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5 Ways Startup Founders Can Become Team Players and Grow Their Businesses

by SB Crypto Guru News
August 27, 2024
in NFT
Reading Time: 4 mins read
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Opinions expressed by Entrepreneur contributors are their own.

As a seasoned performance coach with over two decades of experience working with business owners, I have witnessed how frustrated many business owners are that their startup isn’t growing as quickly as it should or seems to have stagnated in its growth. One common factor that often stands out for such entrepreneurs is their lack of the attributes of team players.

Your business can only grow to the extent that your abilities as a team player grow, and my experience has shown that cultivating the following five attributes can make you a team player who is well-positioned to see your business grow.

1. Welcome and build on your team’s ideas

As a business founder, you may have the burning desire to bring your vision for the business to reality, but business success will not entirely depend on you alone. You need input from your team, and their ideas can be the difference between mediocre business performance and successful steering of the business to higher levels.

Create opportunities for team members to share their ideas. Brainstorming sessions, weekly meetings and problem-solving sessions can be fertile grounds to get input from the team. Evaluate the ideas generated and find ways to implement those that show the potential to advance the goals of the business.

2. Coach your team

Google did a study and found that the best managers and leaders have coaching skills. However, most people confuse coaching with mentoring. Coaching and mentoring are not the same. Coaching is about unlocking the potential in your team. Mastering coaching skills enables you to do that.

As the founder, you may also have the expertise and experience that your team members lack, which means you’re more likely to mentor or “tell them” how to do it rather than coach them.

Coaching builds confidence, empowers your team to take on more responsibility, improves problem-solving skills and builds loyalty. The more you coach your team, the more your business will operate as a team effort rather than a one-person show. You’ll not only have a high-performing team, but you’ll also have a high-value team. Double win!

Related: Be a Mentor: 4 Simple Ways to Change a Life

3. Adjust your pace to accommodate your team

This is where the rubber hits the tarmac! Many founders have a burning desire to bring their dream to life “yesterday” and are extremely impatient when their team isn’t moving at the pace they’d like. At this point, you ask yourself two critical questions: Did I hire the right people? Do I consistently share my vision and mission so everyone is clear about the direction of the firm?

I often tell clients that it may not be possible for their entire team to move at the same blistering pace that the founder is wired for, and it might be necessary for the founder to pump the brakes a little so the team can move at the same pace. This is a hard pill for many founders to swallow, but reminding them that they are not a one-person army allows them to be more accommodating and better able to foster teamwork in the business.

I am not advocating for letting your employees set the pace of the company. If you hire the right people and coach them regularly, chances are that while they may not move at supersonic speed, they will follow your lead and move at an above-average pace.

I always give this incident, which I witnessed while visiting a client’s restaurant for a follow-up session. The assistant manager was always pushing her direct reports to work at a blistering pace. The manager had cautioned the assistant to always give a particular employee their tasks in advance so they can accomplish them within a spread-out timeframe. This particular employee was known to be very thorough in anything they do, but if pushed to work at a pace greater than they could manage, they were more likely than not to do extremely shoddy work.

The assistant manager neglected this important piece of information and one time asked that employee to chop some ingredients and kept hovering over the shoulder of the employee nudging them to work faster. Pushed beyond their limits, the employee nearly lost four fingers when, in a bid to work fast, they ended up accidentally cutting through those fingers. I rushed in with the manager when we heard horrified screams coming from the kitchen, and after the ambulance left with the injured employee, the manager called the assistant to a private corner and gently reminded them about the caution of not pushing that particular employee to work at a faster pace than they were capable of.

The message? Sometimes, it is helpful to slow down a little so that you can move with the entire team.

Related: Are You Hiring a ‘Team’ Player – or Someone Just Looking out for No.1?

4. Share recognition for any successes attained

Another important tip I give startup founders is that they can become team players who enjoy more than decent business growth on an ongoing basis by sharing recognition for the successes they attain. When you put your team at the center of all success, their motivation and loyalty grow, and they become invested in achieving the firm’s goals.

Related: Which Do You Need: A Coach or a Consultant or a Trainer? Here’s How to Know.

5. Consult the team frequently

Make it a habit to consult your team members frequently. This can be when there are challenges that need to be fixed, when opportunities arise or when planning the next steps or direction of the business. Don’t be the founder who keeps their cards close to the chest and only issues instructions without involving their team.

As you implement the tips above, you will notice that your team will galvanize around the organization’s goals and mission, and your company will be better positioned to weather any storm. Teams always find a way to win.



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Tags: Bitcoin NewsBusinessesCrypto NewsCrypto UpdatesfoundersGrowLatest News on CryptoplayersSB Crypto Guru NewsstartupTeamWays
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