The Hack to Building a Dream Team

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The Hack to Building a Dream Team

Summary

  • When setting goals for your team, create projects that necessitate collaboration and interdependence to succeed.
  • Encourage teammates to work together by establishing objectives that can only be met through mutual support and shared knowledge.
  • Introduce collective incentive structures focused on key metrics like total revenues, total profits, average revenues, or average profits.
  • Incentivize your team in a way that enhances their skills as collaborators, which will naturally raise the overall standard and performance of the group.
  • Design your team's targets in such a manner that each individual is motivated to enlist the aid of others, fostering a team-oriented environment.

Video

How To Take Action

I would suggest starting by setting team goals that need working together to make it. Like building a puzzle, everyone should have a piece that fits with the others. For example, if you have a bakery, make a goal to sell more cookies this month. Each person might have a different job, like making the dough, adding the chocolate chips, or packing the cookies. But everyone needs to help each other to sell the most cookies.

Then, make it like a game where everyone can win something. If the whole team can sell a lot of cookies together, maybe everyone gets a prize. This helps people want to work as a team because they all can get something good.

Also, help people learn to be better at working together. They should know it's important to share what they know. Imagine if only one person knows how to make the chocolate chip dough. They should teach the others, so the whole team can make the best cookies. This helps the bakery sell more and makes the team stronger.

Here's what you can do right away:

  1. Think of a big goal like selling 1000 cookies this month.
  2. Break it down: who will do what, and how can they help each other?
  3. Decide on a team prize like a fun day out if you reach the goal.
  4. Set up time each week for the team to talk, share ideas, and teach each other.

When everyone has a piece of the goal and a chance to win together, they will want to help each other more. You'll see that not only can your team reach the big goals, but also everyone will get better at working together.

Quotes by Leila Hormozi

"why would you expect them to be better teammates when you don't incentivize them on anything that would require them to learn the skill of being a better teammate"

– Leila Hormozi

"give them projects that require them to work with another person to achieve"

– Leila Hormozi

"how do you make goals that where they have to work together and help each other"

– Leila Hormozi

"even teach each other things that others might not know in order for them all to achieve this goal together"

– Leila Hormozi

"if you can incentivize them on things that requires acquire the skill of being a better teammate then you will by consequence raise the standard for all of them"

– Leila Hormozi

Full Transcript

why would you expect them to be better teammates when you don't incentivize them on anything that would require them to learn the skill of being a better teammate give them projects that require them to work with another person to achieve how do you make goals that where they have to work together and help each other even teach each other things that others might not know in order for them all to achieve this goal together total revenues or total profits or average revenues or average profits of X in order for them to achieve that goal they have to recruit the other four people to help and if you can incentivize them on things that requires acquire the skill of being a better teammate then you will by consequence raise the standard for all of them and I think that they will all perform at a higher level in general

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