Define Core Values to Create a Balanced Life
As a business owner, it’s vital you establish core values to inform others of what’s most important in your business. Remember to balance the core values in your personal and entrepreneurial life to experience:
An effective work environment
Improved company culture
Personal satisfaction
Remember, when defining your core values, focus on both the values and beliefs you want your business and team members to exude and how these values align with your personal experiences.
What are core values?
Core business values are the ethics or beliefs that govern:
You
Your business
Business processes
Team members
Your business core values may leverage experiences from your:
Family or friends
Personal life
Previous work experiences
When re-examining your core business values, enlist the support of a professional business coach. Your beliefs and ethics are essential to the continued success of your business, so you’ll need to ensure that the personal and business core values complement each other.
Types of core values
To balance your core values, start by defining them. Identify at least five to six organizational core values.
Here are a few to get you started:
Authenticity
Dependability
Determination
Diversity, Equity, and Inclusion
Honesty
Integrity
Professionalism
Respect
Responsibility
Quality
Service
Benefits of core values
There are several benefits associated with defining your core values, which can enhance your business practices and stimulate your personal life. When done correctly, balancing your core values can result in:
Decreased employee turnover
Enhanced decision-making processes
Increased employee productivity
Positive work environment and culture
Strong core values are the essence of any successful business. If you’re having trouble establishing your core values contact Sammi@MelanatedBusinessCoaching.com for assistance.