Many studies look at reasons businesses fail. Business education teaches the nuts and bolts of accounting, marketing, technology and human resources, along with other topics. I like to look at what makes a business successful. One of the most important factors is the people. Do not forget that people are an asset to your organization. The people are your team. It’s critical to have the right people on your team.
When it comes to business, we tend to go solo. We step out on a wing and a prayer and hope for the best. We may take the time to sketch out a business plan. However, we don’t always have a people strategy. This means more than just the people on the team who sell and deliver your products and services. Consider those with the wisdom you need to avoid the “normal” potholes of running a business.
I call them my Fab 5 Board of Advisors. You can call on them for wise counsel when needed. Your investment in these relationships has a positive impact on your company sustainability. Let me introduce you to them.
As entrepreneurs, working alone can have its challenges and, if unchecked, can sabotage all the amazing work you’re doing. It can lead to self-doubt that can undermine your entrepreneurial dreams. One of the best ways to keep this from happening is to build your own success team that supports you, provides valuable insights, inspiration and motivation as your business grows and evolves.
TWIB Radio with business strategist Debbie Quintana of Women’s Networking Alliance and Gourmet Gift Baskets. Learn how to grow your business (and keep your sanity!) through building a team and delegating.
When I started my business, there was very little help was available for small businesses in my industry. I learned a lot on my own. I want to help you avoid the many mistakes I made. With these simple tips and tools, you can create a thriving business to be proud of, maintain a loyal team, gain longevity, boost company cultural morale and lead well.
BE PRESENT! In any industry, it’s vital that YOU, as a leader, are present! It is not enough to be present in ownership and title, and to occasionally be there physically. To be effective, you must lead by example physically, mentally and socially, and to be emotionally invested in your industry. It’s difficult to lead your team without mutual trust, loyalty or respect, and you can only gain these by building strong relationships within the company. Continue reading “BIS Smart Tip”
In a recent article, I introduced building and leading your team. You were asked to consider your virtual team, such as accountants, a marketer or graphics designer, a banker, an attorney. Even solo business owners have a virtual team. Often the first virtual team members you hire are for tasks you literally can’t do or must do for legal reasons, like taxes and transferring money. Who’s the next person to bring onto your team?
As women we hear often about the importance of taking care of ourselves, by making sure we exercise, get enough sleep and eat healthy. As women entrepreneurs there are other self-care to-dos we do not talk about enough. Here are three women in business ideas to review and see what you can do to take better care of you and your bottom line.
Stand Up for Your Business
As women we are raised on the idea that being nice and agreeable is the way to be. As a woman on a mission, I am sure you have found that nice does not always get the job done. Standing up for your business is like speaking up for yourself. Be sure you are letting your team of vendors know when something is not working. People cannot do better if we do not tell them we need something different. Is there a place you need a better result?
Expect Excellent Service
As a business mentor to women I often hear stories of vendors who vanish or contractors who act like they are doing a favor by working on a project. Make sure you are expecting excellent service from who ever you are paying and if you are not getting great service, ask for it. If you still do not get it, find another solution, you deserve it.
Communicate Your Expectations Early
When starting new relationships with team members or new vendors, sometimes women are unconsciously focused on being liked and being perceived as easy to work with, rather than being clear about what the expectations are. If you have an expectation that every task is completed or every call returned within 24 hours, say that. The clearer you can be about your expectations the better your business will go.
Take care of yourself by taking care of your business. One of the ways you take care of your business is taking a few minutes to take advantage of all the TWIBC resources we have for you. Visit: www.twibc.com for more great articles, event listings, expert interviews and more.
One of my clients recently told me her manager accused her of collaboration with a co-worker. She was reprimanded for inviting another employee to tea on a break. Her manager felt communicating with other staff would distract her. As a leader, I’m thrilled when co-workers get to know each other. After all, every person working for an organization should be pulling in the same direction, right?
Some business owners forget to step into leadership as chief executive officer (CEO). Small business owners wear many hats and feel scattered as they switch from bookkeeper, to marketer, to salesperson, to janitor, and forget the CEO hat. This is the most important hat. The CEO is responsible for many aspects of the business. Continue reading “Is Your Team All Pulling In The Same Direction?”