Studies show that startups that do it as a team rather than individually are much more likely to be successful. Let’s face it, you might be smart, but a team full of great ideas is going to be smarter. Chances are, if you use fax to email, it was suggested by one of your smartest team members.
Yesterday’s I emphasized the importance of championing great ideas. And a great team will always be the source of these ideas. If you work for a big corporation you probably notice how many great ideas get tossed away because they don’t seem important to the manager. But in your small business, you can avoid that by managing your team effectively.
The great CEO Jack Welch emphasizes over and over again in his books and training that business is simply creating a winning team You should always be networking, recruiting, and keeping the best business people you can possibly find. The strength of your team will really define your small business’s success.
Spend all of the effort to put your employees first. Even above your customers. It’s far worse to lose a great employee than it is to lose a customer. You can always find new customers, especially if your business concept is solid. But you never want to let that great team member go.
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