What makes a successful business thrive? That's what eight out of 10 new entrepreneurs would like to know, because their businesses fail within the first 18 months, according to Bloomberg.
Creating the right environment is crucial for success. You don't have to be a business guru to recognize when a business is firing on all cylinders that everyone is putting their skills to maximum use, working together and actually having a good time. How to create that chemistry – that's the question.
Of course, you need folks with the right qualifications who are willing to bring their A-game every day. But there are also character traits to look for: a positive, can-do attitude, for instance. If a person doesn't fit in the mix, not only will he or she be less likely to bring their best, they can also compromise everyone else's game.
What does it take to get that hum every CEO wants, both in the office and in one's respective industry? Consider the following essential building blocks for a thriving work culture.
An A-player is someone who brings all of the necessary qualifications to the table – perhaps more than you were expecting – and that something extra as a human being. Of course, that isn't always readily apparent during a 45-minute interview; it can take time to see the true colors of a talented individual come through. This speaks to the importance of having an intuitive hiring manager, which may be a small business's CEO. Also, it's important to have A-players who put the team first. Egomaniacs who cannot collaborate can grind productivity to a screeching halt.
Having fun not only helps your team do well, but it's also a sign that you're doing things right. Where fun and work meet is the understanding from employees that they're making a difference. You want a team of individuals who are motivated by the "why" of what they do. Fun at work means having energy and enthusiasm while tending to the tasks at hand.
A family environment significantly facilitates a team mentality, especially for those quiet geniuses who like to keep to themselves because they're shy. But why stop there? Extend the love to clients, suppliers and other crucial components of the business. Without these folks, your business couldn't survive.
Team members are driven by the "why" of what they do. The right content in the right person's hands at the right time can change the world forever. Share stories, passion and knowledge to guide and help others learn and grow.
Seek to uncover and promote the leader in everyone on your team by encouraging all members to follow a path of personal and professional development. With increased knowledge, experience and skills, people lead a more fulfilled life, which can profit everyone within a working environment.