A single person can be good to come up with a great idea but to execute the idea, it is very important to have a team. Sometimes people who have great ideas may not be great team players but ultimately for any business, one single person cannot do all the activities and see success. If we are not good with people, we have to be very careful and not do that. The best way to handle it is to find someone good with people and try to execute the idea as a team instead of trying to do everything on our own.
I have seen a few friends who wanted to do a business and most of the time they would try to do everything in the business. Some people might be good at something and suck at something else. Trying to do everything on our own can affect the quality of the final output. Hiring a great team with a good hiring process and using them for execution is very important in the execution process of the business. We have to make sure that the execution team is also motivated and compensated very well so that they stay aligned with our business and they don't leave us when we have a very important need.
Delegating the tasks to respective teams
When a person is having a good idea for a business, the idea might be very strong but the person who is ideating may not have all the skills to execute the idea. Sometimes the biggest failure also happen when the person who has the idea tries to do all the work by himself without having the right skill set. Not everyone can say that they are good with IT and not everyone is good with admin aspects of the business. Having the right team and delegating the tasks to the right team members will help in taking the idea towards the execution level.
A good businessman should know how to delegate and get the tasks done from the right teams. Doing all the tasks by ourselves may not be a good business model and for a business that is big enough to have a huge turnover can expand only if the standard operating procedure is set in stone and a great executing team is available in multiple locations to handle the business. Today we have so many marketing strategies available to bring success to our business.
Teams sharing our vision and mission
From time to time, it is important to identify if the team members are also sharing the same vision and mission of the company. There is a high chance that people might lose focus or get distracted. Especially with team members who are dedicated to doing the tasks given to them, the leader must keep pushing the vision and mission of the company so that the finally output of the business also carries the vision and mission in it.
Having a concrete vision and mission is very important in the business but at the same time keeping it simple is also important because it can then become challenging if we try to impose it on the executing team members. Even in a case where the team members get lost, the vision and mission should be simple enough to get back on track with the business we are doing.
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