Speaking
simply as one businessman to a group of others, Mayor Bob
Lenox shared some of his personal business philosophy to
the crowd of some 200 at the Peachtree City Rotary Club's
annual luncheon for its phone book advertisers.
The Rotary
phone books are scheduled to be delivered in October. The
club announced at the luncheon that distribution would be
increased 25 percent this year, to 40,000, and
advertising revenue is also up 25 percent.
Taking
advantage of a prime opportunity to talk about something
besides city issues, Lenox drew on his experience as sole
owner of a national company for his remarks at last
week's luncheon, entitled "Three Things I've Learned
About Business."
Starting in
1982 with his former partner, $75,000 and four paid
employees, Lenox has seen Continuous Forms & Checks
grow to more than 400 employees and over $40 million in
annual sales, with eight locations across the United
States.
The company
went operational in October of 1982, made a small profit
in December of that year, and has been profitable ever
since, Lenox said. It is now one of the top forms
manufacturers in the country.
Throughout
his speech, Lenox stressed the importance of each
businessperson's reputation, especially when dealing with
others in the community. "Your reputation can work
for you or against you," he said.
His company
tries to buy within Fayette County whenever possible, and
it only takes a few phone calls to find out the
reputation of a local business, he noted. This tied in
directly with the first of his three main points: Make
sure every undertaking is a win-win situation for
everyone involved.
The second
item was short and to the point: Trust your employees.
People who feel that they must manage every aspect of a
particular operation will be unhappy and make their
employees unhappy as well, Lenox said.
"If
you are burned or disappointed by employees, don't become
cynical or use the `kindergarten' approach [punishing
everyone for one person's doings]," he added.
"By trusting people, you all can pick each other up
when necessary."
Lenox also
emphasized the importance of knowing and being
comfortable with the numbers of one's particular
business. Before taking a business risk, the parties
involved should be thoroughly familiar with the financial
forecast no matter what the outcome, he said.
"Unless
your business is your hobby, you're probably trying to
make it grow," Lenox said when pointing out the
importance of knowing what's working financially.







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