Behind Every Great Business Is a Great Team

Summary

• Behind every successful business, like Gym Launch and Prestige Labs, is a strong team. It's not just me and Alex; the team's efforts are crucial.
• When building a team, look for individuals with the capacity, character, and motivation to lead and grow the business.
• Prioritize humility over arrogance in team members. Humble leaders are more open to learning and adapting.
• Promote employees based on their rate of progress rather than just their current performance. This encourages continuous improvement and growth.
• Intelligence is defined by the speed of learning and applying new behaviors to similar situations.
• Embrace extremes instead of avoiding them. Extremes often push the boundaries and lead to innovation and growth.

Video

How To Take Action

Implementing Key Strategies for Success

I would suggest implementing a strong focus on building a capable and motivated team. Since every great business needs a strong team behind it, it's essential to identify team members who have the capacity, character, and motivation to lead and grow the business. Look for people who have the potential to make a difference.

A good way of doing this is to prioritize humility over arrogance. Humility in team members makes them open to learning and adapting, which is crucial for growth. You can start by acknowledging humble behaviors and encouraging a culture where learning is more valuable than simply knowing.

Next, promote employees based on their rate of progress, not just their current performance. This can be easily implemented by setting up regular check-ins where you discuss their growth and development plans. This way, continuous improvement becomes a part of your team culture.

Additionally, understand that intelligence in your team can be seen as the speed of learning and the ability to apply new behaviors to similar situations. Encourage team members to share their learning experiences and how they applied new knowledge to solve problems. This not only fosters a learning culture but also supports innovation.

Lastly, embrace extremes rather than avoiding them. This means being open to trying new approaches and not shying away from the bold moves that can lead to significant breakthroughs. Start small by encouraging your team to take well-considered risks in their projects and celebrating these efforts, regardless of the outcome. This creates an environment where innovation and growth can thrive.

By focusing on these strategies, you can build a strong, capable, and motivated team that drives your business toward success.

Full Transcript

what is strong is the team that we have assemble and behind every great business that we've built gym launch Allen Prestige Labs acquisition it is a team of people behind it it's not just me and Alex it is the team that has been able to do it and so I will preach this until somebody actually gets it how do you know that somebody has the potential to be a leader in your company that can make change and grow the business we want to look for people who have the capacity the character and the motivation and then the three principles we want to use once we identify the people is prioritizing humility over arrogance promoting for rate of progress rather than current performance intelligence is the speed of learning it's the ability to apply a new Behavior to the same circumstance and embracing extremes rather than flying away from them