Why People are Considered the Most Important Business Asset
One of the greatest misconceptions is that the most important assets of a company are the cash and the land where the building stands. This isn’t so. It’s the people that are the most important.
If you have the capital (cash, land, equipment, etc.) and you want to set up your very own business, then you might want to consider investing big time in people. Why? They are undeniably the most important asset of any business. If you are still a sceptic on the matter, look at the following reasons that companies consider their employees their most important assets.
They Run the Company
Don’t even think for a second that it is the President, the CEO, or the Board of Directors who run the company because they don’t. Yes, they do occupy the highest echelons of the company but they’re just there at the top, and it is quite undeniable that company operations are right down in the middle and even at the base of the pyramid. Those in marketing, finance, accounting, planning and all other departments, plus the regular field guys who sweat all day are the ones running the company. Employees do the work that gets the business going.
They Give Life to the Company
Look at a factory setting where employees manufacture car parts. Have you imagined for a second what would happen if just for one day all those in the assembly line called in sick and didn’t report while you have an order from a customer that needs to be met within the day? This simply shows that without the employees, company operations could come to a standstill.
They Bring in the Revenues
Now can you say that it’s only the marketing people who bring in revenues? Absolutely not! While this may be true for some businesses that offer services or those in real estate, it isn’t true for companies that provide customers with tangible products. Without people who toil in the production line, the company could never earn.
Taking Care of People
It is quite important that you take care of people and you prioritise them in your company. Some companies would hold conferences in ideal corporate function venues in Brisbane so that even for just one day, they can give their employees some reprieve and also thank them for everything they have done for the company. Successful companies regard their employees as a whole, recognising the fact that employees have both heads and hearts.
It is clear why people are considered the most important asset of a company. They give life to the business and without them, no business can thrive. So take care of your people.