Like anything, with business there is a right way and there is a wrong way to do things. These two binary paths meet, intersect and have a lot of branches within them, but mainly you can either get things done the right way or the wrong way. It's like that with anything, but sometimes in business - seeing the right path can be hard and although the bad path is clearly, well, bad - it can be a tempting and easy path to take, but success won't always be at the end of it and nine times out of ten, the easy way out will be the worst way to run your business.
Look at costs in business for example. The world of business is, and always will be, dominated by money. Cash and finances are why businesses exist, and they play a huge part in ensuring that the world turns. The economy of countries depends on the activity of businesses, the public, and their shareholders. Money is the subject, and there's the right way and the wrong way. If you want to save money - do you be cost-effective or hold the strings tight. One can ensure you explore the right opportunities - say speaking to Martek Marine to explore a business path for your maritime venture - the other will ensure your business is crippled. While conserving cash is good, exploring cheaper opportunities in a cost-effective manner is better. Businesses do need to spend to reap the rewards.
Hiring is another area with two paths. You can either hire in a professional manner, or in a silly manner. The professional manner of hiring ensures you get the best candidate every single time to fill a gaping hole in your business's production or operational needs. The other way? You might get the best candidate for the role, but it might not be in a crucial role. This can lead to over hiring and a massive drag on your business. A lot of smart and well-run businesses can over hire, and you need to be one your toes not to, but a situation where you have too many employees can lead to a crisis in staff morale as well as mass redundancy. Over hiring is not a good problem to have and can cripple a business and drag it screaming into bankruptcy. The right way of hiring? Only out of necessity. Of course, hiring isn't the only part of the employee journey. Employee's need to be treated well, or you could face a tribunal with a mistreated employee. Even worse? An employee might not even bring an issue up and simply allow it to degrade their productivity. Employees are not mindless worker drones; they do need to be treated right. They do need to be treated like a person. Ensuring that your employees feel valued will ensure that your business is productive.
There is a right way to run a business and a wrong way - what way will you choose? There should only be one option.