Small business ownership and leadership are critical factors in the success of any small business. In order to build a strong foundation, it’s important to define the Core Values that will guide decision-making and actions. Core Values are the beliefs and ideals that a company holds dear. They provide the framework for a company’s Culture, setting the tone for how employees should behave and interact with each other and their customers.
For small business owners, defining Core Values is especially important. It helps to create a clear direction for the company, and ensures that all employees are on the same page. Core Values are what make a company unique and can set it apart from competitors.
As a small business owner, it’s important to regularly evaluate your Core Values to ensure they still align with your BHAG, Higher Purpose, and how you want everyone to act within your business. This can help you stay on track and make decisions that are in line with your values.
In addition, leadership plays a crucial role in upholding the Core Values of a small business. Leaders must lead by example and model the behaviors they want to see in their employees. When leaders consistently act in accordance with the company’s Core Values, it can help to create a positive and productive workplace Culture.
In summary, defining Core Values is a critical component of small business ownership and leadership. Bringing them to life in your business is necessary so that they aren’t just a list on a wall. Real, alive Core Values provide a framework for decision-making and actions, and help to create a unique and successful business. As a small business owner, it’s important to regularly evaluate your Core Values and ensure they still align with your BHAG and Purpose. And as a leader, it’s important to model the behaviors you want to see in your employees and uphold the Core Values of your small business. By doing so, you can help to create a positive and productive workplace Culture that will lead to long-term success.