At this time in my life, virtually everything I do is a team effort. In my personal business coaching, public speaking and career coaching I have a team to support me. But, when I was younger, I used to try to do everything myself. Or, as my businesses grew, I would try to know everything in detail about all aspects of the business even though I had turned over many aspects to my team members.
The truth is that this approach held back my growth as a self-employed business owner and the growth of my business. Small business growth and small business success are about developing a good team. Any business that grows has a team or teams supporting that growth.
Team Means Letting Go
For most self-employed business owners, entrepreneurs or solo professionals there is a huge focus on control. Yet as their businesses grow they still bring the mentality “I’m going to have to do it if it is to be done right.” They hire people and build a team but they are disempowering them at the same time.
How? They don’t trust them. The number one cause of team dysfunction is lack of trust. The little secret of growth is this. You have to let go in order to grow. To let go successfully, you must have systems and processes in place where all team members can be held accountable.
Team Means Amplification
In my personal business coaching practice, my team makes me better than I am. When I recognize a situation with a client that needs to move forward very often I bring in an expert. A good example is in the area of human resources. As a small business grows it must have an employee handbook, performance reviews and policies and procedures.
When that is needed I bring in an expert in human resources to assist with the process. She is part of my team. And, at the same time, she amplifies the value I bring to my business coaching clients.
How does she do that? She makes me better than I am. As part of my team she multiplies my value to others. And most importantly, she enables me to focus on what I do best, business coaching where I am focusing on creating and designing the pathways my clients want to have the future they desire.
Your Team Is Your Financial Nest Egg
for the future is just like developing a financial nest egg. It may start slowly, but what you pout in brings a high return—similar to the way compound interest works with finances.
How does my team help me build that nest egg? I have an organization that does my SEO work which helps my websites rank higher which in turn brings me business. My accountant keeps track of and keeps me on track financially.
My team and the team you can develop will do many things. Your team can give you more time. Your team can represent you in things such as the example I gave in human resources. Your team can provide a sense of community. And most importantly your team can help you fulfill the desires you have for the future you want to create.
Develop your team and watch the law of the team work for you.