Leadership

Building the Perfect Business Team

Building the Perfect Business Team
Written by admin

The key to a successful business in this growingly competitive market entirely depends on the strength of the team working to outperform your competitors. Unfortunately, finding that perfect “super-team” is not as easy as one might hope. Teams must be made up of more than just motivated individuals; they must be thoroughly vetted first, properly trained, adequately compensated, and have a natural ability for collaborating comfortably with others. They must also be properly deployed into the right setting, with the right people. Allotting the right employees to the right tasks which properly complement their individual and unique working abilities also helps to ensure a high-performance team. Below are some time-tested, established tips, which will help you to build that dream team.

Important employee traits to look for in a prospective team member:

  • First, you must, of course, make a detailed list of the type of skills you will need for the project – this will be the foundation of your team member search.
  • Second, find like-minded people that can grasp your business projects concept and vision. This will save a lot of time, lengthy explanations, and even shorten training and help to cut expenses.
  • Thirdly, if you like a potential prospect, make sure that you analyze why you actually like this person. Remember that this isn’t a popularity contest, plus that no one should ever enter friendship into a business relationship – not even potential friendships.

These guidelines are important in setting the rules, standards, and even boundaries that will act as a guide in your search for the perfect team. Ego has no place in these guidelines. Just basic business principles. They set the tone of what shall and will be expected in a potential team member, and what is definitely not wanted. Social Media is a great way to check out a potential prospects experience and connections with your product’s target market. Having an insider in your desired market demographic will certainly help be a key advantage when initiating your marketing campaigns, before and after your product’s launch date.

The business magazine Fast Company reported in their Dec 2015 article “These Will Be the Most in Demand Jobs in 2016”, that “271,000 new jobs were created, many of which were in technology, healthcare, and retail, building on a trend that’s been gaining steam this year, as twice as many employers are looking to fill jobs as there are candidates who are applying.” As of June of 2016, the national unemployment rate has stayed at 4.9%, just a point lower from last year’s 5 percent mark. This means that the same problem with bringing in talented team members still remains for employers.’ With not enough properly trained employees out there to apply for open professional spots in America’s businesses, even major corporations that are based in the United States are struggling to recruit adequately qualified team members.

Conclusion

Studies on employee turnover, such as the SHRM Foundation’s, have shown that losing a properly trained employee can cost a business dearly – To the tune of twenty to thirty thousand dollars in recruiting and training expenses for an employee earning just $40,000 a year. This is why finding the right employee, to begin with, is so important. Most employment opportunities are frequently being offered and accepted online these days. Employment listing websites such as Employment Crossing can be very helpful in an age where newspaper want-ads are a thing of the past. Both the employer and the employee can use such online services without an extra financial pinch. Frugaa is helpful in such situations as it sums up some extraordinary deals on these services. New times require fresh ways of perceiving how one does business in the new millennium. The latest social and economic trends that strongly affect businesses are waiting right around the corner, and business owners and upper management with the proper foresight will be able to capitalize on these future trends – by having their newly created dream team ready for them.

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