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Ok, big businesses now run 24/7, there is really no time to spare. We can talk about the advantages of Internet businessing here. In short, I will be delving into it as the duo so we get this article out as it ought to be. One thing I have learned about writing is; ‘just start’. Inspirations will keep coming, words will keep forming and it makes sense in the end.
The profitability of a business is dependent on its structure. This is the advantage of soft companies over hard ones. While the latter has opening and closing time, the former is an ALL round the clock activity. This is why it is getting easier to scale business and enter into profit in a much more flexible manner.
We can talk of Tether for instance. How many work forces make up that company compared to how profitable it has been within a few years.
The last time I looked through that news it was very impressive and as we speak, it seems it will be one of the companies spearheading the future of crypto when considering the realized relevance of stablecoins. In the world of business and economics, one can't exempt transactions and those with the better tools will prevail.
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We can try to compare its activities with industries like a megalopolis supermarket or maybe much wider into an oil industry sector. We have to understand first, the workforces in between. Or before getting there, how about its structures? It always goes in the millions and it can be in billions for setting up a good environment for oil business. The workforce on the other hand is massive, line of duty is in departments upon department even when machines are still in-between.
One may say that the oil sector does operate partially 24/7. This goes down to delivery personnel like tanker loaders and truck drivers who will have to sacrifice their night to get goods to the desired destination. In short, this is always one risky business delivering such valuable goods in the night time. I have heard several reports of tanker drivers being robbed or exploited, so yes, there are efficiency loopholes here.
As for the megalopolis, we know they will have to shut down operations for both them and the customer's safety. In short, any business that has to do with tangible goods or services has many flaws. So it calls for a need for shutting down and its TOP reason is safety and not that they are not interested in making more profit.
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So let's wind back to our very selfs. How often do we shut down, should we shut down and why? I guess reading the mode of operations of the exampled business above gives a lot of glue. My focus is mainly on medium and small scale entrepreneurs who are working from the hard industry. Trust me, there is a need to shut down; you heard me right; ‘prioritize shutdown time for your safety’.
There were times I used to keep my office open on a Sunday and customer in the name of doing business and customer satisfaction leveraged it to my disadvantage. I became more of a workaholic and how good was the return on effort? Nothing to write home about.
I really did miss this in my early business days; the difference between ‘business and busyness’. You are not a robot and it is best to tell your customers how you operate, those that respect your business will stay. Not everyone is a customer, some while away your valuable time.
Have you discovered that so many health challenges people face are because of work or over working themselves? Don't mistake body and tissue weakening for capacity building. It was one of those things I had to look into when I was having a stretch yesterday. Having the challenge of a limited workforce can mean you step in most times and when I felt exhausted, I had to trigger my shutting down time.
To conclude, let me add, I am not saying that one should prioritize laziness or customer dissatisfaction. The fact is, hard industry burns out energy and when you are at the self employed or small business cadre, you will have to operate very smart. From taking note of the deal to even accept to letting your customer know you are human. Set a realistic time and avoid over competing. Success in business is tactics and it entails even how to apply it to maintain your well being.
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