What money means for a company

Why every company needs more money

I am far from doing bussiness for the sake of getting more and more profits. It does not make me happy whatsoever. My paradigm is different and is simple enough to be compiled in three thoughts:

  1. Money is to experiment and fail safely
  2. Money is for making people happier

Money is a company’s oxygen

  • To live, your company must earn money to cover its expenses.

Money is to experiment and fail safely

  • Nintendo had its taxi and ramen noodle business in 60s
  • Amazon was only selling books online in 90s (I believe you know this one)

Money is for making people happier

How to make customers happier

  • Focus on their needs and issues. Start with Why
  • Create unique products/services
  • Arrange more meetings and conversations with customers
  • Spend the money to overdeliver and not to overpromise

How to help teammates get happier

  • Listen to them carefully to see how their work-life can be improved
  • Pay for the technology and services they need
  • Help teammates to take expensive courses they want
  • Take advantage of an opportunity to pay higher salaries
  • Set up a system of giving rewards. For example, Merit Money from Management 3.0.

So what

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Vitaliy Mokosiy

Vitaliy Mokosiy

90 Followers

CTO in Atola Technology. Gamification enthusiast. Agile proponent