How to Run a Successful Business

“There are two core elements that still come in. Do you remember the boxes I spoke about in Session 10 (How to Create Structure in Your Business)? The fourth box is compliance, legalities, and HR. So, what you want to do is look at that box now.

Look at the business culture and look at the HR of the company. That’s ultimately going to help you to run the business and manage your employees with order and control.“

“There are five principles that I would advise all my clients to implement in their business culture.

Firstly, and this should be obvious in South Africa, no corruption. You should have a zero-corruption policy – no bribes under the table.

The second one is efficiency. You want to make sure that everything in your business runs efficiently. You want to make sure that your staff members are running efficiently in their work, and that everything runs efficiently within your operation systems.

The third principle is the principle of empathy, respect and treating people fairly. No matter who they are or where they are from, you want to treat everyone who come into your business fairly and with respect.

The fourth one is to keep your word. If you say something, then own up to it. You can’t get out of that, because your employees are watching your words and actions very closely.

The last one is to honour your creditors. When you owe someone money, pay your debts.

These are basically the five simple principles to keep an ethical business culture.“