Assemble a Team to Work Smarter Not Harder
If you’re beginning to notice that your teams aren’t living up to their full potential, there is likely a problem with your infrastructure. Before you pass the blame along to your managers and other employees, take a moment to ask yourself whether there may be a core infrastructure flaw that needs to be dealt with. Are you providing your employees with everything that they need to succeed? Are they working on the correct projects? By improving your processes using the Exit Mindset to create an Exit Infrastructure; you’ll be able to work smarter, not harder. Once a proper Exit Infrastructure is in place and employees are performing above expectations, you can be sure your company’s valuation will be at an all-time high.
Identifying Core Competencies
The most important and influential asset of your business is its employees. The last “P” in SLPP (Systems, Locations, Processes and People) is referring to the people you work with to achieve common objectives; all of whom are bound to have different personalities, skillsets, and weaknesses. With all of the variables that come with people, creating a balance among your teams and catering to your employee’s skillsets is the answer. It’s always important to remember, everyone is never going to be good at everything. By thoughtfully creating your teams in a way that maximizes the strengths of the company, your potential to achieve future objectives will skyrocket! One strategy of catering to your employee’s skillsets is assigning them work that they find enjoyment in. By creating primary and secondary personality trait lists, character lists, and by reviewing past work, you may actually be able to identify a specific core competency that you never knew one of your employees possessed. Finding the core competencies of each individual can take a lot of time and requires you to be in tune with your company. Ask yourself questions like; what do your employees enjoy, what are they comfortable with, what are their preferences, and what sort of projects do they dread?
The Benefits of Enabling Employees to Succeed
Once you’ve determined the type of work that an employee enjoys and the type of work that they excel at, you’ll be able to assign them jobs that align with their psyche, desires, and the objectives of the company. The strategy of assigning an employee a similar type of project, as opposed to multiple types of assignments throughout the week that necessitate skills outside of their comfort zone, can help to improve workflow and efficiency. On the other hand, assigning the wrong work to an employee can lead to a negative attitude, poor performance, and a hatred for their current position. While the results are not always that dramatic, it is proven that employees perform significantly better when they enjoy the work they are doing! By assigning the people at your company work that they want to do and providing them with the resources to do it, you will enable them to succeed and empower them to take responsibility for their work.
Primary and secondary sheets mentioned above are a great tool for creating a backup plan when you have more business functions than employees who truly enjoy doing them. They are spreadsheets that lay out all of the functions in your business, large or small, and assign them to certain individuals. A primary sheet denotes all of the roles within a company and who they will primarily be filled by, and a secondary sheet takes into consideration employees who can cross over to fill a barren role if needed. If an employee is on vacation, out sick, or decides to leave the company; you want to be sure that you have another employee ready and willing to take their place. Creating a primary and a secondary sheet may point out some holes in your company, which could either lead to some much-needed organization or even the hiring of additional personnel.
The purpose of taking the Exit Mindset is not always to sell your business. Creating an Exit Infrastructure and rethinking the way that your employees are assigned work can benefit your company immediately and will only lead to more success and a higher valuation in the future, whether you plan to sell or not!
By analyzing your personnel, balancing personalities, and catering to your employee’s competencies, you’ll be able to leverage your employees and do the work of 30 people with a fraction of that! For more information about how you can leverage the skillsets of your employees to improve efficiency and productivity, visit the website Exitmindset.com.