Many of the biggest names in the business management world say that you should manage your business like you manage your life. This leaves a lot of people in confusion where today's world is so focused on money rather than quality or worker satisfaction. Managing your business like you manage your life could be one of the biggest things you do for your business and here is why.
For starters, you can view a business a lot like a life. It is a living and growing thing that relies on a variety of parts (employees) in order to function. It is controlled by one thing (the brain) but it also works based off of the input that the parts give it (employees). You are also always growing and learning in life, your business does the same. The longer you are in business the more your company grows and the more you learn. In this way alone, it would make sense to manage your life like a business.
Business Is About More Than Profit
It may be hard to believe in today's world but business is about more than profit. It is also about quality. You want to make sure that you are delivering quality products. One of the best ways to do this is to manage your business like your life, because in your day to day life you would never accept anything less than the best quality. You don't go to the store thinking, I want the worst quality items they have to sell.
People Who Are Treated Better Work Better
One of the biggest facts that you can take from your personal life is that you like to be treated well. If you are treated well, then you will often find yourself not being as productive as possible. Take this lesson from your personal life and apply it to your business life in order to be more successful. Happy workers create quality products and spread the word about your company.
An upset worker is far more likely to spread negative information about your company. They will place reviews on Glassdoor, social media websites, and other places on the internet that will be picked up on by recruiters, your competition, and your future workforce. By treating your workers well, you are preventing this from happening, plus it is the right thing to do.
You Don't See The Whole Picture
If you don't manage your business as if it were part of your life you are likely to lose track of what each department is doing individually. You are more likely to only view the business as a whole. This is because your life sets the example that every person is different and they have their own input. You will find that many cultures have turned businesses into hive mentalities where everyone is encouraged to jump on the bandwagon. This is harmful to the actual productivity of your business. Without individuality and creativity, your business will never be able to move anywhere. It will be stuck without any inspiration to move forward.
Your Business Is Part Of Your Life
When you work for a business it is hard to prevent it from being part of your life when you aren't at work. When you own and/or run a business it is impossible for it to not become a part of your life. As such, if you miss treat your business in any way or don't run it properly you will start to notice that your business not doing as well. What you don't think about ahead of time is that that will also make your life start to suffer.
For all of these reasons you should run your business like you run your life, in a positive and attentive manner. There are many different strategies for running a business, especially in today's fast-paced world. You will find though that none of them will show the amount of return and positivity that managing your business like your life does.