The difficulty in operating a business
Many entrepreneurs have tried joining the competitive environment, but their efforts have failed. Millions of individuals have had the desire to own a business, but the circumstances reduce their influence. The market influence can be very strong that the individuals fail to reach the threshold to survive. With all this information, Sheldon Lavin decided to quit his job in order to start a practice. He took the risk of failure as long as he could not leave anything to chance. Later in the 1970s, Sheldon Lavin decided to try his might in the competitive market.
Venturing in one of the most competitive areas
Meat production and processing are one of the most competitive areas in the world today. The area of the venture is currently flooded with people from all over the world. China, United States, Canada and several other countries have ventured into the food industries because of their lucrative nature. The Otto and Sons Company had a huge potential in making the company compete in the global market. The fact that it failed to expand its operations intrigued Sheldon
Lavin into its purchase.
The financial skills that led to the growth of the company
By the time that Sheldon Levin was purchasing the Otto and Sons Company, there were about 500 employees. The company did not have a plan to increase the number of employees, but it was complacent with the operations. After purchasing the company, Levin did not bring in any new employees. He insisted on using the ones that had been established in the company to continue with the operations. Having worked for different companies, Sheldon understood how to handle people an influence them. He came up with new policies to motivate the works of the employees in order to improve the quality of production.
The operation as a family
From the time Sheldon Levin took over as the CEO and the President of the company, he included the employees in decision-making. He created a culture where all the employees felt like they were part of the company. The employees took personal responsibilities to ensure that the operations succeeded. Levin treated his workers as if they were equals. He made them feel respected and treated them with love. In return, the employees gave the customers their best services to improve their satisfaction. The new culture led to the improvement of the quality of services resulting in a larger customer base in the end.
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