Who Want’s To Be On A Winning Team?
Are you an entrepreneur that has guided your business to where it is today and you have done it on your own or with minimal assistance? You might not have done it by choice. This is especially true if this is your first business or you are starting from scratch after previous ventures.
If you are a business owner in an established company that is trying to reinvent or reorient itself (or if you are a project manager or other independent entity within a company working on a special project) it is also possible to have gotten to where you are on your own.
If you are essentially the only person operating your business, it means that the success of your company hinges squarely on you. You are able to do great things for your business, but only within your particular skill set. Furthermore, you are only as effective as far as you can spread yourself out.
It is understandable that there are times when you have to start a business on your own. You might be the only person that understands the vision you have for your company and it may take time to convince others to understand and realize the value of that vision. However, issues will eventually arise in your business that you as one person cannot resolve on your own. In the end, successfully growing your business requires assembling a winning team with the right combination of skills and experience.
This team cannot be composed of just anyone. Friends, family, and other supportive people in your life are a great boost to your confidence, can keep you going and can provide encouragement. However, they may not have the skills, experience, or heart to give you the honest criticism necessary for you to realize your goal.
This article will present you with characteristics to look for among potential members to assemble your winning team.
Passion and Investment
Important characteristics each member of your team must have are passion for your business as well as an understanding of your business vision. In a previous blog I wrote titled, “A Vision Statement: Why Your Business Needs One and Steps to Help You Create Your Own,” I mentioned the importance of establishing an overall vision. And, I even referenced a powerful four-word vision statement that Walt Disney established long ago that still is used as the vision statement for the company today. That is, “To Make People Happy.”
These are key things the members of your team must possess. If members of your team are highly talented, but are not motivated to put in the time and energy needed to make your business a success, they will not be helpful to your cause. In fact, making up for what they lack or do not do may actually slow your progress toward your goal. The members of your team have to share your enthusiasm and passion for the work if your business is going to succeed.
One way to tell if members are passionate about your business is to see if they are invested in your business. Financial investment through capital financing or underwriting costs is one way to show that a team member wants to see the business succeed. However, this isn’t the only way a person can show their passion or demonstrate that they want to see the business succeed.
Someone willing to use their knowledge and skills to complete work needed to bring the business closer to a goal, but willing to defer compensation until a later date due to temporary financial constraints in the business also demonstrates that team member’s investment and passion for the business. Samuel Adams said it best: “Give credit to whom credit due.” Good talent is hard to find. You will at times get lucky. It feels strange to get lucky. It was a few years back when I struck luck. This person and I have spent countless hours attending business and personal development functions together. However, about a year ago, I started to notice something unique about him. I have never worked with someone before who has unique qualities and traits unlike others. Anyone can say they have “integrity” (it’s never true when proclaimed). Real integrity is unspoken; it’s displayed through natural character.
This real person I am talking about is Rhoel. I am grateful to know such a wonderful person and certainly blessed to have him on our winning team.
Skill Sets and Knowledge
You possess a particular skill set that is useful for operating your business. This may come in the form of a strong understanding of business principles, management, or other key ideas governing the operations of a business. Or, your expertise may reside in practical knowledge on the mechanics and history that govern the creation of the product or service your business produces. Maybe you’re a polyglot with a strong understanding of multiple subjects that apply to your business. Whatever the case may be, your knowledge and skill base has limitations. Recognizing your limitations as a business person is, surprisingly, not a weakness. On the contrary, this is a strength.
Knowing your limitations provides you knowledge of two useful things. The first thing you have knowledge of is what you do not know. On a personal level, this gives you self-awareness of something you can work on and improve within yourself.
The second thing that knowledge of your limitations gives you is that it presents you with a goal, a standard that you need to succeed. You want to find individuals that have skills or knowledge in these areas with expertise at the level of expertise you have set a standard for. These skilled and knowledgeable individuals can help your business and can fill in the gaps in your company that you are unable to fill with your current skill set.
It is to your advantage that your team collectively possesses a spectrum of knowledge. What I mean is there should be at least one person with a strong or advanced knowledge and understanding of the processes and mechanics required to analyze and comprehend one or more of the subjects your business requires to operate successfully. If this range of knowledge is limited within the team, members can still be of benefit if they are willing to expand their knowledge by learning new skills. Having different people on board with different expertise and skill sets sets the stage for creativity to linger and for a heightened new dimension of knowledge to surface. I am a firm believer of bringing in talented people who can contribute to the team greatly through their dedication towards producing quality results.
What was said about the skills and knowledge that you lack and others possess can also be said of experience. In some cases, those possessing the skills and knowledge your company needs to succeed may also possess the experience your company may also require. Experience allows people to use circumstances encountered in the past and apply them to similar situations. The main benefit from this is to decrease the amount of time it takes to complete a task and more efficiently achieve a result.
Why this aspect is discussed separately from skills and knowledge is because skills and knowledge are not always linked to experience. Skills and knowledge can be learned in a classroom, but experience is something that is accumulated over time.
Employing experience to be successful in business may mean using a combination of experience in different ways. Some of that experience might only be accessed by hiring and paying for professional services. Other times, may require the advice of a trusted adviser or mentor willing to assist and guide you for reasons beyond monetary gain.
I grew up with an extraordinary father who was larger than life. He had a tough upbringing, though; a father that passed away when he was young, and a mother who worked 20 hours a day. He quickly learned that he had to navigate through life and find a career on his own. He succeeded in many ways (once voted “Most Colorful Character” in the 2005 Best of Las Vegas by the Las Vegas Review-Journal). Hard-learned lessons inspired him to achieve. Difficult to imagine growing up without a support system….luckily he found his way into a career that suited his personality most. He showed me that having well rounded experience allows you to be competitive, however, it is important to remember that success relies on our action and initiative. Find something you are good at doing and go towards it. Try it. You never know if you do not try.
Tunnel Vision and the Need for Outside Opinions
An intense dedication to the pursuit of your passion and your business is admirable, but there can be detrimental effects. From the perspective of health, you can over-work yourself to the point of physical and mental exhaustion. The negative effects of this are obvious and speak for themselves.
From the perspective of your business, the intense, single-minded pursuit of your business goals can increase the possibility of you experiencing tunnel vision as you work. Having tunnel vision as an entrepreneur or a business person is detrimental to your pursuits because it does not allow you to consider what is going on outside of the scope of what is in front of you. There may be helpful research in front of you that assists in developing your solution or an inspiring innovation. Staying intensely focused on one thing can cause you to miss those opportunities.
Working together with a team that is passionate about your business can help you avoid this. Having a team oriented to achieving the same cause and working alongside you opens your thinking up to others. This open mind is receptive to invaluable insights that can contribute to the ultimate success of your business and your vision. Furthermore, critiques from others allow you to take a good look at the solutions you have developed. This may provide a perspective that could indicate a flaw you might not have accounted for in a state of tunnel vision and may save you time and money correcting a flaw found too late down the road.
Concluding Thoughts on What’s Needed for a Great Team
Trying to run your company alone is not a wise decision. As one person, your limited skills, abilities, and the tendency to stretch yourself too thin will take a toll on you and your business. Performing too many activities for your business is not efficient and can hurt, rather than help, in the end.
Assembling and utilizing a team to achieve your business goals greatly increases the outcome of success for your business. Your team is composed of a group of people that are aligned with your company vision and have a passion for the work your business does. Their investment and belief in your business and its vision motivates them to use their skills, knowledge, and experience to the best of their abilities. As a result, they work tirelessly to provide useful input into your business operations and projects, hold you as well as each other accountable, and, ideally, are likely to prevent all of you from falling into mindsets and traps that can slow you down as you progress toward your mutual goals. The right team can help you do the job and see your business thrive, allowing you to reach new levels of success.
Question: What is your Vision & Mission Statement? (JCBarrier Group’s Vision & Mission Statements!)
One of my favorite “Winning Team” quotes by one of the most talented NBA players of all time: “Talent wins games, but teamwork and intelligence wins championships.” – Michael Jordan
Have a great week!
P.S: — This is our “Winning (Leadership) Team!” 😎