Money is one of the success factors of pretty much every company. However, this is just a component. The ultimate tool to be able to become fully successful lies within the One's social skills - how he develops a relationship with everyone in the workforce and even with clients.
Social skills is not achievable through others
The real deal does not lie on how big your profit is. Without proper care, it will just disappear eventually. The real deal lies on how the entrepreneur connects with people. According to Entrepreneurs, every successful entrepreneur is aware of the magnitude that "relationship" brings to the company. And unlike business models, social skills is achieved by practice and experience. The principle of socialization cannot be passed from one person through some kind of a tutorial session. The individual must personally interact with his people and colleagues.
However, as per the report by the same source, it does not mean that one will easily trust anybody. He still has to evaluate everything and make wise calculations. For example, an entrepreneur is dealing with another entrepreneur. Just because he needs to establish good relationship does not mean he will say yes to anything without looking at the advantages and possible setbacks of the deal.
"A happy workforce is a productive workforce"
Another benefit of having an effective social skill is conflict reduction. B2C said that efficient and friendly environment reduces conflict within the workforce. The source also added that if an employee is happy with his or her relationship among colleagues, he or she becomes more productive in work. Thus, the company's goal is accomplished.
There are tons of strategies and business models that an entrepreneur can refer to. Some of these might fit his company's goals, some may not. But one thing is for sure, a healthy relationship with employees, clients, colleagues, and even the entrepreneur himself is the ultimate tool for the company's upward mobility.