What’s your business’s greatest asset? Property? Plant? Equipment?
If you answered any of the above, you’d be wrong. Your company’s greatest asset is its people.
When the University of Pennsylvania did a study on human resources, they discovered that an investment in people had a greater ROI than an investment in property, plant and equipment. You need to be thinking of your people as an asset on the balance sheet rather than a necessary expense lumped in with all the other expenses.
When you look around you at your team, are you happy with what you see? Is your team functioning at its peak or is it dysfunctional, undermining your efforts to achieve your business goals? If you’ve identified room for improvement, the best place to start is at the top.