The #1 Reason Why Your Company Will Struggle or Succeed…
80% of the challenges that leaders and entrepreneurs face are people related.
Regardless of the business or industry you're in, most of the challenges you experience revolve around the attitudes, motivations, decisions, and actions of people.
Team members.
Leaders.
Customers.
Clients.
Vendors.
Investors.
Board members.
Family.
This means your most important asset (your people) is also your largest variable (and liability) in your P&L statement.The most successful companies embrace this reality and are fully aware that business strategies and business activities require people to follow through and execute.
The number one reason why companies struggle or succeed is because of their people.
To ensure your company's success, you need excellent people.
Your team is vital to making your vision a reality.
Whether you have 2, 5, 10, or 100 team members, each contributes to the final result.
Knowing this, I want to ask you two important questions to help you determine if you have an opportunity to change the people side of your business.
1. Do you enjoy working with your team?
In other words, are any team members not fulfilling their duties and/or causing problems?
2. Would you enthusiastically rehire your entire team knowing what you know today?
Take our survey below to share your insights and we will be happy to share results in the coming week.
If your answer to either question is NO or MAYBE then now is the time to focus on improving the people side of your business, so you can go from good to great.
Unresolved team issues cost you a significant amount of time, money, energy, resources, and sanity on an annual basis, especially when it comes to turnover, absenteeism, onboarding, and productivity.
See how much $$$ turnover, absenteeism, and onboarding are costing your company through the link below.
Pro-tip: Download the spreadsheet (or make a copy), enter your company inputs in the sections highlighted in yellow, and share the results with your executive team.
Your team can either be a propeller or an anchor for your business, and it’s your leadership and culture that determine which.
Recruiting, hiring, onboarding, training, engaging, and developing your team at every company level is just as essential as acquiring the right customers.
As the summer season rapidly approaches, now is the right time to grow and elevate your people so you can grow and elevate your business because the number one reason why your company will struggle or succeed is your people.
This edition of the Monthly Stoke is authored by: Marty Imes
