Make More Money By Being Generous

Since I have started my computer business I have learned a lot. I have learned not only lessons that apply to the computer business, but lessons that also apply to any industry or even just life in general.

One of the lessons I would like to share with you is that by giving something away or spending more money can actually save or make you a lot more money.

A great example of this is the story of my fiancée’s previous and current workplace.

Her old work place was run by somebody who was always trying to save money. I mean, he was really counting the pennies to the point where they would often not have enough stock to complete the job. He would constantly bring in new nurses on an unpaid “trial basis”, string them along and eventually let them go at the end of the trial so he was essentially getting nurses to work for free.

He would have a Christmas party at the end of the year like most businesses do but he would pay for very little even though this guy was very wealthy.

This business has never really ran smoothly because the place was often short of essential stock, the boss would chew out the nurses for something little like using one too many staples (again, to save money), the nurses would get frustrated because they can’t do their job properly and get in trouble for it resulting in a high staff turnover.

My fiancée is no longer at that business due to the reasons mentioned above and is now working at a Dental practice that is almost the opposite of her old work.

The Dental Practice that my fiancée current works at has found “its groove” and everything runs smoothly. It always has enough stock and the boss spends money doing nice little things like bringing in cups of hot chocolate every Tuesday.

So what’s my point? My point is that by spending that little bit extra it actually saves more money than “counting the pennies” like the previous boss. By having enough stock the place runs smoothly which allows everyone to be more efficient and get more done which eventually leads to more income. When the boss buys $20 worth of hot chocolate every Tuesday he is keeping everyone happy and makes them feel like they are appreciated which results in less staff turnover.

The old Dental practice thought he could save money but the process of placing ads and training staff is actually quite expensive. First, there is the actual cost of placing an ad on the job sites (usually around $100) and then you have to spend time training them. You also have to pay the trainee for the training time (where they aren’t 100% useful yet) and you need a fully trained staff member to train them. This takes the fully trained staff member away from other jobs which makes them less efficient as well.

So, by spending that little bit extra on his practice and making the staff feel appreciated, the new boss makes far more money than the old boss who counts the pennies to save money.