The
Element of Business:
What makes a Business Successful?
What
makes a business successful? Some businesses thrive
with success while some fail terribly. What are
the secrets behind these successful businesses?
Are there brilliant business strategies behind,
or is it just plain luck that that these businesses
flourish?
To
start, you begin by knowing your business. All businesses
no matter what sizes have to operate on some basic
logics and functions. What are the must-have business
functions? Let us answer this simple question, "Who
run the business?" The idea is simple, you are obviously
the one who runs your business, think of your business
as yourself (as a person) and you see the logic
flows.
The
Five Elements of Business
Find
the above chart familiar?
Yes,
the above business flowchart is derived from the
Chinese Five Elements Cycle. Going along the Yin
and Yang principle, the five elements (Earth, Metal,
Water, Wood, Fire) are what that brought about the
harmonized balance of planet Earth.
So
to speak, applying the Five Elements principle into
your business enable you the managing of your business
in good balance (to support prosperous business
growth).
- Administration/Management
supports
Production
First
and foremost, a business needs someone to run
it and that is you (the CEO/Managing Director)
and any other managers who come out with the business
ideas, plan strategies, employ and oversee talented
individuals and execute the business plans i.e.
actualize business ideas into business products
(tangible merchandises/services).
- Production
supports
Sales & Marketing
With
your business products created, you are ready
to take on sales then. You sell and market your
business products to prospective buyers and here
is where wealth and cash flow roll in.
- Sales
& Marketing supports
Finance / Accounting
With
the in flow of cash, you see your funds growing.
Here is where you need to manage and maintain
your revenue and expenses in healthy balance to
build up your financial capital Power.
- Finance
/ Accounting supports
Research & Development
With
positive capital power, you want to make sure
your business continue to thrive. It is important
that you constantly develop and improve your business
products to ensure that they meet the demanding
needs of your customers (to stand up against your
competitors).
- Research
& Development supports
Administration/Management
Strong and up-to-trend resources provide
the management team with critical information
that guide the business direction and strategies
ahead.
As
much as supporting one another, the five business
functions affect also one another (hurting the business
operation). As can be seen below, missing any of
the five business functions, your business will
be dangerously out of balance.
- Administration/Management
affects
Sales & Marketing
Without
foremost proper management and business strategies
from yourself (the management), there wouldn't
be any great business products to generate positive
sales and revenue to bring in wealth.
- Sales
& Marketing affects Research & Development
Without significant sales to generate incoming
Wealth, you won't be able to build up your capital
power to support your research and development
to help set the business in clear direction.
- Research
& Development affects
Production
Without strong research and development and up-to-trend
market intelligence, you won't be able to strategize
correctly and come out with great business products
that support your foothold in the competitive
market.
- Production
affects
Finance / Accounting
Without quality and marketable products to reach
out to your customers, there won't be sales and
revenue to bring in wealth to build up your capital
power.
- Finance
/ Accounting affects
Administration/Management
Without substantial financial capital power support,
you won't be able to run research investigation
to upkeep your business development and at the
end of the day, the business goes downhill (no
longer able to support the management and sustain
the business function).
So,
you can see that these five business functions support
and yet affect one another. In short, you wouldn't
want any of them to fail - Any of these functions
down, your business will be at risk!
To
ensure sustainability of the business, we always
maintain the business in good balance (balanced
out between the five business functions) i.e. you
can't be greedy and focus only on acquiring wealth
and neglect the importance of business planning,
research and development etc. Have a look again
at your business operation, are these five business
functions running well?
Critically,
where are these business functions/departments located
in your company?
In
Business, you always hear this "if you fail to plan,
you are planning to fail". Similarly in Feng Shui,
if you plan your business functions in the wrong
location, you are setting your business up for problems
and obstacles (driving your business towards failure).
We
believe you have seen cases of businesses flopped
and closed down. For instances, some retail shops
if you noticed are forever changing tenants i.e.
whichever business took over the space never lasted.
Clearly something is wrong with the shops and if
were to say aloud, the shops' feng shui must be
terrible!
Critically,
the life-force energy (Qi) that flows in your company
must be favorable. Vibrant and positive Qi helps
set your business in good energy for strong prosperous
growth. But then again even with positive Qi in
place, the locations where you sit your various
business functions are crucial too. Where you set
your Sales and Marketing department, Finance and
Accounting department and etc affects your business
growth and development as well. Go ahead and try
set up your finance department in the North sector
of your company and see if your financial capital
would grow.
Tap
onto the power of Feng Shui and
elevate the success of your business
Learn
more about how Feng Shui can impact your business:
Real-life
Feng Shui Case Studies
(how some businesses thrive with success while
some fail terribly)
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