Resilient TeamA resilient team is one of the prime assets of your business. As you put together your business, hiring the right employees and making sure they can form a strong, resilient team should be one of your primary focuses. But in addition to your employees, there is also a second TEAM of Trusted Experts, Authorities, and Mentors, that needs to also be assembled. This group can help you start up a truly remarkable business or take your current business to the next level. Many of the entrepreneurs I meet with have a loosely-assembled TEAM to work with, but now is a good time to tighten up that roster and make sure you are ready to make 2021 your best year yet.

7 Strategies to Build a Resilient Team

This week, the Harvard Business Review had a good article on the 7 Strategies to Build a More Resilient Team. Keith Ferrazi and his co-authors from LHH do a good job of taking Apple’s recent announcement that their team is the key element to Apple’s recent Q4 earnings. Before diving into their strategies, they also identify four characteristics of resilient teams:

  • Candor
  • Resourcefulness
  • Compassion and Empathy
  • Humility

With these characteristics in a team, your hopes of building a long-term group that can weather challenges are increased. To build that team, the authors recommend some practices for you to implement:

  1. Candor Breaks
  2. Independent Observers
  3. Story Sharing
  4. Owning Challenges
  5. Show That You Care
  6. Temperature Checks (energy levels, not a literal forehead scan with a thermometer)
  7. Commit to Building Each Other’s Resilience

Building these teams are often done inside your business. They consist of your employees and executives. But they’re not the only type of team you should be building.

Have You Assembled Your TEAM?

I have long encouraged my clients to assemble a TEAM to assist their business. TEAM serves as an acronym for Trusted Experts, Authorities, and Mentors. While you know the core product or service of your business, there are many other responsibilities to running a business that are likely outside of your expertise. Even if you’re a serial entrepreneur, there are things that are not your specialty. So, you need to find experts, authorities, and mentors to help your business.

This TEAM will often not be employees of your business. They will be people outside your business who can help you with specific needs. Especially in the case of mentors, you hopefully have found someone who has done it before and can help guide you through new challenges.

When I first meet with new business clients, we always discuss the concept of their TEAM and who is on it. If they don’t have trusted experts like accountants, financial advisors, and technology specialists, we add that to the list of things to be done. Another area not to ignore is your marketing. No matter what type of business you are in, there is a marketing authority out there to help with marketing your business.

Whether you are starting your business fresh or are just reviewing where you are now, making sure you have all the important members of your TEAM in place needs to be on your list.

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Next Steps

If you are thinking of starting a business or already started your business and it’s time to review your documents and where you are, give me a call and we can set up a TEAM meeting to discuss who can help and what documents would be best tailored for your company – (877) AMAYERS.

Andrew Ayers
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I work with business and estate planning clients to craft legal solutions to protect their legacies.
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