What are “must-haves” VS “nice-to-haves” in business? The art of prioritizing resources

In the professional sphere, it’s crucial to know the difference between “must-haves” and “nice-to-haves”, between basic needs and incidental requirements. In the interests of managing resources and improving productivity, this distinction is a real must for professionals.

How can you identify and manage resources effectively? Here’s a closer look at business needs and their impact on the added value of your business!

Must-haves” or “essential needs” in business

The term “must-have” is used to describe the essential needs of a company, in other words, all the fundamental and indispensable elements without which a professional cannot hope to make his or her business flourish.

To gain visibility, productivity and profitability, a company needs to know how to distinguish its essential needs from its accessory ones. Let’s take a closer look at the most important essentials for boosting your business.

Focus on quality infrastructures

To maintain a flourishing business, it’s essential to ensure that your infrastructures meet your company’s fundamental needs. It’s therefore essential to have a structure (offices, meeting rooms, break rooms, etc.) and equipment (computers, servers, software, etc.) that are ergonomic and adapted to the practice of your activity.

Recruit qualified personnel

Among the “must haves”, it goes without saying that you mustn’t forget your employees. If you employ staff, it’s important to ensure that they are competent, motivated and capable of carrying out the tasks for which you pay them.

To do this, you need to ensure that your employees feel at home in your organization, so that they want to play an active part in developing your business! The challenge is to motivate your employees (by being able to provide appropriate training, for example, or offer interesting tasks, etc.).

Financial resources

To successfully maintain your business, think about financial resources! It may seem trivial, but having the necessary funds to make up for any economic shortcomings is an essential element in a successful strategy!

Implement security measures

Whether it concerns your employees or your digital data, implementing security measures is a real “must-have” for any company!

Certain needs are essential to enhance the value of your business and guarantee your productivity! It’s important to take into account certain aspects (financial, legal, organizational), in order to implement an effective strategy.

Nices to have” or “accessory needs” in business

Nice-to-haves” are distinguished from “must-haves” by the fact that they represent useful elements that enhance a company’s comfort, efficiency or attractiveness, but are not crucial to its smooth operation.

These elements may concern customer or employee satisfaction, for example, but they do not represent an indispensable issue.

Implementing high-end technologies

Implementing high-end technologies, for example, can be a useful way of improving your business’s productivity, although they are not essential to its smooth running.

Offer employee wellness programs and social events

Offering initiatives to promote employee well-being is another “nice to have” that can add value to your business, although it’s not a must-have.

However, by initiating social events, sports activities and/or wellness programs, you’ll be helping to strengthen team cohesion and boost your business.

Modernize workspaces

Other aspects, such as modernizing workspaces, can make a considerable improvement to your business. Not only will employees feel more motivated, but it will also enhance your company’s brand image.

Get your VKARD digital business card

Although not fundamentally essential to the development of your business, the VKARD digital business card can be a real plus in the development of your activity, particularly in generating new customers.

What’s more, it also highlights an increasingly appreciated and valued ecological aspect.

So-called “ancillary needs” are of real interest to companies because, even if they aren’t fundamental, they can contribute to the long-term productivity of your business, by considerably improving employee living conditions or customer satisfaction. To succeed in developing your business and boosting productivity, you need to know how to distinguish between “must-haves” and “nice-to-haves”, and prioritize your needs. The key to a healthy balance and to creating added value for your company lies in knowing how to prioritize needs, in order to determine their impact.

It’s also important to be able to question yourself and your needs on a regular basis, as they evolve over time. Flexibility is therefore a real asset in determining which needs are essential and which are not/no longer.

Understanding and differentiating between essential and accessory needs is crucial to maintaining an effective development strategy within your company. Must-haves”, or essential needs, are a reflection of a high value-added, sustainable business, while “nice-to-haves” are an asset and an effective means of improving productivity and achieving certain objectives. To a certain extent, these needs are complementary and inseparable.