How vast would Tesla be if Elon Musk designed every electric car himself? Or McDonald’s if Richard and Maurice McDonald insisted on deep-frying every order of fries by themselves?
You guessed it: no one-person operation is scalable, given the time constraints.
If a business is to grow exponentially, generate profit, and make an impact, you (as a business owner) cannot do it all. Instead, you have to do the steps below.
1: Think and Plan for the Team You Want to Create
And no, we are not talking about planning to hire talent when your budget increases or when you get busier. Instead, develop a strategic plan to create and define clear roles. This is a necessity for the following reasons:
- Team quality is the ideal predictor of business success. To get it right, you will need a strategic hiring process.
- There is a need to eliminate that single point of failure. Or rather, reduce the risk of losing key personnel–in this case, you. (You have to ensure that your business can survive if you fall ill or decide to take a vacation.)
- Planning for team growth also helps establish formal talent acquisition procedures. Which brings in better hires as opposed to making random and rushed decisions.
- It can also help you land talents that perform better than you. For cases where your hire has an 80% efficiency, you can delegate non-core activities, leaving you ample time to work on your zone of genius.
- What is more? Planning for team growth also boosts scalability and eliminates risks associated with building a company around a personal brand.
With time, your business will get to run successfully without you, providing you with the chance to enjoy the freedom of ownership.
2: Optimize Your Current Team
Early on, delegating could be having your assistant serve as a receptionist by receiving calls and responding to email inquiries. Optimizing your current team can help identify the multiple hats your team members are wearing alongside their skills and strengths to match them with tasks up their alley. That can, in turn, boost productivity and motivation among team members.
Optimizing your current team also clarifies what each person should do and when, making execution easier. Team members will also better understand how their roles impact the overall business goal, pushing them to prioritize activities that propel the business forward.
They will also be motivated to work together, given the common goal. Which will, in turn, boost teamwork, productivity, and accountability. And provide a natural ground for employee recognition and celebration.
Optimizing your current team will also help identify holes and redundancies in your team’s activities, improving efficiency and effectiveness.
Over time, the team will prove capable of accomplishing things without your supervision.
3. Get Clear on the Team You Need to Build to Support Your Dream
The question then becomes: how do I create such a quality team?
Well, building a team that supports your dream comes down to thinking about how growth in your company will change in the next, say, five years. Then creating and defining roles that will support the projected growth.
Our Build the Dream Team workshop is dedicated to helping with that: teaching you how to identify and map out support roles necessary to realize your dream. Join us to clarify the support roles you need to grow your business.
