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Know Your Team

The last financial success pillar is knowing your people.  People are your most valuable assets.  Attracting talent to your business is only the first step.  Continuing to motivate and grow your team to support the missions and visions of your business to drive profits are the most important role as the CEO.  Learning what it takes to effectively manage, not micromanage, your team and hold them accountable is a critical skill.  As your company grows, your business will become more complex and that is when we see more silos.  You will quickly find some of your people might not have the skills to grow with your company.  Many businesses lack the ability to invest in their team of continuous learning.  Ongoing assessment of your team will help ensure you have the right talent at the right job.   Communication is not only a one-way direction and having an open-door policy and creating a high-performance culture builds trust and reduces attrition.   Keep in mind people quit because of their managers and hiring the right people to grow with your business will pay dividends to your business long term.   Attrition is costly to your business, and it impacts your team, bottom line, and your clients.   We help clients establish a clear performance guideline and customize a pay for performance compensation plan for their business to help motivate, grow, and retain talents.