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Quaker Business People

February 1, 2013 9 Comments

wealthymatters “Look at the Quakers – they were excellent business people that never lied, never stole; they cared for their employees and the community which gave them the wealth. They never took more money out than they put back in.”-Anita Roddick

In England the Quakers have the reputation on being good business people.So who are the Quakers?

A Quaker is a member of the Religious Society of Friends, a Christian sect founded by the English religious leader George Fox (1624-91) in about 1650, whose central belief is the doctrine of the Inner Light. Quakers reject sacraments, ritual, and formal ministry, hold meetings at which any member may speak, and have promoted many causes for social reform.Quakers do not share a fixed set of beliefs but they do try to uphold a set of values, which they call testimonies, around themes such as truth and equality. Read more of this post

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Building Trust, Earning A Good Name

December 21, 2012 Leave a comment

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Learning From Sir Richard Branson

August 9, 2012 16 Comments

Here is what Sir Richard has to say:

1. On big companies vs. small companies

“Small is beautiful.” Sir Richard doesn’t see size as a competitive advantage.

His Virgin Records label is not the biggest in the music industry, but in 1992 it attracted the Rolling Stones. Virgin Airlines has a mere 37 airplanes versus the 700+ maintained by its competitors. It’s better to spin off a company into a second smaller company (as Virgin Atlantic spun off Virgin America) than grow larger, Sir Richard believes, because smaller companies can stay both more nimble and more customer-focused. They can also maintain the style and “cheekiness” of their early trailblazing if they stay relatively compact. Read more of this post

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What Comes First – Reputation Or Profits?

July 31, 2012 Leave a comment

wealthymatters.com “If you go to most family owned companies, their core focus is profitability. How much and how soon? Little time or money is spent in building a reputation. When I visit many of the big India business group offices in India, I rarely see a poster in the visitor’s area that communicates:

What are their business practices?
What do they stand for?
What are their values?
What are their views on treating their employees?

In most Tata Companies, I see that Value Statement at eye level while sitting on the sofa at the reception. It makes me feel nice.

By not aggressively creating a positive reputation, Companies stand the risk of being determined by legacy and hearsay. That’s a big risk that can cost you your business. Read more of this post