Wealthy Way Run Your Business Like a Team, Not a Family: Lessons from the Front Lines
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Apr 12, 2025 Explore the essential shift from treating your business like a family to running it as a team. Leadership is crucial in setting new standards and embodying the values you want your team to adopt. Discover the trials of building a competent marketing team and the importance of micromanagement during early hiring phases. Journey through a corporate transformation that turned an undervalued division into a leading profit contributor. This candid discussion emphasizes the necessity of accountability and strategic decision-making in achieving success.
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Run Your Company Like a Team
- Run your company like a sports team, not a family.
- Correct people frequently, address conflict, and set clear expectations.
Don't Hesitate to Fire
- Set clear expectations and give direct feedback on performance.
- Don't be afraid to fire people if they don't meet the standards, even if it's difficult.
Lead From the Front
- Lead by example and embody the standards you expect from your team.
- If you want your team to show up in person, you should also be present.