Here’s a great truth: no individual can accomplish everything by himself or herself. Each person has weaknesses, and the best team balances those weaknesses with individual strengths. Teamwork is an important element in every organization’s success. As celebrated NBA coach Phil Jackson said, “The strength of the team is each individual member. The strength of each member is the team.” Steve Jobs, famed Apple executive said pointedly, “Great things in business are never done by one person; they’re done by a team of people.”

Why is Teamwork Important?

Creating and fostering teamwork leads to having the best team. The best team:

Creates a synergetic effect, making the sum of the effort greater than the individual parts.
Removes constraints and more effectively empowers individuals to contribute.
Encourages multi-disciplinary work.
Fosters greater flexibility and responsiveness.
More effectively pleases customers.
Promotes a greater sense of achievement, fairness, and camaraderie.

How to Create the Best Team for Your Business

Building and fostering the best team for your business requires:

Hiring the right people. That means carefully defining the specific skills that you need. It also means carefully defining the roles that need to be filled, then communicating the job duties to each employee. It means finding people with relevant experience. It also requires finding individuals who will be enthused about and committed to your business (not just looking for a paycheck.) Good communications with your team. That requires transparent sharing of information so that team members feel valued and included. Team meetings are also critical for involvement and “buy-in.” Facilitate healthy brainstorming. Encourage good non-work conversations.
Work on improving performance by emphasizing long-term goals, avoiding blame, and building trust. Foster a team spirit by breaking up cliques and creating out-of-work socializing.

Seek Expert Financial Assistance

Contact Star Capital USA, based in Greenwood, IN. We say “Yes” to the unique needs of small businesses by offering an extensive portfolio of commercial finance products designed to provide the essential funding to fuel your enterprise’s growth.