Everyone’s Boss Should Do This
Summary
- I always prioritize a person's character over their work for me.
- Even if my advice means they might leave, I still value educating my team.
- Alex and I explained money to our teammates, countering advice from their previous employer about delaying gratification for 10 years.
- Educating our team is more important than making them stay; it helps them grow.
- I constantly look for opportunities to train my team to enhance their skills.
- When I train the people who report to me, they can pass that knowledge on to their own teams.
Video
How To Take Action
I would suggest implementing a focus on character and growth for you and your team. Start by prioritizing who someone is as a person over what they can do for your business. This can mean giving advice that might help them grow, even if it leads them to leave your company. This builds trust and loyalty.
1. Educate Constantly:
Spend time educating yourself and your team about important topics like financial literacy and personal development. You don't need to set up formal classes. Instead, incorporate small lessons into daily interactions. Share articles, videos, or your own insights on money management or any other useful skills.
2. Lead by Example:
Become a role model for your team. Show them the importance of continuous learning and self-improvement. If you’re reading a new book on leadership, talk about it with them. This may inspire them to pursue their own growth.
3. Delegate to Train:
When you have tasks to do, think of them as training opportunities. Delegate tasks in a way that helps your team learn and enhance their skills. For instance, if a task involves some financial decision-making, involve a team member in the process and explain your thinking.
4. Encourage Skill Sharing:
Encourage your team to share their skills and knowledge with each other. You might set up periodic “teach-ins” where team members can present something they’re good at or a new skill they’ve learned.
5. Foster a Growth Mindset:
Create an environment where learning and growth are valued. Celebrate successes and learning moments equally. If someone makes a mistake, treat it as a learning opportunity rather than a failure.
6. Utilize Free Resources:
Take advantage of free or low-cost resources such as online courses, webinars, and podcasts that could help in skill development. Share these resources with your team regularly.
By focusing on these strategies, you create a culture of growth, education, and character, which can lead to a more loyal and skilled team, benefiting your business in the long run.
