clients and customers will always have an edge over their competitors.
This blog post is written based on an Anatoliy Labinskiy podcast episode with Los Hustle.
The Importance of Community: Your Business Competitive Advantage
As a business owner, your responsibilities are endless. You need to deal with customers, vendors, employees, and keep your company profitable. You need to be knowledgeable in various spheres from hiring and training employees and establishing company culture to running advertising campaigns.
It’s important for you to fully understand the ins and outs of running a business as an entrepreneur. You’ll need to balance the demands of your job with the needs of your family and friends so that you don’t feel isolated and stressed all the time. Here’s a look at some key responsibilities of an owner of any type of business.
This blog post is written based on an Anatoliy Labinskiy podcast episode with Tom Shipley.
There’s a huge correlation between a company’s corporate culture and its business results. And if you have a negative culture in your business, it’s going to negatively affect your results. Whether it’s the small things like when someone makes a snarky comment to someone else that they didn’t mean to come across as critical, the tone was clearly offensive.
A company’s culture is more than just having good employees and managers; it’s the way that they all work together towards common goals, how they handle problems, how they celebrate success, etc. If there are any cracks in your corporate culture and people aren’t coming together as one team, then it will show in how your business performs — it will be reflected in your financials every quarter.
This blog post is written based on an Anatoliy Labinskiy podcast episode with Robert J Miller.
