Interested in succeeding in what you do and brightening your future? Now’s the time to assemble the right team – for your success and for the growth of your company. I was recently asked to host a panel on “Building a Team” for the Tampa Bay Community Network. The series revolves around entrepreneurship and keys to success. Expert panelists included Key Associates, Inc.’s partner, Michelle Royal of How do You Innovate?, Dr. Jody Tompson, Professor and head of the Namoli Center for Strategy at the University of Tampa and Pearl Para, internal consultant for the USF Small Business Development Center. In essence, the program looks at what goes into an effective team and how to assemble one with limited resources. The panel shares some helpful tips on what works and what doesn’t.
Having a team made up of both internal and external talent can make the difference between success and failure. Over the years in working with entrepreneurs and key leaders, I’ve noticed that those leaders who seek out skilled outside advisors as well as hire the right team of internal talent far exceed their peers in the attainment of goals, effective leadership and in profitability. For example, in helping Inc. Magazine expand their Inc. Eagles CEO program nationally, I observed the CEOs and how they benefitted over time. The participating CEOs that I worked with grew their companies 26% annually on average and reported increased confidence in their decision making over a three year period of time. Having a peer group of CEOs or a peer group of key leaders who report to the CEO that meet regularly as a team can be one of the best ways to test out ideas, tackle difficult issues and have a brain trust of experienced peers that save you time and money. Most of all, it gets lonely at the top and the support that an external board of advisors provides is priceless.
To view the program on YouTube, click here.