EP 176 | How To Surround Yourself With The Right Team For Your Business
Oct 31, 2022
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Building a successful business relies heavily on surrounding yourself with the right team. The host shares a personal story comparing two churches, highlighting how different environments can foster growth. Ignorance in leadership can stifle progress, while engaging the right people promotes development. Navigating the challenges of scaling requires understanding team dynamics and the unique demands at each stage. Ultimately, assembling a capable team is crucial for achieving sustainable success.
Surrounding yourself with the right team is essential to navigate business growth, as some individuals may lack necessary skills for scaling.
Understanding and addressing unknown unknowns in your business environment can prevent detrimental consequences during various growth stages.
Deep dives
Understanding Business Competence
Navigating the complexities of business growth requires more than just knowledge; it necessitates a thorough understanding of what is often overlooked. The speaker emphasizes that the real danger comes from the unknown unknowns—those crucial aspects of business that individuals are unaware of until they have detrimental consequences. For instance, comparing two church congregations highlights how external factors like location, community involvement, and management practices can significantly impact growth and success. This comparative analysis serves as a reminder that developing context and a comprehensive understanding of one’s environment is essential in avoiding pitfalls during scaling.
The Importance of Organizational Structure
As businesses grow, maintaining an effective organizational structure becomes critical for sustainable success. The speaker notes that loyalty to friends or family members in key roles can lead to complications, particularly when their skills and experience do not align with the demands of the business's growth cycle. Transitioning through different growth stages requires specific management competencies, and introducing new personnel without the appropriate foundational elements can exacerbate existing challenges. Understanding these dynamics is crucial; businesses must ensure that the right systems, processes, and teams are in place to facilitate smooth transitions and avoid costly breakdowns.
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The Consequences of Unrecognized Knowledge in Business and Leadership
In order to create a business that can thrive, you need to surround yourself with the right people.
In this clip, I share a story from my youth about comparing two different churches, and explain how that helped me understand how to create real, sustainable growth.