Winning in business can be a challenge in itself, but winning in business with very little capital requires a certain strategic culture that must be fostered throughout the entire development of the company, from the highest level of management all the way down to part time employees and volunteers. It is essentially the only way for a business to survive with relatively little capital and it requires a specific outlook regarding philosophy and values. A team code of honor must be in place and it cannot be broken. In addition, an effective mission statement must be honored on a daily basis in order to allow the company to honor its specific goals and its overall vision.
When relatively little money is used to start a new business there is a certain philosophy that exists which guarantees that anyone involved in the venture is doing it because it is a passion, at least to a certain degree. Of course, no one goes into business with the intention of losing money. And, it is much easier to stay the course and eventually make a lot of money when everyone involved is passionate about what they are doing. PM Leadership’s philosophy is “Leaders Lead”
Values must always be held to the highest standards. This actually goes hand in hand with having passion and believing in what one is doing. Many times companies of this nature are started because of the values of the founding members. This must be reflected in everything that the company does and it also has to be mirrored by everyone else that eventually comes to work there in order to ensure that these values are maintained at all times. Typically, values such as selflessness and dedication to service are the most prevalent among business ventures that contain relatively low capital. One of PM Leadership’s values is “Team and Family Spirit”
Team Code of Honor
A code of honor provides a framework for a person to act in a given way that reflects their values, regardless of the circumstances that are at hand. Living by a specific code of honor means that a person will be more apt to make the right choices even when it is tempting to do something that veers off of the usual course. A team code of honor in a place of business means that every individual is held to a certain standard and is expected to act in a given way at all times. It makes it easier for employees to make the right choices and it also fosters teamwork and increased cash-flow because it allows everyone to understand that they are working for a common goal. One of the code of honor of PM Leadership is “Everyone Must Sell”
A solid mission statement typically revolves around the overall long-term goals of the company, as well as the specific means by which they intend to accomplish those goals. In most cases, a great deal of the mission statement involves helping employees understand how their actions have a direct impact on the company itself, and therefore on the lives of others. It is also the perfect place to implement marketing and branding strategies, as well as expectations concerning leadership. PM Leadership’s mission is “To Lead Humanity into Success and Financial Growth”
A company that operates on little capital typically makes up for the lack of initial funds with a great deal of vision. There is a definite goal in place and there is a reason for the company to exist. Many humanitarian movements and similar companies that help other people have been developed in exactly this fashion. It is necessary that entrepreneurs have vision but it is even more essential for companies that are operating on relatively little capital to be creative and find a way to marry their ultimate goals with realistic ways of operating on a daily basis. PM Leadership’s vision “To be the market leader”
The only way to achieve a long-term vision or to honor a mission statement is to have goals on a daily basis. These goals will serve as the strategy for the company. It is important that the company sets goals as a whole, and that individual staff members set their own goals in order to achieve certain benchmarks that are in concert with the goals of the company. PM Leadership’s goal is “To provide exclusive, proven and affordable educational programs that help business owners and professionals to succeed faster, make more money and enjoy life with family.”
In closing, combining all of these different components is the best way for a company to operate, regardless of whether or not it is designed for a winning business strategy or to foster leadership in a business culture. Typically, businesses that are centered around a team concept will address any cash-flow problems rapidly, largely because of the specific marketing or branding that is involved with a specific business culture.
Piseth is a man of vision. Known as an Entrepreneur, Leadership Strategist and Business Trainer. His opportunity to work with world-class experts and trainers has made him unique and different to other trainers in Cambodia. He is personally mentored by Rich Dad Asia Bellum Tan and The Guru to Gurus, Rich Schefren. He met Richard Branson, Robert Kiyosaki, Les Brown, Blair Singer, Ron Kaufman, just to name a few. He is famously known for starting his company with a few hundred dollars and turning it into a national brand within one year. Beyond that, he is a teacher and an educator. His corporate clients includes Virtus Group, 3 Sisters Clothing, Lotus Advertising, Marist Solidarity Cambodia, CRDT, CSUK and more. Piseth has appeared on famous media outlets such as CNC, SEA TV, TVK, Hang Meas TV, Bayon TV, Radio Australia, National Radio, Phnom Penh Post and others.