986. The Power of Mentorship: Elevating Your Team's Performance and Results In 2024
Dec 28, 2023
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Kelly reflects on her first year managing a portfolio of six companies and emphasizes the correlation between leadership and growth. Trusting oneself and being definitive in decision-making is crucial for success. Cultivating a spirit of mentorship and investing in team members' growth is essential. Strategies for boosting team performance include creating visibility, cultivating mentorship, and driving profits. Prioritizing market-facing tasks and evaluating time allocation maximizes impact on company growth.
Strong leadership is crucial for driving hypergrowth in companies.
Cultivating a spirit of mentorship and investing in team members' growth is essential for success.
Deep dives
Leadership is a key factor in the growth of companies
The podcast episode discusses the author's experience managing a portfolio of six companies and the observation that the growth rates of these companies were closely tied to the strength of their leadership. Despite experiencing the same external factors, some companies saw significant growth, while others were flat or even regressed. The author draws parallels to their previous corporate experience, where strong branch managers were crucial for driving growth. The main insight is that leadership plays a vital role in the success of a company, and it's an area that can be continuously improved.
Areas for improving leadership
The podcast highlights three areas that are essential for improving leadership and fostering growth. The first is visibility and inspiring the team through frequent vision casting and reenrollment in the company's mission. Secondly, cultivating a spirit of mentorship is crucial for up-leveling the team's skills and mindset, focusing on impact rather than just transactions. Lastly, leaders need to emphasize a daily focus on driving profits and create a culture where every team member has a clear plan to contribute to revenue generation. By addressing these areas, leaders can improve their impact and achieve their growth goals.
Effectively managing team focus and time
The podcast emphasizes the importance of ensuring team members focus their time on activities that directly contribute to growth. Leader should discourage spending too much time on process-oriented tasks and instead encourage activities that are market-facing, client-facing, or prospect-facing. The host suggests conducting audits to ensure that at least 85% of each team member's time is spent on these revenue-driving activities. This approach, coupled with effective leadership, can lead to improved team performance and business growth.
In this episode of The Kelly Roach Show, Kelly reflects on her first year managing a portfolio of six companies and shares her observations on the correlation between leadership and growth. She emphasizes the importance of leveraging past corporate experience and highlights the role of strong leadership in driving hypergrowth. Kelly also discusses the need for leaders to trust themselves, cultivate a spirit of mentorship, and maintain a daily focus on driving profits.
Also in this episode:
Leadership is the key factor in determining the growth rate of a company.
Trusting oneself and being definitive in decision-making is crucial for success.
Cultivating a spirit of mentorship and investing in team members' growth is essential.