O's ObservationsThanks for visiting my blog. It's where I talk about business and life lessons.
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Building a great team is vital for the success of any business and creates a working environment that is not only fun but productive. For employees, knowing they have a team behind them that will support, encourage, and drive them forward can promote creativity and efficiency and pushes everyone to be the best versions of themselves possible. Having a team that works well together doesn't just happen; it takes work and commitment, but the results are worth the effort. These are the key positions needed to build a great team so your business can succeed. What Is A Great Team? Before you can do the steps to build a team that works well together, you need to define what a great team means in your business. Write down its qualities and put ideas into place that you believe could help you achieve this goal. With that goal in mind, you can begin taking steps to ensure your dream team fits the bill. The Characteristics Of A Great Team A great team works well together, encouraging each other toward a common goal. Once you've defined what a great team means for your business, it's time to establish the characteristics they will encompass. The team makeup may change over time, but these characteristics will help ensure remaining success.
Keys To Building A Great Team Define Team Roles Defining the team's roles increases the chance of success by clearly mapping out each member's requirements and expectations. They know if they're meeting their goals and can ask for help if needed. Set Goals And Plan For Them Goals serve as a guideline for the team, providing each member a roadmap for achieving success. Once a goal is in place, the team can begin working toward implementing measures that will help meet the needs of the business, using past efforts to determine future decisions. Embrace Team Diversity Diversity is a significant advantage allowing the team a well-rounded view of the issues the company faces. Having multiple backgrounds and mindsets enables the team to approach problems from various angles, shed light on new ideas, and develop creative solutions. Maximize Individual Skills As a leader, learning to maximize the strengths of each individual while having those strengths complement the team as a whole encourages success. Take time to review each person, weighing their weaknesses and strengths, and partner them with someone with complementary skills to promote morale and decrease frustration. Creating a successful team takes time and can often be a confusing undertaking. With the help of qualified support, you can get the guidance and insight necessary to ensure success. Connect with The Small Biz Engine – At The Small Biz Engine ® and F.U.E.L. ® Academy, we work with you to help you create your company's dream team, a group of qualified individuals with a common goal of helping drive the success of your business. Having a great team in the workplace makes all the difference, so turn to this link and see how our consulting can turn your business into a highly efficient workplace full of motivated employees!
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US Small Business Week is celebrated from May 2nd - May 8th. Due to the pandemic, this is the first Small Business Week in over 2 years where businesses are in a sense, back to normal. Leverage this time to share your story, take pride in your survival and enjoy your business! Yes, enjoy it! We often forget that part. There was joy in the idea you were blessed to develop. Share that story and joy with someone else today. Not just someone else, everyone!
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O' Being a featured speaker or panelist at an event is an incredible honor and presents an exciting opportunity to further your business. There's no doubt you want to give a compelling performance that captivates the audience and helps propel your brand forward.
Although being a speaker is a great way to provide information and discuss your passion, many business owners fail to use the opportunity to its fullest advantage. I can't tell you how often I've seen someone miss out because they didn't maximize their speaker benefits! Don't let the chance to present your knowledge and expertise go to waste; these ten tips can help you get the most out of the event and grow your business along the way! Get Paid! Payment is an area that many people feel uncomfortable discussing, so they end up underselling themselves and don't receive the compensation they deserve. If you struggle in this area, having a form that asks the event coordinator to provide you with information regarding their speaker budget and your intended honorarium can make the process less intimidating. It also serves as an excellent basis for negotiations if needed. I always recommend receiving everything in writing to protect yourself and streamline the payment process. Request A Copy of Attendees One of the best parts of speaking at an event is the room full of eager attendees already interested in what you offer. There are few other instances where you'll find yourself with such a large potential client base right at your fingertips. Requesting a copy of the attendees and their contact information is an excellent way to market those in your niche, increasing your opportunity to convert sales! Request... Read More Partnerships are tricky. Even those of us who have not been in business partnerships can appreciate the delicate nature of this kind of relationship. Throughout my career, I've learned a great deal about the relationship dynamics, the balance needed, and the complementing skillsets that generate success.
Business partnerships can be highly successful when both parties are on the same page and have the same goals. However, many partnerships fail because of a lack of communication, unresolved conflict, or not having the proper documents in place. This article will discuss the blueprint for a successful business partnership. I will cover why partnerships fail and how to prevent these failures from happening in your professional relationship. Plus, I will provide you with a list of documents you will need to make your partnership succeed. Why Do Business Partnerships Fail? Like any other relationship, a business partnership requires transparency. Unfortunately, many collaborations fail due to a lack of communication or unresolved conflict. A good business partner consistently articulates their goals with their co-founder about all aspects of running the business, especially when it comes to any issues and making major decisions that affect the company. To prevent any significant conflicts from happening, you must discuss and agree upon the following four things:
With steady contact, you can avoid many struggles that may arise during the life of your partnership. How To Work Together With your business, it's vital to have regular interactions with your partner so that everyone is on the same page. This clarity will help prevent any misunderstandings from happening down the line. Here are some tips you can follow to ensure a healthy working relationship between partners. Have a clear chain of command It's important to establish who oversees what tasks and ensure everyone knows what they are responsible for doing each day. Establishing a chain of command will help avoid any confusion or conflict down the line. It will also help if someone is ever absent from work due to illness or vacation. Meet regularly Make sure to have regular meetings with your partner so that everyone is on the same page and knows what is happening within the company. Discussions should include updates on tasks, goals, and progress. Furthermore, meetings give everyone a chance to speak up about any issues that may be happening within their department or with other employees. Settle disputes quickly If a disagreement arises, address it as quickly as possible. This promptness will help prevent the conflict from escalating and causing any long-term damage to the partnership. When you make an effort to resolve disputes quickly and respectfully, you will be able to keep your business running smoothly. Resolving Conflict So, how does one resolve conflict with their business partner? Of course, the first step is to talk about it! The two of you will need to discuss the issue and how each side can work together toward a solution. If this does not solve the setback, it might be necessary for both parties involved to have an amicable resolution. If left unresolved, a minor disagreement could become a massive problem for both parties involved in the partnership. So, it's necessary to address any conflicts as quickly as possible before they escalate into something more serious such as lawsuits or even bankruptcy. Needed Documents You must have a document in place outlining how you will make decisions within your partnership. If you need help figuring out which documents you need, reach out to a business coach or business consultant to guide you. A few of the needed documents include:
Conclusion Having a well-organized and detailed plan is key for any successful business venture. And with a good business partnership, that plan is twice as strong. By following the tips and advice in this post, you can help ensure your organization runs smoothly without any major conflicts. If you need help growing your business, book a call today with our business coach and consultant, she can help you create a perfect plan for your business partnership. There's no denying that starting a new business is an exhilarating experience. However, it pays to temper your excitement with a little practicality. You may believe your concept is excellent as is, but it's a good idea to put it to the test before investing time and money into a business or product that won't sell. So, before you launch your business, follow these five best practices to ensure that your idea is something that the world wants. 1. Define and Build your Business Model. Before you try selling your product or service, it's important that you have something solid in place that will bring people back for more. That means you need to define your business model, target customers, the way you will promote it, and the price that customers are willing to pay. Your business model is the solid foundation on which you'll build your enterprise. Once you have a strong, working business model, the chances of sustaining a successful business increase exponentially. 2. Know Who You're Selling To. You should know every detail about who you are selling to, to refine your product or service so that it delivers results for those customers. It's not enough to try and sell your product or service to everyone. You have to narrow down who you are selling it to so that you can hone in on the most important qualities of your target market, which will include things like age, gender, location, income level, and whether or not they have children. The better you understand these key demographics, the easier it will be to determine which features and benefits of your product or service are most important and how to best market them. 3. Test Before You Invest. Before you start your business (or even before you have a viable product or service), build an online landing page that describes what you're selling -- include a few photos and a video, if possible. Then, ask your contacts to share it with their social networks and ask them to pass it on to people they know who might be interested in your product or service. This will provide you with important feedback about whether or not there is a viable target market for your idea. This way, you can make corrections before investing your time and money. 4. Know the Competition. Before you launch your business, you should know all there is to know about your competition. You have to assess their strengths and weaknesses so that you can establish a strong position for yourself in the marketplace. By doing this, you can create a competitive advantage for yourself. 5. Establish Your Vision and Prepare for Launch. After testing your business model, you need to establish a clear vision for yourself that will help you stay on track for success. You also need to prepare yourself with a strong mental approach that will allow you to stay motivated and level-headed, especially during tough times. Finally, make sure you have a solid business plan in place that will lay out all your long-term goals for success. 6. Hire a Great Business Coach or Consultant. Just like any high performing position, a good Business Development Pro will have the experience to be an asset to you and your team. They are also willing to share this experience to help you cut through minutia as well as larger issues. They will be accessible and hold you accountable for your goals. Take your time to evaluate this partnership. Final Thoughts on Testing Your Business Idea Once you have followed these tips to assess and test your new business idea, it's time to bring it into the world! While things may not always go as planned, your hard work and dedication will pay off in the end. Remember, perseverance is the single most important quality an entrepreneur can have. Enroll in the highly sought CEO Cohort F.U.E.L Leaders Tune Up course to help you flesh out your business ideas. My reign as Ms. Majestic International 2021 - 2022 has begun. It's a thrilling time but with an adrenaline rush, the reality is just as potent. Most people I engage with understand my journey of business growth and entrepreneurship. It's about leadership, consultation, and securing the next investment, but I am excited to share another layer, pageantry. Believe it or not, pageantry and my international platform draw many parallels. There are a range of pageants available that align with personal and global missions. The lessons I gathered from the stage, from sponsors, from my community of supporters emphasize the marrying of pageantry and business is beneficial to many.
A moment can redefine your life. Don't wait for the stage to be prepared for you; create your moment and build your platform. Success is waiting for you. For appearances or to start your pageant experience, visit here. To download my Free Patient Self Advocacy Ti[ Sheet click here. Many times we have a defensive posture. We react as inconveniences and problems arise. Not only does this bad habit abuse and challenge our time but worse is we cannot react at our highest level because we're not directing the conversations. Here are my personal suggestions to orchestrate living your life by design and not by default.
You have the absolute authority to steer your life's direction. Appreciate your worth and know it is your time for your voice to be heard and for the world to see your talent. I thank you personally for your contributions. Connect with me
I'm an Executive Contributor for Brainz Magazine. As a natural morning person, getting up early always worked for me. I always have my day in front of me. It is just a practice I learned from my father. Working with entrepreneurs from all walks of life, I realized while mornings are optimal for me, there are efficiency habits Early Risers and Night Owls can meld together. What if you are not a 5am riser? Should that mean your day is done before it even begins? Absolutely not! As with anything, you learn to work around it. 5am risers work well in their realm because that habit is ideal for those of us who work nine to five days and they have structured their business to complement that schedule. Simply stated, this does not mean you cannot be efficient and ambitious if your circadian clock works differently. Here are four value-added habits for your success. Habit Creation: Create habits that you value. Individualize the effort. This will help you to avoid burnout. Forcing your creativity into some guru’s schedule will drive you bonkers. Set yourself up for success. Try this hack. Hack - Take a week and track your most productive hours. This will help you guide your schedule toward efficiency. Decision Making: High value decision-making happens when you release your mind of daunting tasks. For example, I brain dump and create my to do list at night. The benefit is I jump right into my tasks in the morning without a second thought. I prioritize the list and assign minutes to each. The feeling of accomplishment is an amazing stress reliever. My creativity is at its peak. Sleep Patterns: Getting enough sleep is paramount to a healthy lifestyle. Look at a sleep cycle that works for your schedule. The goal is productivity, not following someone a latent formula. Understand the activities that create a peaceful environment. When are you most relaxed? How can you ensure you rest for seven to eight hours per day? Personal Mission Statement: Create a Personal Mission Statement and a Family Mantra. Recite your personal mission statement to yourself every day before starting your task list. Place your Family Mantra in a visible location of your work area. This keeps your workspace energy in an ideal emotional state. Remember you drive your own success. Being productively assertive is a choice. Being ambitious is a commitment. It is a daily commitment to keep you and everyone around you at your peak fighting weight to think clearly, to tackle issues, and to create the next bright idea. CEOs become CEOs because of their ambitious nature. Connect with me
Brainz Profile It's so easy to celebrate the wins. The feeling of accomplishment is like none other. My reminder today is to celebrate the small steps too. Build your ladder with attainable, measurable, and exciting goals. Goal Setting Tips:
Here's to our success! O' To connect with me, join my FUEL Leaders Group or find me here www.OrielRoss.com Why Pageantry Some people are surprised I'm involved in pageantry. What people don't realize is there's quite a bit of business building in going for the crown. Two interesting facts about me are one, I speak and train all the time on various business topics and two, I have a personal goal of sharing my story of having babies born prematurely and raising awareness on maternal health. Pageanty ties these two passions together. The international stage provides a platform to highlight causes and increase awareness to so many issues. As you connect with women in pageantry, you will see excellence in leadership, communication, and philanthropy to name a benefits. "Pageants are for empowered women who have a vision of making themselves stronger and better, and empower other women to do the same." I'm currently Ms. Florida for the Majestic International Pageant. In August, I will complete for the International Title. I'm so excited to share my journey with you. Stay tuned for updates. If you're interested in representing your region or country, please reach out to me. No swimsuit category in this pageant and all ages are welcome. See you soon! O' |
AuthorOriel McKinney is an award winning business strategist and speaker. This blog compliments her work from a personal perspective. Archives
March 2023
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