| Thinking Big From Day 1
This article was written by Marilyn H. West, Chairman of M. H. West & Co., Inc. for
NAWBO (Richmond) and published in Inside Business, a
supplementary publication of the Richmond Times Dispatch.
Since its inception in February 1, 1991, I have viewed every day in the business life
of M. H. West & Co., Inc., as an opportunity to grow and to perform better than the
day before. I entered the marketplace with an attitude that "the sky is the
limit" and that the return on thinking strategically and innovatively and investing
time, energy, enthusiasm and hard work would bring long term success. Well... it's
working, but I have learned that business growth is not always rapid, and that it can take
you in directions that are not always anticipated even when you have sound business and
strategic plans.
Whether a new business or expanding business, there are practices that I believe you
must embrace in order to experience any progress. Some of these are:
- Believing that your service or product will make a difference in the life of
your customer;
- Standing behind your service and being prepared to upgrade or reinvent it to
meet customer expectation;
- Providing exemplary customer service as a cornerstone of your company's
business;
- Surrounding yourself with a support group or developing a mentor relationship
with a successful company (majority or another small one);
- Knowing and understanding your strengths and weaknesses;
- Recognizing that you have competition and finding ways to distinguish yourself;
- Conducting business with integrity and honesty and standing on other values such
as being ethical and celebrating diversity;
- Obtaining and managing resources required to transact business including
capital, equipment and employees.
- Forming a network of resources that can be called upon and used to respond to
opportunities and challenges faced;
- Remaining open to new ways and approaches for transacting business;
- Communicating, communicating and communicating;
- Managing time and stress; and
- Swallowing pride, laughing and learning from mistakes.
The biggest difference in transitioning from a small to larger business lies in the
number of employees used to support the business. Moreover, having employees changes
the way you conduct business forever. There must be a willingness to grow
the company by growing the employees.
You build upon the specialization and diversity in their knowledge, experience and
competencies to create new vision, products and services and hopefully a favorable bottom
line. This gain represents a large return on the investment made in individuals.
Employees need nurturing and nourishment and it involves a process.
Coaching employees and helping them to work as a team are necessary.
Helping employees to understand the relationship between their performance and customer
satisfaction merits as much time as you can afford to give or to "pay for."
Finding approaches to create a culture and physical environment that
empowers employees and promotes employee comfort, learning and job satisfaction are
critical to realize the benefits from recruitment efforts. Another
important action that must be taken is to develop policies and procedures. These
underlie the support you need from employees and they need from you to promote employee
performance and development. As important as developing policies, is to apply
policies equitably. Providing opportunities for employees to grow and to
learn on the job or off-site to strengthen existing skills or to develop new ones is a
must as well. Creating incentives for employees to earn more than what
their base salary is and to obtain recognition and other rewards for outstanding
performance helps to assure that your employees can't "jump ship" and take
valuable information with them to give to your competitors or start their own companies.
Finally, developing leadership at every level of your organization helps to
form some of the other important characteristics of your model for doing business with
employees in the 21st century. Leaders within your organization will make
it easier for you to act, make decisions, conduct planning, set goals, diversify services,
obtain additional employees, evaluate change, build lasting relationships with customers
and the community and even "out pace the competition." Accordingly,
Thinking Big from Day 1 is key to long term success that pays off.
Contact Us Today
For additional information about M. H. West & Co., Inc.,
please contact us.
Marilyn H. West,
Chairman & CEO
About the Company
M. H. West & Co., Inc. is a leading consultant in workforce development providing
assistance to a diverse client base. Among the clients are large corporations, small
business, medical care facilities, public schools, public housing authorities, law firms
and professional and trade associations.
M. H. West & Co., Inc.'s specialization in other management, education and planning
services are available to reinforce workforce development and HR work. Among these
services are strategic planning, organizational analysis, change management, and
regulatory impace/compliance studies.
M. H. West & Co., Inc. service statistics include over 150 clients and some 200
projects since 1991. 1/3 of the clients are referrals from other clients; 40% of the
projects are for repeat clients.
M. H. West & Co., Inc.'s clients benefit from the extensive credentials of its full
time consultants who have worked in Fortune 500 and 100 companies, large state and local
government agencies, non-profit organizations, secondary and higher education and
institutions of higher education. |