To many entrepreneurs do not talk to their employees about PROFIT. They often feel one of two ways:
It’s no ones business but their own.
Their people wouldn’t understand it anyway.
Both are disastrous attitudes.
It is the employees business because without it they won’t have a job for long.
If they don’t understand what profit is then the boss must explain it to them!
Without a firm commitment to the profitability of the company people do not see it as part of their jobs and will see no relationship between the businesses profitability and their jobs. This causes waste and inefficiency.
Profit MUST be part of everyone’s job description!
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