To understand the meaning and importance of a dream team, use this handy acronym:
T E A M – Together Everyone Achieves More.
As every successful entrepreneur knows human capital is the greatest asset of any business. A dream team makes it possible to accomplish the business’s overall objectives, be more productive and ultimately more profitable. But more importantly a great team in place frees the business owner up to concentrate on further growth.
The first step in finding your dream team is to realise that the staff you get are the staff you deserve. This means that the staff you employ is a reflection of either your ability or your inability. The people you attract into your life are a mirror of where you are in your own life. If you are a skilled business owner and a great leader you will attract great people to work for you. Then when you get to this level, it’s rarely necessary to look for people: they usually look for you. All too often it’s the business owner who is the weakest link in the chain of command.
Business owners complain that their sales team is not professional enough but often they refuse to provide adequate sales training or attractive incentives. Others think that if their employees would just be more productive and make fewer mistakes, revenues and profits would increase. However, these same owners have no adequate systems in place to help eliminate human error or maximize efficiency.
Here are four factors that contribute to the success and synergy of a well-rounded team:
- Unleashing the Power of Vision
Before you place a recruitment advert, clearly define a vision statement for your business so your team can all play by the same rules. Without one, a business is like a society with no culture.
- SMART Goals
Achievement depends on the underlying infrastructure of clearly defined and realistic goals. Goals offer direction to keep the team focused on the mission and vision of the business. Goals should adhere to the acronym for S M A R T: Specific, Measurable, Achievable, Results-oriented and set within a reasonable Time frame.
- Rules of the Game and Action Plans
Define boundaries and areas of quantifiable responsibility so that your team know their unique and specialised roles to prevent unnecessary overlap. Provide an action plan. Give each new employee an appropriate title, a written contract, a detailed job description and line of reporting.
- Risk Taking
Business teams are like trees – they are either growing or dying. Without being open to some degree of healthy risk, it’s impossible for a team to flourish and push the limits of creativity and performance.
Putting all this altogether plus supporting your team with tools, training, technology and systems will free you up to operate your business from a distance and concentrate on your next profitable venture.