Happy Labour Day, to those of you in Singapore! When you think of Labour Day, what comes to your mind? For many, it’s probably just another public holiday. To the Entrepreneur, Labour Day is a day to reflect on employees. As an entrepreneur, you need to aware that you have the unique opportunity to help people and support their lives. Entrepreneurs make a difference in employees’ lives. Once you start to hire people, you must bear in mind that you’ve got a greater responsibility than yourself!
Take some time to reflect on that responsibility, and enjoy that you are able to help people while developing your own wealth.
Labour Day means something different to you now
You as the Entrepreneur, it has a greater meaning behind it because you are supporting your employees, their families, affording them a better lifestyle than they had before. Here are the 3 ways how you can celebrate Labour Day as an entrepreneur, more than just a public holiday:
1. Fostering a great positive workplace culture
A healthy workplace culture, one that fosters positivity, is becoming increasingly important in the modern workplace. It leads to a healthy, dynamic and growing family that looks out for each other in the office.
A workplace with a unified culture drives business success. Investing in positive workplace culture will foster the right shared directive, organizational goals, beliefs, and values that will harmonize employee behaviours.
Happy Employees Make Happy Customer; When your employees are happy, they are more likely to make your customers happy, the results are greater customer satisfaction and growth in sales. Also, happy and engaged employees are more likely to stay. Think about the additional costs you will have to face when hiring a new staff such as the cost of advertising or interviewing, the cost of onboarding and training, the cost of errors as well as time for adjusting and etc. It is too much of a headache and most of the times not worth the hassle.
So, inspire, motivate, and encourage your staff. Treat them with respect and trust, and your business will go far.
2. Create a happy home life for your employees
You must understand that your business can’t grow without people. The most important asset of the company. One of the biggest risks is letting your people get burnt out or bored. When they’re miserable at work, you can bet that their family knows it. When people feel unmotivated or undervalued, their work suffers, the company suffers, and their home life suffers. It’s all connected, and we’d be fooling ourselves to think it’s not.
Studies show that if a staff is unhappy with their job, it can spill over into their personal home life, the results can affect productivity. For example, if the workplace is stressful and bad things are happening, such as back-stabbing, gossiping, production wanes and nobody wins.
Happy employees feel good about themselves and what they do. If an employee feels good about their work, it contributes to happy home life, and as an entrepreneur, you know you had something to do with that.
3. Allow yourself to take some breaks
Being an entrepreneur, you have the control on your own destiny. You are the captain of the ship. Although studies show that bosses are more satisfied with their jobs, family lives, and their overall financial situation than people in non-managerial position, we are all human, allows yourself to take some breaks today.
Entrepreneurs seldom find time to rest. The life of an entrepreneur is fast-faced and always trying to keep their heads above water. The endless obligations and deadlines contribute to accumulated stress for most entrepreneurs. If you do not rest, it negatively impacts your performance and consequently, your business. You begin to experience lowered enthusiasm, incessant tiredness, reduced optimism and eventually turn to serious health issues.
In Summary
When you signed up to be an entrepreneur, you may have not realized that you’d have the opportunity to make a real difference in employees’ lives, but it’s inescapable and the best thing to do is embrace it. We are all humans searching for better life. Happiness is the key…Happiness at work, at home and in the community where we live. We need to take good care of our employees to yield the best results. When your staff like your company, they are more likely to treat your company like their family, they are more productive and resulted a win-win situation. Do not afraid to give praise openly, show your appreciation, and always strive to foster a positive work environment.
If you’d like to celebrate Labour Day by going into business for yourself, EASE provides assistance to businesses in various stages of their business life-cycle. We want to become your finance business partner and grow with you along your journey. Get in touch with us at [email protected] or reach out to +65 8886 2052. I’d be glad to discuss all of your business plans.
