One common issue my business owner clients struggle with is trying to manage every aspect of their business themselves. Oftentimes, small business owners feel they must work tirelessly to keep their business on track. In my experience, this is not the case. In fact, business growth stagnates unless the right team is in place to help it grow.
My main goal is to help my clients overcome the need to control so that they can take their business to the next level while leaving room for a comfortable quality of life. The primary tool for success is creating a solid, experienced and reliable team.
Common Mistakes When Building a Team
Over the years, I’ve seen many of the same mistakes repeated by business owners when building teams. While the types of businesses differ, similar patterns of owner behavior emerge. The root is the desire to operate a successful business and provide quality products or services.
However, problems occur when the business owner fails to empower their employees and put the right people in place to run the daily operations. Micromanagement leaves a team insecure and unequipped to make decisions that move the business forward. This is frustrating and may cause your best team members to leave.
Not only does try to do everything on your own and make every decision keep your business from its full potential, but it also leads to burning out. The innovative idea or offer that you originally loved starts to consume all your energy and your quality of life.
Trouble Signs for Your Current Team
Look for the common red flags that signal your current team is in trouble. This may be because you are suffocating your employees with micromanagement or that you don’t have the right team in place.
Common warning signs include:
- High employee turnover rates
- Poor customer service
- Loss of business or revenue
- Stagnate growth
- Low employee morale
- Bad online reviews or feedback
- Lack of two-way communication with staff
The good news is these warning signs when identified, serve as a catalyst to get your business back on track. One way to create a strategy to solve team problems and grow your business is a partnership with Alliance Business Coaching. We offer several individual and group coaching options to meet your specific needs.
Evaluate Your Current Team
Start by evaluating your existing team to determine if they have the skillset and attitude to embrace change. This is especially important for managers. This process may require you to make employee changes for the long-term betterment of your business.
Be honest in your evaluation process. This means you need to look at where you’ve been part of the problem. Talk to your team and allow honest feedback. You may have dedicated and knowledgeable employees that, with the right tools, could help your business thrive.
Build an Outstanding Team
When you partner with Alliance Business Coaching, we’ll help you through the process of building an effective team with a clear business strategy. The key employees are great managers. Your managers should demonstrate experience, trustworthiness, and strong leadership.
Next, you must set expectations. A team cannot perform well if they don’t understand the mission, goals, and standards. As the owner, you, in partnership with your managers, determine the expectations. From that, set measurable goals that empower your team to succeed.
Finally, allow space for others to lead. You cannot operate out of fear and expect your business to grow. Empowered teams are the key to take your business to the next level.
Work with an Experienced and Invested Business Coach
Start today making positive changes. Contact Alliance Business Coaching to schedule a consultation. We’ve successfully helped Colorado business owners and executives grow effective teams, increase revenue and gain the freedom to enjoy life outside of running a business. Let us help you take your business to the next level.