How Can You Get Individual Superstars to Work Together?

When you have a small business, you need to have the best hire to be part of your tram. However, it’s not always a piece of cake to gather aces and put them on their best places and get them to work altogether.

Most managers are then faced with the question on how to combine their talents, skills, and brains for one project and lead them to work harmoniously.

Vince Lombardi believes that the secret to building a team of superstars is to motivation them to work towards a common goal. But even if we’re not talking about sports, the same motivation is quintessential in any team, especially in the workplace.

In the Team Effectiveness Review led by Elaine Yew at Egon Zehnder during the late 90s, she discussed the six critical team competencies that can make an A-team thrive.

Let’s explore the six ingredients that make individual superstars work great with a team.

Balance

It’s not enough that the team understands the importance of diversity of skills and strengths. They should be also willing to incorporate them. Dan of The Leadership Freak noted about 13 reasons why teams lose momentum and one of them is dominant members who cause others to feel insignificant.

As the leader, you are responsible to help your members understand each other’s skills and strengths despite the fact that superstars tend to be “me-focused”. By identifying each superstar’s motivation, you can work around how to best motivate and inspire them to work with others without feeling the need to be always be on the spotlight.

Energy

An ambitious team thinks about long-term momentum at a high level. Superstars are naturally driven individuals who always have the thirst for victory and excellence and each member’s enthusiasm would easily rub off on others.

Alignment

Do your team members understand the larger team purpose? If not, you may want to direct all theirefforts on one central objective. It’s time to leverage their thinking. TribeHR Staff said businesses are most successful when employees’ personal goals are aligned with that of corporate goals. Yes, while each member may have personal goals and priorities, team leaders should aim to make the business thrive and ensure that each team player’s goal aligns with that of company’s.

Resilience

Author Margaret Heffernan said that social capitals make a group resilient. By that, she means trust, knowledge, reciprocity, and shared norms. If you are a team leader, it helps to show your team the outcome of their collected efforts. Writer Glenn Llopis said one of the ways to inspire a team is to make them feel that their hard work makes a difference beyond just profitability.

Efficiency

One of the biggest challenges to teams is how to deal with pressure not only individually, but also as a team. You may encourage your team to try a few quirky de-stress hacks such as photography contest activities or simply employee’s day out. After a super-busy week, your team deserves relaxing and reenergizing activities to keep them motivated and happy at work.

Openness

Do the team members’ value engaging with the broader organization? When each member has connection to one another, it becomes effortless for them to share ideas, concerns and contribute towards the common goal better.

Having great individuals work together as a team is a great opportunity and a challenge to focus on the over-all and high level goals. By focusing on the over-all objectives, one can minimize the potential clashes within the team and make the best use of individual talents, skills and take advantage of the adversity of the group.

Having aces on their best places allow each team member to feel significant without having the need to be constantly on the spotlight and think more of the common goal as opposed to focusing solely on individual ones.

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Small Biz, High Tech: 4 IT Hacks for Small Businesses

Running a small business is a constant dance between producing a product or service for people at a cost that compares to or beats your competition. One of the costs is information technology or IT. A small business that can find inexpensive and powerful options in this area can create an advantage for their business in their marketplace. Here are 4 IT hacks that can help your small business be more profitable.

IT Hacks: Organize Better Meetings

Increasing a client base can be a challenge for a small business. Meeting with potential clients face-to-face is limited by geography. With technology today, there are simple ways that a business can organize a meeting on teleconference that will allow for face-to-face interaction. There are individual video conferencing tools like Skype that allow for individuals to connect face-to-face across the world. There are also online meeting programs that allow presentations and ideas to be shared over an unlimited number of locations. Low cost products like Go To Meeting or Any Meeting are two meeting software suites that allow for powerful presentations.

Keep Your Office Running Smoothly

Organization is the key to success in any business. Fortunately today there are software suits that can help manage your schedules. For example AdvancedMD is a medical software suite that allows a small office to organize the scheduling of patients, their records, issue bills, manage patient care and measure the performance of your business. The best part is that once this type of system is set up, it runs with very little maintenance. A small office staff can all access the vital information and provide adequate care for all patients. There are similar management software products for almost any type of office as well.

Take Control of Your Web Properties

Managing and developing your own websites may seem like a daunting task but with the technology available today it shouldn’t be. Developing a functional and well-designed site can be done through the use of WordPress with a minimum of training. Having this skill available opens you up to make changes to a website quickly and at a low cost. It will require paying a hosting fee, but this cost is very minimal compared to paying someone to manage your website. HostGator is a great hosting program that is safe and responsive to questions. The investment in this area can save thousands of dollars over the long term and provide your small business with a website that is more representative of your products and/or services.

Build Relationships through Email

Connecting with you customers is vital for any small business. There are many different options available to help manage your email list depending on price and types of communication you desire. Constant Contact is one of the easiest email marketing suites to use although it has some limitations in function. Get Response and Aweber are high-functioning software suits that make it easy to create and run complex chains of marketing emails. The best part about these products is that once you have it set up, it runs on autopilot. Email lists provide a great opportunity to directly contact your customer base and a business can get their product or service in front of the customers.

Running a small business is an exciting endeavor that can become very profitable. Learning to decrease the IT challenges a company faces will clearly make things run more smoothly. All four of these IT solutions can be managed in house with inexpensive and powerful software programs. Allowing a small business to perform big is the goal of these 4 IT hacks for small business.

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Climate launchpad, secret seeds and the road to Amsterdam

Climate launchpad

I got the invitation to attend the Climate Launchpad bootcamp just as a work contract was finishing, the timing was perfect. I had toyed with the idea of working for myself for some time and this bootcamp and coaching seemed like something that would help me on my way. The bootcamp and mentoring sessions over 2 months leading up to the National Finals at the Climate Gathering were tough and interesting and really helped me formulate my concept.

National finals in Dublin

The eight businesses involved were so different but with a common goal in finding a climate friendly business solution that allows them to make a living. We were put through our paces weekly and presented at the National Finals on June 22nd. The eight presentations were very unique to each other and had come a long way from the initial bootcamp.

This was my pitch:

Climate Launchpad International finals in Amsterdam

I was really delighted to be selected in the top three and go forward to represent Ireland in the finals in Amsterdam. However this is where things got real, 28 countries, 84 contestants and all competing for 10 places on an accelerator programme and the top three will get cash prizes. The number of contestants is daunting but the variation in ideas is fascinating, with a common theme and ideal surrounding climate each team has developed very different concepts. I am a mix of nerves and excitement bringing Secret Seeds to the finals in Amsterdam.

Secret seeds

Secret Seeds are heart shaped seedbombs that are full of wildflower seeds. While they look small their impact is large. By using Secret Seeds instead of buying flowers you promote growing your own, you provide food for bees (who are vital for our own survival) and by choosing to buy Secret Seeds instead of cut flowers you reduce the transport emissions, virtual water and even human rights conditions associated with flower farms which are based in the developing world.

Change the world one seed at a time

I am looking forward to meeting the other contestants, hearing their pitch but I am more excited about presenting my business to the judges and showing them that Secret Seeds can change the world one seed at a time.

 

 

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Integrated Data Management is a Productivity Goldmine

Everyone’s talking about Big Data these days, but all the data in the world is useless unless it’s structured in a way that increases productivity and profitability.Fortunately, integrated data solutions can blend and unify data sources and business processes to save time and money.A professionally designed integrated data solution has the potential to integrate thousands of data sources.The ability to connect and track business data, including sales, advertising, marketing, finance and SEO, empowers decision makers and customer service representatives with the information they need to improve business performance.

Data Integration

The idea of collecting and tracking disparate streams of data to improve business performance can be difficult to grasp.The amount of data collected by an average business has literally exploded in recent years.Many businesses have attempted to employ data management solutions such as cloud-based applications , limited legacy systems and other out-of-the-box digital products to stay ahead of the data avalanche.For example, genomic testing companies having to house trillions of strands of DNA data for personalized medicine are finding their process does not run smoothly with access to complex data storage and analysis. Designing and implementing an effective data management interface is now a crucial component of business success.

Remaining competitive in the global economy requires business leaders to adapt to emerging trends.The integration of business data collection systems is no longer optional for large and even medium size businesses.Data integration reduces labor costs and improves profit margins.The cutting edge of effective data management varies from business to business.A comprehensive approach to data integration is essential.Relying on one-size-fits-all data management products is likely to yield minimal results and increase long-term costs.

Organizational Goals

When business leaders establish clear goals related to business performance, they have a much better chance of arriving at a desired destination.Data integration is an essential aspect of attaining organizational goals.It’s rare that a company IT specialist possesses the skills and experience necessary to merge data collection sources into a unified decision making tool.Establishing a long-term relationship with a professional data integration solutions company is a more reliable way to develop a customized data integration system and achieve organizational goals.

Data integration is a proven means of eliminating data handling and enhancing organizational productivity.Well designed eCommerce solutions allow company leaders and representatives to focus on product and customer development rather than data mining and archiving.The industrial age was characterized by important developments in automation.Some things never change.A revolution in digital automation promises to change the business world forever.

Business Solutions

Increasing business efficiency makes it possible to get more done without adding more employees.Investing in productivity solutions is the key to continued business success.Data flow efficiency is a fundamental aspect of business success.This requires a willingness to listen to data integration experts and adopting a long-term approach to data management.When it becomes obvious that existing data management systems are hindering productivity and business performance, it’s time to consider the available options.

Data management systems don’t last forever.That’s why it makes sense to design a flexibleintegrated data management system that meets current needs while preparing for the future. There’s nothing more frustrating than a do-it-your-self system, plug & play integration application or add-onproduct solution that is incapable of keeping up with the volume of a growing business.It doesn’t take long for an aging legacy system to break down just in time for someone to hit the panic button.It’s time consuming and expensive to catch up with the digital age after falling behind.That’s why it’s best to stay ahead of the digital game by investing in a comprehensive data integration system.

Data Touch Points

The number of data collection touch points in an average business is astounding.Designing an efficient map that allows data to flow efficiently and be made available to key organizational stakeholders is a productivity goldmine.Always remember that the purpose of a data integration system is to accomplish important business goals.Data flow is never a finished product.A data integration system must be capable of adapting to market trends and revised business goals.Developing an ongoing relationship with an experienced data integration company allows the flow of business data to evolve naturally.

The flow of data encompasses so many digital languages.Connecting the flow of transaction data in a standardized way has the potential to invigorate any business.Whether a data management system integrates applications within a business or connects with external partners, converting and standardizing file types will ensure the viability of business data.Converted files, including PDFs, XML, EDI, hadoop and excel, makes it possible for businesses to import and export data in a standardized file format.

Improving business productivity and eliminating human error are only two of the enormous benefits associated with a properly designed integrated data management system.Under-investing in integrated data management is a costly mistake.The number of data touch points necessary to operate a profitable business in the digital age will undoubtedly continue to escalate.Deciding to learn about the available strategies for integrating data streams is a sound business decision.

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Guide to Buying a Small Business

Embarking on a small business venture takes courage, lots of energy, and a willingness to take risks. This guide to buying a small business, instead of starting a new business from scratch, will showcase several advantages that buying an established small business venture offers.

The current owner has already done the crucial, real-world testing, and established a cash flow track record, which proves the products or services have a market. Learning how to buy a small business is largely a matter of paying attention to due diligence, and evaluating three core concepts.

1. Cash Flow and Profit Margin

One of the most important questions to ask when buying a small business is what is its profit margin? Profit margins vary between industries, and you should do your homework on what is a competitive level to shoot for.

The income and cash flow statements should give you a window into what is working for the company, and if there are products or services that are dragging down the profits. What to look for when buying a small business is the breadth of the customer or client base. If losing one or two major customers would jeopardize the cash flow of the venture, you should develop a marketing plan that brings in new clients.

2. Human Resources

What to consider when buying a small business in terms of human resources are the following: employee morale, work ethic, and commitment to quality. Taking the time to talk with as many of the employees as possible is a great investment. You need to find out if they are committed to staying with the business, and if they have ideas on areas in which the business processes can be improved.

Just like a business that is too dependent on a few customers, the loss of key employees can also destroy the venture. You need to make sure the crucial employees are willing to stay, or train in their replacements.

3. Processes

There are processes the business uses for everything from marketing, customer service, manufacturing, inventory, billing, receivables, etc. By asking lots of questions on the current processes, you gain a clearer picture of the true health of the business. This post is a good guide to the legal processes which may be involved.

What is the cost to acquire a new customer, and how is it accomplished? Does the business rely on advertising, trade shows, or word of mouth, and is there a marketing plan to test new ways to generate more business? How much is an individual customer worth over time, and is there a system to sell them additional products or services?

How current is the business on paying its bills? And how efficient is it in collecting its receivables? The balance sheet may list receivables as assets, but the employees may know which ones really are unrecoverable.

How accurate does the business know the cost of goods sold? Many small businesses have very poor inventory control systems, and manufacturing often is delayed by parts shortages. Does the business check with several vendors to keep its costs down?

Is there space allocated to dead inventory? Just like bad receivables, some inventory listed as assets may well be worthless. Even worse, the dead inventory continues takes money to store, count, and manage.

If it is a manufacturing process, how current is the equipment? If a piece of equipment breaks, what is the repair or replacement cost? And what does the work flow look like. Many companies have just grown over time without any thought to work flow, and have ended up with an inefficient process.

What is the quality of the products and services the business produces? Do customers continue to buy from the business, and refer new customers to it? How good is the business at meeting its time commitments to customers? What is percentage of products that are defective, and returned?

Final Thoughts

After taking the time to investigate as many of the business processes and employees as you can, you will be in a position to evaluate the numbers. Is the business sustaining growth, or have revenues and profits margins dropped? What is the reason the business is now for sale?

Before you make an offer, you need to have a clear plan on the direction you want to take the company. Does it require more working capital, new equipment, new product development, expanded marketing efforts and better customer service?

By doing the appropriate due diligence, you can deduce the inherent risk of ownership, and the investigation process itself can uncover new ideas for your success!

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