Teamwork is essential for the survival of any species. The concept to build a team also applies to business.
Whether you are leading a startup company or a corporate business, teams and teamwork are essential for business growth and success.
Here are the top three reasons why teams are essential, and why you should build one:
1. When You Build a Team, They Will Provide a Framework for Enhanced Engagement
Teams are great platforms for different individuals to integrate and participate in a company’s activities. As members participate in planning, decision-making, and problem-solving, you nurture an environment where each person understands and owns corporate decisions. So not only do you get the benefit of people who feel responsible for your business, you also get to pull from a pool of unique talents and skills.
Through collaboration, teams can handle more complex problems than individuals and have better success rates.
2. Teams Challenge You and Allow You to Take Advantage of Skills Beyond Your Ability
Every person has their own set of strengths and weaknesses. No matter how good you think you are, you cannot do everything exceptionally well. If you are a sales executive/coach/mentor, chances are that you excel in sales-type activities. You will thrive to meet with prospects, network, pitch, and relish anything that involves promoting the company’s products. But chances are you’ll have a hard time talking with auditors about the company’s financials. Worse still if you had to plan and follow up projects.
It is wise to rely on other people who are better than you in these areas. You can leverage the skills of other team members while focusing on your core strengths. When you thrive your business will too.
A team will not just support you on your weak areas, it will challenge you to greater heights. You won’t show up as a mediocre version of yourself. You have a team of people looking up to you who are giving their best and will expect you to do the same.
3. A Team Will Bring Additional Perspectives and Eliminate Barriers to Growth
Solopreneurs do everything, from pitching to bookkeeping, marketing and everything in between. Unfortunately, this is not only monotonous, but it can also hurt the business if you flatline at this stage for too long.
Many solopreneurs with strong personalities don’t like to acknowledge it but building a team will bring diversity and richness that you cannot gain by yourself. Not to mention freeing up your time to focus on income generating activities.
But it’s not just about a variety of ideas and perspectives. Teams provide opportunities to lead. As you lead the team, you will overcome the law of the lid. This rule states that the growth of your organization directly depends on how well you can lead. If you cannot lead, your business cannot grow. A team presents the opportunity to enhance your leadership skills and sharpen your effectiveness. Another opportunity for personal growth.
Here’s the bottom line. Teams are vital to any organization interested in growing. But for teams to thrive there must be teamwork. Don’t just build a team, build a culture of teamwork and collaboration.
If you would like support in growing your own team to grow your business then I invite you to book a call with me. I have built an entire agency from scratch all with a baby on my hip and can show you the right way to do it.