How to and Importance of Building a Successful Business Team

Every successful business first starts with building a successful  business team, therefore building a successful team of like-minds must be compulsory for any business entrepreneur who wishes to perform better in his / her business.

If you need a sucessful business, you definitely do need to create a successful business team or group of people to work with you to assist you in achieveing the business success you desire.

Building a successful business team of like-minds does not only increase the chance of your business striving, it also enables everyone within the team to contribute his or her own professional knowledge into the business inorder to ensure the survival and growth of the business.

It will also reduce your workload as the owner of the business as the entire role will be splitted according to different job roles created within the business.

Building a successful team is about more than finding a group of people with the right mix of professional skills. Over the course of interviewing over 500 leaders for Corner Office, I asked them all about the art of fostering a strong sense of teamwork.

Their insights can help you lay the groundwork for a highly productive team that can communicate, cooperate and innovate in an atmosphere of mutual trust and respect.

How to and Importance of Building a Successful Business Team

Successful entrepreneurs understand the importance of building a successful business team and the great results and achievements that comes from team work which is why hardly will you find a big organization or company with only the owner operating the entire categories of the business alone.

He or she must always have a team of people to back up the visions and missions of the company inorder to achieve their desirable results and goals.

Below are some guides to help you get started:

Hiring Well Isn’t Enough

 “If you have more than three priorities, you don’t have any.” — Jim Collins, author of the best-selling management books “Good to Great” and “Built to Last.”

If you ask enough top executives about their leadership style, you’re likely to hear a number of them say, “I hire the best people and get out of their way.” It’s a good line that makes sense at a certain level. Hiring the right people is the most important part of building a strong team, of course, and delegating to give people more autonomy is a powerful motivator.

But managing a team is not that simple. Leaders have to play a far more hands-on role to make sure the group works well together and remains focused on the right priorities.

Although the importance of building a successful business team cannot be overemphasized, there are six main drivers for creating a strong culture of teamwork – the things that, if done well, have an outsize impact. And the insights are applicable to any team or organization, from five people to 500,000.

Read Also: How to Fuel your Business Growth through User Experience

Create a Clear Map

Leaders owe their business team members an answer to the same question that young children often ask their parents before setting out on a long drive: “Where are we going and how are we going to get there?” In other words, what is the goal and how are we going to measure progress along the way?

How to and Importance of Building a Successful Business Team

Business Team Members

And that may sound simple, but it is often one of the greatest challenges that teams, divisions and companies face. What does success look like? If you were to set up a scoreboard to track success over time, what would it measure?

The trouble often starts when business team leaders start listing five or seven or 11 priorities. As Jim Collins, the author of the best-selling management books “Good to Great” and “Built to Last,” is fond of saying: “If you have more than three priorities, you don’t have any.”

Determining these priorities and how they’re going to be measured is arguably the most important job of a business team leader because most of the work that everybody does will flow from those goals.

Those priorities have to be lined up as carefully as the trajectory of a rocket launch, because even the slightest miscalculation can take a team off-course over time.

Have a Shared Scoreboard

Another benefit of having a simple plan is that it creates a shared goal that will offset the tendency of people to identify themselves as part of smaller groups. Think of a football team, for example.

There are many “tribes” within a team – offense and defense, linemen and receivers, running backs and defensive backs. But because the goal of the team is clear, and there’s an external scoreboard to track progress, there is a greater sense of “us” on the team than the “us and them” dynamic that can often divide colleagues in companies.

“Metrics are actually the way that you can harmonize a large number of people, whether it’s dozens or even thousands,” said Adam Nash, the former chief executive of Wealthfront, an online financial management firm, who is now an executive in residence at Greylock Partners, the venture capital firm.

That way, he added, “when they’re on their own and making their own decisions, they can be empowered to make those decisions because they know they’re aligned with the rest of the company.”

In the absence of that simple, shared scoreboard, people will make up their own ways to measure their success, Mr. Nash added.

“If you have a company where everyone has their own ways of keeping score, you’ll get incessant fighting and arguments, and they’re not even arguing about what to do,” he said. “They’re arguing about how to keep score. They’re arguing about what game we’re really playing. That’s all counterproductive.”

Read Also: 5 Ways How your Thinking Can Fuel your Business Growth

You May Feel Like a Broken Record

Once you have a simple plan, you have to keep reminding your team of the priorities, even if it can feel repetitive. People often have to hear something a few times before they truly remember it. Marc Cenedella, chief executive of TheLadders.com, a job search site, shared a good rule of thumb:

“You say something seven times and they haven’t heard you,” he said. “Until they start making jokes about how often you repeat it, they haven’t internalized it.”

Now let us hear from your own side, what do you think and the advantages and possible disadvantages of building a business team in your own line of business? Do you believe that without a business team, anyone can still run a successful business?

Do you have further questions, suggestions, advice or any other form of suggestions? Kindly use the comment box below for all your contributions.

You are also enocuraged to kindly share this information with your loved ones if found useful enough as we cannot reach everyone at the same time. Thank you

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