How to Grow and Prosper: The P4 Model for Growth & Prosperity™

by terrywelford

in Communication, General, Leadership, Productivity

Over the years, I’ve worked with many different types of clients – Fortune 500 corporations, small start-up businesses, colleges and universities, nonprofits, professional service firms, and solo-preneurs – and many of these clients subscribe to this newsletter.

 

Growth & ProsperityAt times it is difficult to find topics with wide enough appeal that they span all of these categories. And yet, working with these varied individuals and organizations has taught me that all of us are seeking, in one form or another, growth and prosperity.

 

The desire for growth may be personal or professional; it may be the growth of our own small business, our own work unit or department within a larger organization, or the overall growth of the large, multinational corporation we happen to work for.

 

What about prosperity? We may think of prosperity as being a synonym for financial wealth, but it is so much more than that. The root of the word “prosperity” dates back to the early 13th century from the Old French prosperite (c. 1140) from Latin prosperitatem (n) meaning “good fortune.” Good fortune encompasses so much more than money – for example, health, happiness, good relationships and other measures of living a successful life.

 

As I thought more about growth and prosperity, one question kept popping up for me – how does one get there? What does it take to grow and prosper? It involves paying attention to four “P’s,” what I call the P4 Model for Growth and Prosperity™:

 

·        People

·        Productivity

·        Profits

·        Peace of Mind

 

People – It’s all about your Relationship Acumen™ – the ability to build winning working relationships. Whether you work for a large corporation, university, small firm or yourself, you need to work well with others – team members, staff, boss, clients, customers, vendors, partners – in order to grow and prosper.

 

Productivity – Effectively and efficiently using the resources you have available to you – for example, time, people, knowledge, information, finances, equipment, space, energy, and materials – prepares you to achieve greater and higher quality output and results.

 

Profits – Okay, I can hear those of you working in the nonprofit and higher education sectors saying, “Whoa, wait a minute – Profits??? That part of the model makes sense for corporations or entrepreneurs, but not us.” The fact of the matter is that every organization needs to be financially sound in order to remain viable, and for some organizations, the concept of being profitable can include such things as creditworthiness and fiscal responsibility.

 

Peace of Mind – This is generally a state in which a person feels calmness and tranquility, a sense of harmony with his/her present circumstances, and an overall lack of anxiety and stress. What brings peace of mind may differ from one person to another, but the end state is the same.

 

All of these four P’s are related and interdependent. For example, great people relationships, a high degree of productivity, and being part of a profitable or financially sound enterprise can lead to peace of mind. And yet I could argue that when one is in the opposite state to peace of mind – anxious, worried and stressed – it’s hard to have good relationships, it’s hard to be productive and it’s hard to be profitable. So it’s important to work on all four P’s and ensure that they are in balance.

 

To help you do so, I’ll focus on each one of the P’s in upcoming posts. Even though your definition of growth and prosperity may be unique to you, you can apply my strategies and principles to create your own formula for success. Here’s to you and what you can achieve!

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