Letter P holds a great significance in business let’s discuss how:
P for Planning, a successful business starts from perfect planning, proper strategies are required to start a new venture. Proper research, setting objectives, risks involved etc. are part of planning.
P for Positive attitude: For good atmosphere, increasing productivity and good decision making having positive energy is must. A healthy environment increases company’s success.
P for Performance, it refers to company’s ability to achieve its objectives by better employees engagement in work, doing training program’s on regular basis, performance measurement etc.
P for Profit, it is the most important P in business because on profit the company’s ability to move forward depends, expanding your business depends upon business success and success depends upon profit.
P for Persistent, it refers to sticking with your goal and objectives being flexible with your work, it’s a continued effort at the time of hindrances in business and maintaining a positive mindset. Use failures as an opportunity to grow.
P for Protection, playing the safety side in business is necessary. Insurance can help you to mitigate financial losses and also reduce stress, employees protection from unseen circumstances also increases trust of employees towards the company.
So by implementing these P’s in business the overall efficiency of the company increases.
