Franchise Update Magazine Issue I, 2013 | Page 18

Grow Market Lead Leadershipguru: Cartridge World A Vision of Success Strong workplace values drive growth culture By Bill Swanson A strong leader needs to define their vision for success, effectively document it, and communicate it over and over again. We have two jobs: 1) providing the tools, systems, and products for our current stores to succeed; and 2) spreading the Cartridge World message so more entrepreneurs join our franchise. Motivated entrepreneurs who seek a path to fulfill their financial goals and are able to communicate the value of a product and service will succeed. We are reinvigorating both our current business support systems and franchise development efforts with the help of focused internal and external people power. We have partnered with a very strong franchise development organization to jump-start this process. 8 values driving success Defining, communicating, and living specific values create the culture of an organization. At a company earlier in my career, we took the time to discuss and crystallize our values. To this day, they remain an important influence on me, and on Cartridge World’s daily business decisions. 1. Customer service. Serve the cus- 16 Franchiseupdate Iss u e I, 2 0 1 3 tomer in a way that you would want to be served as someone else’s customer. And if you’re not directly serving the customer, you had better be serving someone who is. The true test of a company is its ability to respond appropriately when things don’t go well. (It’s easy when everything goes well.) 2. Hard work. Nothing good comes to those who are lazy or only wish for good things. 3. Accountability. Clearly defined and communicated roles, responsibilities, and expectations of performance. 4. Teamwork. 1 + 1 > 2. Together, we can come up with a better answer than either of us would have come up with on our own. 5. Fiscal responsibility. Too many businesses and business people don’t have the capability to understand the financial consequences of decisions made. We always have to ask ourselves: Is this action or this decision going to create value or destroy value? What are the cash-flow implications in the near term, medium term, and long term? How is our capital structure affected by this decision? 6. Integrity. Without integrity, nothing else matters. It is the foundation on which the house is built. It is the basis on which trust is formed. 7. Continuous learning and improvement. Formally and informally, we should be learning each day. Sometimes we learn by our mistakes. I like to say that the only person who doesn’t make mistakes is the person not doing anything. You just don’t want to make the same mistake over and over. 8. Empowerment/enablement. By sharing the vision, understanding capabilities, and creating an environment that rewards initiative, much greater outcomes are created than by trying to control the processes. Managers control processes. Leaders provide vision and inspiration. Additional success factors 1) The business proposition. Cartridge World sells remanufactured laser and ink printer cartridges, printers, and related products. The business model is successful because it is so logical. We sell products that are consistently used in nearly every b