Bootstraps & Bicycles: Part IVRead Now
Investing in Your Team
The story goes that a CEO and CFO were discussing the future of their company.
The CFO said to a CEO, “Can we afford to invest in our people?”
The CEO responded, “Can we afford not to?”
The CFO says, “What happens if we invest in our people and they leave us?”
The CEO replied, “What happens if we don’t, and they stay?”
Anyone who has built a team knows that finding the right people is just the first step. As Jim Collins wrote in Good to Great and Gino Wickman reiterated in Traction, the next step is to get the right people in the right seats.
By this time, I am assuming you are at least interested in understanding your strengths, so you now know, or have a good guess, which seat you need to sit in to bring the most value to your business. If you know where you are sitting, then you know what seats are empty. Finding the team members to fill those seats is the first challenge. The second is making sure you have them in the right seats, so they generate the most return on your investment—and on theirs.
People hired just to fill a seat will end up being in the way and slowing down our progress. A well vetted team member put in the right seat can take us places we haven’t even imagined yet.
Investing in our team will mirror much of our personal journey to identifying our strengths and seating ourselves in the position in our business where we are generating the most ROI for our time and energy. The following are some additional ideas:
A well invested in team can take us to the next level of success and satisfaction. If we invest in our team and keep putting people in the right seats, we are going to find that while our business is doing more than ever before, we may be doing less. This may result in a unique situation of asking, “What do I do next?”
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As a teacher, speaker, writer, problem solver, and storyteller Chris embodies the phrase, “jack of trades, master of none, often times better than master of one.”