What is more important: a strong vision for the company, dedicated workers, or a huge budget? Originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better understand the world.
In my opinion dedicated workers are the most important aspect of any business. Even if you have a large budget, if you don’t use it to acquire skills, you are unlikely to succeed or run a profitable business. Your vision can be as strong as you want it to be but if you don’t have a workforce who believes in your vision and follow it through, your vision will be ineffective. Without a workforce who believe in your mission and vision you are unlikely to see it through. In order to make your vision work for you, a dedicated workforce is essential to display and follow your vision. If you apply your budget appropriately by paying well for skilled workers, you will have excellent results. Happy, dedicated employees are essential in the workplace. Your competitors should be unable to poach your dedicated, skilled workers because your vision and budget is used for staff retention. “Putting the employee first, the customer effectively comes first by default and in the end, the shareholder comes first by default as well” Richard Branson.
If you have a large budget and you waste it on marketing and advertising without having the workforce to produce your end product that you intend marketing, your budget will be wasted. Instead of focusing on promotions and advertising without having the end product ready, anything else will be wastage. In order for you to produce an excellent product, you need dedicated, committed abd highly skilled employees to give your business the edge over your competitors. Competition is tough and the only difference between you and your competitors are the quality of staff who produces the final product. You don’t want to be penny wise and pound foolish. By this I mean if you spend less money on Human Resources but have a strong vision and a huge budget, your vision may not become a reality. Spend money on higher salaries and benefits. Happy staff make flourishing businesses.
“Success doesn’t sneak up on us. It starts with a dream that we combine with a clear plan of action” A clear action is to have a team ready to turn your vision into a mission. You need to have trustworthy, reliable and accountable employees who can assist you in realizing your dream.