4 tips for sustaining companies’​ long-term

This week’s TIP OF THE WEEK comes from Vistage Staff, 4 tips for sustaining companies` long-term. Braydan Shaw, president of Burns believes firmly that “The Western spirit is what has led his company to launch in 1876 and why it continues to thrive 146 years later”. The Western spirit is what has led his company to launch in 1876 and why it continues to thrive 146 years later.

The oldest same-family-owned western retail business in the world, Burns, a sixth-generation company that Launched in 1876.  

“The spirit of the West is an attitude, a mindset that change can bring about a better life” notes Braydan Shaw, president of Burns. 

The Burns story — from then until now — demonstrates four key tips that are critical for any business interested in sustaining long-term growth. The article goes over these four key tips offering readers a fresh but historical-packed perspective.

1. Be flexible enough to pivot when necessary

2. Implement a culture that represents your brand values

3. Be intentional in your hiring and how you invest in your people

4. Make sure everyone feels heard  

Having a culture that reflects what matters to a brand is pivotal to long-term stability. Shaw’s descendant, Miles Lamonie Burns, first established and opened up a retail shop near Torrey, Utah, more than 200 miles south of Salt Lake City and 20 years before Utah officially became a state.

“When we have problems, we’re able to lean back on our ancestors and find answers,” he says. “Keeping that history alive and telling those stories helps us have gratitude for the past and put things into perspective.”

A great read, filled with a flair for history and a cultural business mindset. Well worth the read – I highly recommend it.