During the start of a business, most of us are more concerned about the flow of money that the business generates. But unknowingly, we ought to ignore one of the most basic reasons for a positive cash flow and that is having the right people to work for you. Mina Ebrahimi is very serious about this aspect and she makes sure that her staff is always empowered. This is one of the reasons why she has such a loyal and dedicated workforce, having been into 19 years of business. She has always been generous in giving back to her staff and has never lost the sight in doing so. And she goes on to say that it has paid her off in a lot of ways.
She stresses the need of treating your employees properly in order to achieve greater leaps in business. It is your staff that makes your business grow from few hundreds of dollars to maybe millions of dollars or more. Hence it is important that you always keep your staff involved while concentrating on newer ways to scale your business. According to Ms. Ebrahimi, the smiles at her catering business is what keeps her going and gives her a sense of pride and accomplishment. She is a firm believer in the fact that it is employees that create wonders at the workplace and are the magical hands behind its success.
Ms. Ebrahimi also suggests that satisfied employees are likely to perform better and be there for you whenever needed. If they feel appreciated, they are likely to be more productive and contribute in a more seasoned way. This also decreases the attrition in the workplace and also augments the retention which is key to successful businesses. She mentions that retaining employees has lots of advantages; one of them is their quicker and quality delivery and the other is eliminating the time and money that is likely to be spent while hiring new candidates. She says that if your employees are happy, they are likely to promote your organization in a positive way which might assist in bringing in more talent, especially through referrals.
OSI Group is the leader in the food processing industry with presence across the globe. It has significant business in all the major economies, excellent range of product portfolio, and an enormous number of customers on the list. Since the firm decided to go for a global expansion in the early 1980s, it was storming across the globe and expanded its product diversity quickly. OSI Group was listed as 58th in the Largest Private Companies in America list prepared by Forbes in 2017. Forbes noted that the Aurora-based company made a revenue of $6.1 billion in the fiscal year ended by December 31, 2016. It also added that the firm which founded in 1909 has over 20,000 employees.
With its high-quality product portfolio, excellence in the processing, best-in-class delivery, and more, the firm has won many industry recognitions and awards. In 2016, the OSI was chosen as the winner of the Globe of Honor Award from the prestigious British Safety Council. The Council has noted that the firm could showcase excellent management of environmental risks. In order to get the Awards, OSI surpassed the audit scheme of the British Safety Council by end-to-end environmental management. The award is also considered as the certification for top-notch quality and safety.
OSI Group is also known for right market strategies to diversify its product portfolio and expand the business across geographies. Acquisitions were one of the best tools used by OSI to go beyond borders and add more product offerings. Especially after 2000, the firm completed numerous acquisitions across the world that gave it a significant presence in all the major markets. In 2016, the firm made a significant acquisition that helped it to expand its presence in Europe. OSI Group announced in mid-2016 that it acquired Baho Food, a prominent maker of convenience food from the Netherlands.
Interestingly, Baho was operating in 18 major European countries under five subsidiaries. It had processing plants in the Netherlands and Germany. While declaring the transaction, David G. McDonald, the CEO of OSI Group, confirmed that the deal helped the firm to increase its processing strengths to serve the demanding customers of Europe. In the same year, OSI also acquired a food processing plant, including a warehouse, of Tyson Foods in Chicago. The deal worth $7.4 million was closed in June 2016. The takeover that included nearly 250 employees of Tyson was deemed to ensure the infrastructure support for the growth missions of OSI Group in North America.