What is positive business? It’s the idea that businesses can and should create not only financial value but offer great places to work also, become a great neighbor, and help solve a few of the world’s biggest difficulties. How exactly does that apply to business legislation? By focusing less on regulation and compliance and more on finding new ways to help companies and employees are more economically secure and healthier, says Michigan Ross Professor Dana Muir, Arthur Thurnau Professor of Business Law. Take, for example, wellness plans.
It’s an area where business law intersects with making a great place to work, healthier employees who are more successful, and lower health care charges for the business and culture. “The trend now could be to consider areas in the law that permit companies to do things they’re not doing and would be positive,” says Muir, an expert on employee benefits.
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“Where the law imposes needless speed bumps, there may be an opportunity for business to advocate for improved policy. You can learn more about this and different ways to build a positive business at the 2015 Positive Business Conference at Michigan Ross, where Muir shall lead one of the workshops. She’s also involved in a big-picture project now targeted at enhancing retirement security for employees while also helping developing countries fund much-needed infrastructure projects.
Muir views this project with the World Economic Forum as a way the law can create better outcomes for employees, their companies, and society. Muir is dealing with global professionals in finance, rules, investment, insurance, and to create retirement savings products that provide the right profits and risk while facilitating needed infrastructure opportunities.
The WEF Global Agenda Council she’s dealing with has a tall order to tailor such products to fit company needs, worker needs, and rules. But the payoff would be the type or kind of positive action, the law should enable. “This hits every one of the goals of positive business – financial value, great places to work, and helping society,” Muir says. “There’s a complete lot of brainpower from a number of viewpoints focusing on this. Learn more about the positive business and exactly how it will help you as well as your business at the 2015 Positive Business Conference, May 14-15 at Michigan Ross. Registration is open now.
You could soon have clients knocking on your door in any way hours and lined up around the stop. Keep your ear to the ground as your competition go far. Check out their websites and study their profiles. Emulate what they’re doing that’s working and capitalize on what they’re doing that’s not working so well.
You can’t avoid having a competition, so you might as well use the fact that they’re there as inspiration rather than as a challenge. One of the most crucial qualities that will determine your success or failure as an entrepreneur is self-discipline. Do what successful entrepreneurs do, and you will popularity in your field surely. In the beginning Especially, you may make only enough money to cover your expenses.