Friday, November 20, 2015

A new way

Every market and business has its own challenges. I have always seen that no matter what industry or position that you find yourself in, you will come across the part of your job or industry that is dirty and creates many headaches.

To be involved in that position, you either need to know the industry and demands well enough to create solutions that accommodate or overcome these, or make sure that you get compensated commensurately with the aggravations and gray hairs.

The one manager that I used to have in the manufacturing operations that my company ran would always say to me, "Get the laziest person in the company to perform the hardest job, they'll find the easiest and least painful way to get it done!"

As I have said before, entrepreneurs are great and hold special skills sets to solve nagging issues. Not that they are lazy, however their unique way of looking at the world allows for them to see different options etc.

My company is presently working on infrastructural projects in Africa, and it is great to see the new different approach taken by this sector. In an industry steeped in a tradition of payment issues creating huge shortfalls in operational income, the governments and different groups involved are approaching this sector with a whole new mind set.

Now change is not easy and always faces many obstacles, however these solutions will not only increase the collections, over time it will slow the rate of increase due to the more efficient collections and ability for the funds to be collected and pay for the costs of service.

Efficiency and new approaches can reduce costs and increase profits, allowing for investment into areas that can continue to increase your companies profitability and sustainability, what are these areas under your control?

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