Do You Have F.A.I.T.H?
No – I am not talking about having religious beliefs.
I’m not even referring to having confidence in your abilities.
What I am asking is whether or not you have F.A.I.T.H. in your business!
Let’s assume for a moment that you do have a positive outlook on your business’s progression, on its success future. Does this sound like you? If it does, then you need to ask yourself if you, the owner of your business, whether or not you really have F.A.I.T.H. By that, I mean…….
So, first up, let’s explore the meanings of these attributes.
FIDELITY is maintaining faithfulness to a person, ideal, cause or belief. A business example of this is that it implies strict and continuing faithfulness to an obligation, trust, or duty such as being supportive of and loyal to your customers and suppliers.
ACCOUNTABILITY is the acceptance of responsibility for your actions. For instance, if you do something wrong or make a mistake – OWN IT! Never try to pass the buck onto someone else or use some other excuse such as “It’s Company Policy so it’s not my fault”.
INTEGRITY is the principle of being honest and having strong moral principles.
TRANSPARENCY. I have always liked this quote from Forbes – “Business transparency is the process of being open, honest, and straightforward about various company operations. Transparent companies share information relating to performance, small business revenue, internal processes, sourcing, pricing, and business values.
HONESTY refers to a facet of moral character and connotes positive and virtuous attributes such as integrity, truthfulness and straightforwardness of conduct, along with the absence of lying, cheating, theft, etc. Honesty also means being trustworthy, loyal, fair, and sincere.
In summary, as a business owner, it’s important that, at all times, you:
- Keep your word. If you want to establish a solid reputation you must deliver on your promises. Never over-promise;
- Keep your commitments;
- Pay attention to your environment;
- Stay focused;
- Surround yourself with honest people;
- Take responsibility;
- Respect your employees.
Do this and you will have a great business!