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Why You Should Prioritise People Over Profits

Why You Should Prioritise People Over Profits

November 18, 20233 min read

For years, many entrepreneurs and business leaders have traditionally put profits at the forefront of their goals. That’s because, historically, business success has been measured by financial metrics. Profit margins, revenue growth, and bottom-line figures have been the primary indicators of a company's well-being. While these metrics are essential, focusing solely on them can lead to neglecting the very foundation of a successful business—its people. 

However, a profound paradigm shift is taking place. People are now being placed at the centre of the equation. This is great news! 

The shift isn't just about ethical considerations; it's a strategic move recognising the symbiotic relationship between people and profits. This article explores the transformative power of putting people before profits and how it can redefine your path to time freedom. 

 

The People-Driven Paradigm 

Time freedom isn't just about having more hours in your day; it's about creating a balanced and fulfilling life. To achieve this, it's essential to recognise that your team, clients, and community are the cornerstones of your success. A people-driven paradigm acknowledges the following: 

EMPOWERING YOUR TEAM. Your employees are not just cogs in the machinery. They're vital contributors to your vision. When you prioritise their growth, well-being, and job satisfaction, you create a motivated, loyal, and efficient team that can help you delegate responsibilities and free up your time. 

BUILDING CLIENT RELATIONSHIPS. Clients are more than just revenue streams; they are partners in your journey. Prioritising their needs, ensuring satisfaction, and fostering trust can lead to long-lasting client relationships. As a bonus, satisfied clients are more likely to refer your services, reducing the need for costly marketing efforts. 

NURTURING A SUPPORTIVE CULTURE. A people-centric approach also fosters a workplace culture that values collaboration, diversity, and inclusion. When your team feels supported and valued, they're more likely to be innovative and invested in the company's success. 

CONTRIBUTING TO YOUR COMMUNITY. You must recognise that your business doesn't exist in isolation; it's part of a broader community. Engaging in socially responsible initiatives and giving back can enhance your brand reputation, attract socially conscious clients, and create a sense of purpose for your team. 

 

Putting people before profits isn't just a moral stance; it's a strategic one. When you invest in your team's development, prioritise client satisfaction, foster a positive culture, and engage with your community, you create a business that can thrive with less of your direct involvement. 

So, when looking for more time freedom, don’t define success solely by financial metrics. It's as much (and possibly more) about creating a harmonious and fulfilling life where people—your team, your clients, and your community—are at the core of your journey. By embracing a people-centric approach, you're redefining success and building a business that can flourish without consuming all of your time.  

Are you ready to learn more about why you should prioritise people over profits? 

Then connect to The Time Alchemist. 

Click here to learn more a about Time Freedom Alchemist Courses and find out how to book on our mindset course  

 

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Tracy Irwin

Tracy’s business career took off at age 21 when she joined a small electrical contractor taking care of the day-to-day running of the office. In just a couple of years, the firm grew from 12 electricians to 150 and became so successful that, in 2006, it was bought out by a much larger organisation. While it was great news for the company, Tracy felt like sobbing! Because she knew it was highly likely someone would take ‘her’ accounts away from her, and they did. Her role changed to Contracts Manager … a great job with lots of responsibility, but she missed her previous position’s financial planning and detail. During this time, a friend asked Tracy for help with her payroll, and it was this request that gave Tracy the idea of offering a payroll service to small businesses that would be cost-effective and time effective. She established self-employed status to keep everything above board and began her ‘part-time entrepreneurial life’! A passing comment by her boss that her payroll business was “a nice hobby, but she’d never make a living out of it” fuelled her determination to make it work, and she decided it was time to take the plunge: she gave up her full-time job to focus on her payroll and accounting business. With the help and support of her mum, she formally launched TI Accountancy into the South Lakes & Furness business community in 2002. The last two decades have been spent growing TI Accountancy. With her thirst for knowledge, progressive attitude and the support of her team, especially her directors (two of whom began as apprentices), she prides herself on ensuring the company’s policies are modern and forward-thinking. It’s crucial to Tracy that the business continues to adapt and grow, leaving a valuable imprint on the business community they serve for years to come. Tracy now fulfils her role in the business from her home in Spain and remains open to fresh ideas and methods of working and new ways of helping their fantastic clients. She’s also studying for a degree. That still leaves time to act as a trustee for two charities: Women’s Community Matters, which offers a variety of one-to-one support, courses, activities, support groups and access to specialist services for vulnerable people. And Sisterwood, who, in a forestry setting, provides an educational programme to young adults who identify as female and whose mental well-being affects their daily life. Time is also found for creativity, and her hobby of crochet allows her to make gifts for loved ones’ babies and donate handmade gifts to charities to raffle. When she’s not busy doing everything mentioned, Tracy loves walking with her partner, Gerard, and dogs, Pixel and Bentley and welcoming family and friends into her home for a well-earned break.

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How Tracy has helped other clients ...

Ashley Leeds


As a business coach myself, I know the benefit of working with someone to keep you in check. Tracy is that person. I'm a busy guy with so many things grabbing my attention and with my disposition to help people, my business has grown, but more by luck than engineering.

With over 30 years of sales experience, you'd think I'd have that part of my business nailed. Sadly not.

But working with Tracy has helped me to overcome my barriers to being a sales guy in my business which has seen a step change in not only my attitude but my new sales and pipeline. We have also implemented a new sales process and my funnel is properly focussed with awesome calls to action.

Tracy is patient but thoughtful with her questions and she pushes me when I need a kick and is there for me when I need an idea or a nudge.

Since working with Tracy, my business has grown, my prices increased and I am confident that the prep that we have put in will see me smashing my goals.

On top of that, with her awesome ideas for being super smart with time I am finding I have more time in my business and I have learnt to say no.

Working with Tracy has definitely had a transformation for me. Even my friend noticed the way that I was talking about my business and the new spring in my step.

Tracy is awesome. If you get a chance to work with her, grab it with both hands and you'll not regret it.

Dr Chris Wood

Tracy has a special ability to help decide the complexities of running your business and the numbers that come along with that. In a nutshell, her coaching has not only helped me run my business more efficiently and intelligently but also helped me gain control of running my business again so it doesn't run me!

Antoine Marsden


Tracy is the lighthouse that will show you the rocks when you are likely to run aground but will also keep you safe when you are tired and weary from looking over the finances in your business. She helps you to expand your thinking and gives you scope to visualise how you want your business to look and she will help you make it reality.

I can honestly say I have never met an accountant who will add such huge value outside of doing the numbers for a business. She is thoughtful, kind, flexible, forgiving and nurturing but she will pull you up when you need it and tell you things that you might not want to hear, but have to.

She is a fantastic person inside and out, and I can't see me working with another accountant Don't hesitate to hire her for your business or to help you manage your own finances. She's the best investment you will make.

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