Tuesday, November 11, 2014

The Buck Starts Here

Harry S. Truman, the 33rd president of the United States had a sign on his desk that read: "The Buck Stops Here". There was no mistake who was in charge, who would make the final decision or who would take ultimate responsibility should things go right or wrong during his administration.

Okay, now we know where the buck stops. But where does the buck start?

If you are in a revenue generation capacity and everyone in business is either directly or indirectly serving in that capacity, then we must accept that revenue generation is our responsibility. The Buck Starts With Us and those around us.

Before the buck can make its way into your pocket, it has to start somewhere and typically that beginning is centered in the mind of someone who has a great idea that can be executed well and satisfy a need.

After the great idea is adopted, the bucks necessary to make it a reality take a fairly predictable path. The buck moves from the conceptual stage, then to the number-crunching stage, then to the planning stage, on to production, to marketing and then to the selling stage and then to the collecting stage, then and only then, to the pockets of everyone involved.

The number of bucks you get is determined by the level of involvement you have in the process. If you want to make more bucks, get more involved. Your involvement may manifest in many ways including: the person who had the idea, the person who improved the idea, the individual involved in the planning or the processing, or the production, marketing, selling or the collecting. Your level of productive involvement may not result in immediate monetary gains, but the knowledge you gained by making your contribution will ultimately lead to increased earning opportunities resulting in more bucks for you!

You are either directly involved in generating bucks or you are directly involved in making designed efficiencies work, resulting in saving bucks. With either scenario, you are involved
in the ownership of making the company work better and make more bucks. The Buck has to start somewhere and it might as well start with you and everyone around you.