The Science of Building a Successful Business Team
It’s very important to build a good team for your business, because you can’t do everything yourself, and you’ll need some great people working together in order to accomplish your goals for business growth and ultimate success. Here are some guidelines on how you can go about creating just the right mix of skills, character, and highly motivated people.
Have a roadmap for the future
One of the most important aspects of building a good business team is having a clear idea about where you’re going with your business, and how you intend to achieve your goals. Having those goals is important, but you also need to have a way of measuring yourself against those goals along the way, which means you need some system of metrics in order to identify whether you’re being successful or not. Establishing priorities will help everyone reach those metrics, and reminding everyone constantly about those priorities will keep everyone on the same page.
Establish a common set of values
When your team has a common set of values and a culture which lends itself to achievement of goals, you’ll have an environment which is conducive to success. But it is not enough to just establish this culture, because it has to be adhered to by everyone on the team in order for it to be truly effective.
Cultivate mutual respect
Everyone on your business team will be more productive and more motivated when they feel respected by the boss and by their peers. That means you as the overall head of the company have to trust your team, and avoid the temptation to micro-manage. You also have to set the tone for everyone else to respect each other as people and as fellow employees.
Make everyone accountable
Treating everyone with respect will only work well and hold up over a period of time, if everyone is held accountable for their specific roles and contributions. If some people are not in step, or consistently fail to meet expectations, respect will gradually subside, and the team will be weakened. Accountability is a necessity so that everyone understands their contribution is critical to the overall success of the business team.
Part of your business team – 8th Street Capital
One important part of your business team should be your financial consultant and lender. Contact us today to find out how we can help you achieve your goals for business growth and future success.