What Are the Most Important Characteristics of a Modern Business?

Characteristics of a Modern Business

As the leader of your modern business, you are responsible for keeping the entire organization, from the finances to the personality, marketing, and everything in-between, above board. This is quite a lot of pressure for anyone.

And now, as the contemporary companies need to operate within certain parameters, but also be abreast of constant change, this means there’s a lot of peddling involved in which to keep up. As such, there is a lot that we can rest on, as far as our laurels are concerned.

characteristics of a modern business

Hence, this can mean back-peddling, avoiding modernity, and sticking to the more outdated approaches to running a business.

And if you want an easy life, then, by all means, go for it. But if you are looking to maintain a modern business, you need to be aware of the essential characteristics. You must also be able to overcome obstacles.

But if you are looking to maintain a modern business, you need to be aware of the essential characteristics. #biztips Click To Tweet

Health Awareness as Characteristics of a Modern Business

Health comprises of two key areas, physical and mental. Business leaders out there who run a threadbare company, with a skeleton staff, or hire people purely on a self-employed basis are able to sidestep the issues when it comes to supporting their workers. But, if you go down this route, you will find that there is some sense of disengagement from your employees.

Because after all, you won’t have their full attention. And while you may be very grateful that the work they are doing for you is top-notch, would you expect these high-caliber employees to stay with you, especially when you don’t provide support or the perks?

And nowadays, while many millennial employees look for an employer that’s more holistic. Therefore, it’s not just about the pay, but about the environment they provide, this means that you’ve got to find a way to keep morale high. And,  your employees supported. But many businesses are taking on board these sorts of suggestions, and employing telehealth capabilities, where employees can have access to medical specialists; this is in your interest as well.

Because after all, a healthy employee is a productive one. So if you provide nothing in the way of health support, don’t expect to have engaged employees. I know for me having a new office chair really improved my health and makes it easier to work longer.

A Supportive Environment For Your Contemporary Business

Wherever you go now, this talk of the workplace “culture” crops up. To make a business provide a culture that’s nurturing and caring isn’t an overnight fix. In fact, to create an environment that is supportive, it involves digging deep. Digging not just in terms of the processes and the people you employ, but the overall environment that you have laid the foundations of.

After all, it stems from you. If you have been lax in your attitude to work, and you relied on the factory line approach to work, where people do as they’re told, clock in and clock out. You can’t expect employees to feel supported within these confines.

A supporting environment is about taking the employee and nurturing their abilities, not just by the right sort of motivation, but by fulfilling their wishes in a professional sense. The employee journey is very important now, especially as 5-year plans and the opportunity for progression are concerned.

And when we factor in the employee journey, we’ve also got to think about whether they are happy or not. If we provide this supportive environment, not just with appropriate employee programs, but the ethics you communicate, these naturally feed into the environment, and they will begin to form this culture over time.

A supporting environment is about taking the employee and nurturing their abilities, not just by the right sort of motivation, but by fulfilling their wishes in a professional sense. #biztips Click To Tweet

Giving The Customers A Voice as a Modern Business

It’s not just about the employees, but it’s about that dialogue between company and consumer that needs fixing. Companies get a bad name for themselves for numerous reasons. And this can be a lot of pressure on any business leader.

But if we can work to manage the expectations of our customers, and provide a sense of satisfaction, we are automatically helping our business to grow in an organic sense. By giving our customers a voice, and a sense of control, we will make sure that problems are solved. But we will also get real-time feedback.

So whatever issues customers have with our services we can fix and ensure that our customers are satisfied which will translate into positive word of mouth as well as improve the bottom line over time.

customers voice

And now, while social media becomes the most important mouthpiece of any customer, we should find appropriate methods to deal with customer dissatisfaction. Not only putting out the fire but also striving to improve their relationship with us. It’s a big ask, but it has to be accomplished!

instagram course
This online course comes with a money-back guarantee and is updated as things change quickly with Instagram!
But if we can work to manage the expectations of our customers, and provide a sense of satisfaction, we are automatically helping our business to grow in an organic sense. #customerservice Click To Tweet

Operating Like A Small Company

It’s a common oversight that we want things big and we want them now. But by making our company larger-than-life, we can relinquish some form of control over the proceedings.

If we work as a small company, in mind, and in the matter, this doesn’t just make everything easier to implement. It will provide a better sense of personality to our clients, customers, and employees. When we think of big multinationals, there can be a facelessness about their operation. And this may turn people off dealing with us.

This is a very important thing to iron out at the very beginning, with regards to the business plan and the products. Because if we can communicate our brand and personality as being personable and easy to approach, this will naturally feed into the culture, the product, the marketing, and everything else.

A smaller business doesn’t just provide a more affable personality to the consumer, but it can be very appealing to budding employees. Employees want control over their working lives, and if we provide certain perks of the job, like flexible working, these little implements can work to improve so much and have so many positive repercussions further down the line.

Because if we can communicate our brand and personality as being personable and easy to approach, this will naturally feed into the culture, the product, the marketing, and everything else. Click To Tweet

Characteristics of a Modern Business Includes a Good Boss

While it sounds so simple, so many employers have followed their dream of starting their own business, but they haven’t had the goods to back up their good intentions. A good boss isn’t just someone who is able to give orders and look convincing doing them; a good boss is all things to all people.

We’ve all had a line manager in the past that we clashed with. These sorts of people we naturally avoid becoming when we are in the role ourselves. But a good boss doesn’t just keep the business afloat, they have an open-door policy to their employees. Hence, they learn how to adapt to change, but, most importantly, they know how to communicate with anyone and everyone. So many of us have the wrong end of the stick when it comes to what entails a good leader.

Some people want to run their own business. They like to be in charge and it makes them feel big. But if this is the sole reason you want to run a business, it’s time to make some alterations.

A modern business doesn’t have the antiquated notions of line managers, and bosses that bark orders. A good boss in the modern business landscape feels like one of the team. While they may have a lot more on their plate to deal with, this doesn’t stop the employees feeling that they can’t approach them with problems. These problems could be personal or professional.

A modern business doesn't have the antiquated notions of line managers, and bosses that bark orders. A good boss in the modern business landscape feel like one of the team. #smallbiztips Click To Tweet

A Contemporary Business

A modern business encompasses so much that it can be a very difficult journey to implement all of these things. But if you can start making small, barely noticeable changes, the company could transform. It could transform into an ethical sense, a personal one. And then, it can become an organization that consumers and potential employees will flock to.

Watch the video below to see what makes start-ups succeed by Bill Gross!  Bill has founded a lot of start-ups and incubated many others. He got curious about why some succeeded and others failed. So he gathered data from hundreds of companies, his own and other people’s, and ranked each company on five key factors. He found one factor that stands out from the others — and surprised even him.

 

But if you can start making small, barely noticeable changes, the company could transform. #biztips Click To Tweet

What do you think is the most important factor for a new business to succeed today? I’d love to know more in the comments below!

 

the best social media management tool
Save time today managing your social media with a FREE 28- day trial!

Lisa loves helping others to thrive online through Social Media, Blogging, and SEO. What good is knowledge if you cannot share it with others? She has 30+ years of experience in marketing/advertising with 9 years of experience in content marketing, social media, blogging, and SEO. Check out her latest eBook "How to Tweet and Thrive on Twitter" now on Amazon.

    • Hi Rakesh, welcome to Inspire to Thrive. I like that having to reach our parameters. Excellent point! Thanks for coming by and taking the time to comment. Have a great day there!

  • Business owners are finally giving mental health a voice, Lisa, as far as employees. Gone are the days when grabbing someone a gym ownership meant taking care of them. As within, so without.We need to be mentally fit by facing fears, by doing uncomfortable things and by living mainly from love, to avoid the many business-crushing pitfalls created by worried, frenzied employees.

    • Hi Ryan, I think people are realizing without your health, you cannnot do your best or anything at all in some cases. It really is our most important asset. You make a great point about being mentally fit as well. That is just as important for our bodies to heal, etc and of course to lead calmly and not be fearful 🙂 Thanks for your input on this one Ryan. Have a great weekend ahead!

  • Site Footer

    >