This Belief Stops You From Making Millions

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This Belief Stops You From Making Millions

Summary

  • Always invest in people as if they will never leave. This builds a strong and positive culture.
  • Understand that fear of employees leaving should not stop you from investing in them.
  • It’s beneficial to put energy into helping someone grow, even if they decide to leave eventually.
  • Know that when people leave, it can sometimes be a positive thing for both them and the company.
  • The belief that people might leave shouldn't prevent you from putting effort into your team.
  • Building a great culture means investing in your people and making them better.

Video

How To Take Action

I would suggest implementing a few key strategies that are both low-cost in terms of money and time and high in value for your small business or personal growth journey.

  1. Invest in Training and Development: Start small by offering learning opportunities like free webinars, access to online courses, or even setting up a mentorship program within your organization. Helping your team learn new skills can boost their morale and productivity, and it doesn’t require a hefty budget.

  2. Regular Feedback and Recognition: Take time to give regular feedback and recognize the efforts of your team. Even a simple thank-you note or a shout-out during meetings can make a big difference. When people feel appreciated, they are more likely to stay and contribute positively.

  3. Open Communication: Encourage open communication by setting up regular one-on-one meetings with your team members. This helps in understanding their goals and aspirations, which in turn allows you to support their growth. It doesn’t cost anything but time and builds a trustful relationship.

  1. Empower Your Team: Give your employees more autonomy and responsibility. Trust them to make decisions and involve them in planning and strategies. This not only aids in their growth but also builds a robust and inclusive culture.

  2. Focus on Personal and Professional Growth: Share books, podcasts, or articles that can help in personal development with your team. Create a culture of learning and growth without worrying about people leaving. It's an investment that pays off, even if they eventually move on.

  3. Exit Interviews and Improvements: When someone does leave, conduct a thorough exit interview. Understand their reasons and see if there are any patterns. Use this information to make improvements in your workplace. This can be a positive step for both the company and exiting employees.

By putting these strategies into action, you can build a more invested, motivated, and loyal team. Don't let the fear of them leaving stop you from making them better.

Full Transcript

a core piece of leadership is that you invest in people as if they will never leave but know and even hope that they will a lot of leaders they will never have the culture that they want is because they are too afraid of investing in people and then leaving and a lot of times what people say is they're like I get I get what you're saying Lea but what if I put all this energy into someone and and then they leave and it's like oh yes so what if you invest all this energy into making someone's life better you make them a better person and then they leave like there's a lot of reasons that it can be good for somebody leave a company now are we saying that we want that every instance of course not we want people to stay when we love working with people and we like them but the point of it is is that this belief prevents so many people from putting the effort into their team that actually Builds an amazing culture

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