You’d likely first be hesitant to take advice from a known mobster. But when you take into account the fact that, according to The Huffington Post, the mafia is the longest running corporation in history, it’s practically a guarantee that they know the ins and outs of running a successful business. That being said, there are several tips mobsters have shared with those wanting to build a legitimate, successful business, even with little experience. Check out the tips below on how to build a legitimate business with mobster principles.
According to mob boss Carlos Marcello who ruled over New Orleans for several decades, “New Orleans wasn’t built in a day.” Carlos may have controlled the city, but it certainly didn't happen overnight. It’s important to realize that it takes time to build a successful business and with that time, it also takes a lot of hard work. But if you stay patient, work hard, and stay focused on your goals, you will get there.
When it comes to anticipating problems, no one is more prepared than the mob. Mobsters take necessary precautions just in case a multitude of problems arise, and you should do the same for your business. This includes everything from having someone as your “second in command” just in case something happens to you, to having an emergency fund you can pull from if your business suddenly gets into financial trouble. You’d rather plan and be prepared for things that may never happen, than be shocked and thrown off your game by the unexpected.
You’d be hard-pressed to find a group that values family and relationships more than the mob. It comes down to trust and dependability. If you can’t trust and depend on the people you’re working with, you shouldn’t be working with them in the first place. Few things are valued as much as a work relationship, because you’re depending on those people to help move your business forward, not hold you back. So next time instead of spending too much time overworking, you might want to hire a Xero Bookkeeper Surry Hills.
Punish One, Teach One Hundred
This one may seem a bit harsh, but it actually makes perfect sense. Mobsters usually took it much more literally, when they would punish one member for a mistake in order to teach a larger lesson to everyone else. In the world of business, chances are you’re not actually “punishing” anyone, but the same idea applies. As a business owner, you expect things to be run a certain way. Those expectations should be met and if they’re not, you have to send a clear message. Let one person’s mistake serve as an example for the rest of your company. Set a standard and have clear expectations to prevent the same mistakes from happening again.
Work Smarter, Not Harder
If you could work 9-5 or 8-7 every day and accomplish the same amount of tasks, which schedule would you choose? Chances are you’ll choose the shorter schedule. That’s where the “work smarter, not harder” idea comes into play. To build a successful business you need to work smart and efficiently. That means no wasted time and no pointless tasks. If you’re not working to improve your company and keep it moving forward, you’re not working smart. Effective time management is vital to a successful business. Make sure your employees are taking full advantage of every minute they’re on the clock.
Stand Up for Yourself
There’s a reason you started your business in the first place. If you believe standards aren’t being met or you aren’t being respected, stand up for yourself and say something. It’s important to set the tone and make it clear that you will not be disrespected. You’re the one in charge and it’s important that everyone involved in the company knows that. You don’t want to be taken advantage of so stand strong and let everyone know who’s boss.
Always Be On the Lookout for Opportunities
I can guarantee you, any member of the mafia is going to be on his toes ready to go the minute his boss tells him to. When hoping to build your business and continue down the path of success, you must always be on the lookout for future opportunities. Whether that means a potential client or new customers or partnerships, opportunities are out there. But you can’t find them if you’re not already looking.
Turn Ideas into Actions
Great ideas are wonderful, but they’re just that: great ideas. In order to be successful, you have to put those ideas into action. It’s important to trust your judgement and trust your instincts. If you believe an idea could really work to better your company, what’s holding you back? Once you’ve really run through the details of it, make it a reality and watch your business grow and head toward more success. Additionally, encourage more, consistent ideas to avoid getting stuck. Use successful ideas as encouragement for employees who seem hesitant to share their own ideas. Try to see the light in each and every idea thrown your way and reap the benefits.
You Can’t Please Everyone
As a business owner, you’ll learn pretty quickly that you can’t please everyone, no matter how hard you try. Actually, you shouldn’t even try to please everyone or you’ll likely just be wasting your time. Mobsters couldn’t care less about making everyone happy. What they cared about as their business and how they were going to make the next deal. Of course, you shouldn’t go about that by disrespecting those closest to you, but you have to recognize that in the world of business, not everyone is going to be satisfied.