Remembering the Purpose of Business
Handling cash the old-fashioned way
Whether you’re motivated by single-bottom-line (profit) or triple-bottom-line (profit/social good/environmental good) the commonality is profit.
While visiting a client in Port Gamble, Washington of all places this morning, I (all of me — no I didn’t lose part of my face) happened to see a sight for sore eyes.
One of the oldest, fanciest CASH registers I’ve seen, it got me to thinking about how removed “information workers” are from the revenue stream that is the lifeblood of every business. Sure, they get reports or P&L statements, but have little true connection with actual money.
In the 90′s when I ran a chain of restaurants, it was important not only that every employee knew the importance of “greenflow”, but that they understood that — for all the cash coming in every day — there was only 3-5% in profit left at the end of the month.
Bottom line: how can you help your people (and your self) appreciate the value of the dollars coming in and going out on a daily/weekly/monthly basis? It’s different for every business.
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