12/23/2021 Tip: Expertly Managing Your Team

Today’s Quote

“The best mental effort in the game of business is concentrated on the major problem of securing the consumer’s dollar before the other fellow gets it.”
~ Stuart Chase

 

Today’s Tip

Your job as a manager doesn’t stop once you’ve recruited a great team. Rather, you need to expertly manage them. We see this in sports all the time; one team has incredibly talented players, but they still don’t win the championship.

Key to your company’s performance is motivating and managing your employees so they work collectively as a team and are highly productive.

Among the many techniques for accomplishing this, here are two of my favorites:

  1. Let Your Employees Set Goals for Themselves
  2. Employees will perform much better when they’ve set their own goals, rather than goals being dictated for them. So, have each employee set goals. Then review those goals with them. As needed, persuade them to modify their goals to better align with company goals. Even when you do this, they will feel personally accountable for achieving their goals.

  3. Conduct Performance Reviews
  4. If you don’t meet with employees and review their performance, they won’t know whether they’re doing a good job or not. So, meet with your employees periodically to discuss their performance versus their goals, detail what they are doing well at, and identify areas for improvement and your suggestions to achieve such improvement.

Your Team Allows You to Win the Game

We all face competition in our businesses. And the difference between the winners and losers is often the quality of the teams.  Clearly, if your marketing manager is better than your competitors’, and so is your sales team, your production team, etc., you’re going to win every time. So, focus on building your dream team so you emerge victorious.
 

Today’s Resource

Are You Working Too Hard? 

If you’ve been working really hard but your business still isn’t growing fast enough, then I’m sure you already know there’s a problem.

Here’s the solution <– 

To build a truly successful business, you simply can’t do it all yourself… 

Instead, you need to build your “Dream Team.”

With the right team in place, you’ll multiply your efforts and grow your business faster (while avoiding burnout). Building a team (the right way) is the only answer for long-term sustainable, profitable business growth.

And I created this training to show you step-by-step how to do it right, so you avoid all the common mistakes.

 

Trivia

Today’s Question: In 1968, Dr. Spencer Silver, a chemist at 3M in the United States, developed a “low-tack”, reusable, pressure-sensitive adhesive. A person named Arthur Fry used it to develop something which is commonly used today. What is it?

Previous Question: Apple Inc. was started by three people: Steve Jobs, Steve Wozniack, and who else?

Previous Answer:   Ronald Wayne.

Ronald Wayne was the lesser known Apple founder. He unfortunately sold his shares for $2300.
 

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