Should you focus on people or profits?

It’s a common question faced by leaders around the world.

But the truth is that people and profits aren’t mutually exclusive. Focusing on one thing gets you to the other. To earn profits, you have to start with people.

Profits come from employees building relationships, selling your product, and continually innovating. To unlock those profits and growth potential, you have to start with the people who get you those profits.

A great example of this comes from Hubert Joly, the former CEO of Best Buy. He took over when the company was struggling and nearing bankruptcy. Everyone told Hubert to cut employees to save the company. But instead, he invested more in his people with additional training, development, and growth opportunities. Those people helped turn the company around.

Investing more in your people, not less, leads to profits.

We need to stop the debate between people and profits. They aren’t opposing forces but work together. To get to higher profits, invest in your people and their experience.

When it comes to people or profits, the answer is both.

I put together a video which talks about this in more detail. Please check it out below and if you want more content like this you can subscribe to my Youtube channel.

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