Great Companies Aren’t Built by Any One Person

By: JP George

One of the biggest mistakes business owners make is thinking they can run their business alone. They think they can do all the heavy lifting by themselves. However, they are making a vital mistake. It takes many people working together to make a business run effectively. By failing to see this simple fact, business owners are putting themselves and their business in danger. By trying to control everything, they are limiting their company’s’ potential profits.

Therefore, understanding that it takes a team to build a business is vital. Businesses run like a well-oiled machine. Many parts are working together to achieve a common goal. When this happens, the sum is greater than the individual parts. Let’s take a look at why companies need a team, not just one person, to succeed and flourish.

A business requires many skills

To run it business, it takes a variety of skills and talents. A business needs marketing, accounting, customer service and more. No one person can master all of the skills it takes for a business to be successful. It starts with a team. Without a strong team, no business will be able to survive. Many business owners tend to forget that every employee plays a vital role in either the success or failure of every business.

If you want a strong team, you have to know how to hire properly. You have to be able to read people. A bad employee will rarely tell you he does not plan to do his best while at work. You have to look at each potential employee’s body language, clothes and facial expressions. This takes time, but reading people during interviews is a skill that comes with practice. When you are able to read people, you will be able to build a strong team based on loyalty and trust. Another key to building a strong team is offer incentives and come up with creative employee appreciation ideas for positive performance. Offering service awards is an excellent example of an incentive.

You can’t be everywhere at once

As a business begins to grow and expand, there will be more elements to manage. Depending on your business, you will have several departments that need to work together at the same time. If you try to do this alone, it will be inefficient, and it will limit the potential growth of your company. You cannot do marketing and take care of accounting at the same time.

You can’t respond to customer emails while preparing packages for shipment. Having a strong team allows these vital elements to work alongside each other. When this happens, you can grow and scale your business. Because you have some many key components working at once, you will be able to expand.

You can’t work 24/7

Whether you like it or not, you will have to sleep. It’s a required human function. If you don’t have a reliable team, your business will not be able to operate while you are away. Do you want a business that makes money while you are not working?

Furthermore, when you have a team, you can have people contributing to the success of your business 24/7. This will give you a chance to step back and relax. Having a team helping you grow your business allows you to come up for air. Overworking yourself will decrease your productivity, and it can cause health problems.

As you can see, your business cannot be built by a single person. For a business to thrive, it needs a team. If you want your business to be successful, you will need a strong, trustworthy team. Trying to do everything on your own is not effective, and it will stress you out. There is no way around it. If you want to grow and expand your business, you need a team.

By JP George

Image credit: Teamwork and cooperation concept from Shutterstock.com