Managing a business should not focus on providing financial capital alone. You must also invest in your people and management team if you want your business to propel forward towards your goals. An effective business team can make things happen in the least number of steps, the soonest possible time, and yet still provide exceptional quality work.
If your team members stay proactive and work as one despite the diversity of skills and knowledge, you can be sure that your business will succeed beyond expectations. So how do you improve your business team?
Go for smarter people
Any wise boss will agree that hiring intelligent people, even if they prove to be smarter than the boss, is a great way to have a strong and well-informed team. Welcome the individual skills and knowledge that each team member brings in to the company and demolish any feelings of insecurity that may creep in.
Delegate tasks
Some managers tend to do the important tasks on their own in fear that delegating may result to failure or less than desirable results. Remember that a good leader is deemed effective if he produces future leaders. Let your people learn from their mistakes. This can also be a chance for you to assess which of your members can work with less supervision.
Push for ownership
Being the boss or leader does not mean that you will be responsible for every success or failure of the team. Make each member accountable for his role, assignment, or section. Attach a reward or penalty for the outcome of their jobs.
Provide trainings
Your team will deliver better results if they are continuously armed with the latest information, tools, and technology that can support their tasks. Send them to seminars and trainings, as any investment you put in these will be beneficial for the company.
Indulge in team building activities
Bring your team out of the office for several days of fun-filled team building activities that improve teamwork, communication, and leadership. People tend to act freely in a casual setting, thus, giving your team a chance to discover new skills and develop strategies to finish tasks by working together.
Move on from mistakes
No organization is perfect, thus, expect mistakes to happen but do not let these set you back. Let the team accept that a mistake was made and at the same time study the situation to avoid committing it again in the future. Do not dwell on a minor bump. Move past it and think of solutions.
Learn to coach
An organization will always have a weakest member. Take time to coach that person and encourage him to perform by assigning as much tasks as you would give to your strongest member. Avoid focusing your attention on those who give good results. The slow runners need your attention more.
Show appreciation
No matter how small a finished job is, always find time to say “thank you” to show appreciation. This simple phrase can boost morale and confidence as any lengthy pep talk can make.
Conduct regular assessment
You can do this yearly as sort of a review of how your members have performed the previous year. List down their strengths and weaknesses, and discuss these with them. You should also take this opportunity to ask them about their immediate and long-term plans, as well as their needs to help them become effective employees.