What is the most important factor in producing wealth?
Wealth production concerns every business regardless of object or size. Too often, business owners or executives look for ways to increase wealth production or look for causes that do not allow them to produce it.
In other words, every business is trying to find its hidden treasure by failing to account for the most important factor in both its wealth production and its growth.
Suppose you have in front of you a map of a hidden treasure that will give you all the resources you need to produce your wealth. But how do you get to that point on the map? Alone?
As you may know or have found, two minds work better than one. It is therefore obvious that in order to find your hidden treasure you will need a group of people who, having a good working relationship with each other and being in the right places, will be able to make it possible and quickly conquer this treasure.
From the above it is obvious that the most important factor for wealth creation is one and is around you. This is the human resource of your business, which is the driving force behind the development and production of both goods/services and wealth.
People are the most valuable asset of a business.
Every person working in your business is able to add financial value to it. Employees are a source of business creation and maintenance, or even survival, as they equip the business with their work, talents and creativity. Each person is defined by the range of knowledge, skills and experiences available that enable them to respond to great goals and lead to innovation.
The competitive advantage of any business, in order to cope with any changes both from its internal and external environment, lies in the capabilities of its human resources.
Do you have the right people? Are they in the right place?