Here are some of the top principles that we teach at WIZE and implement them in our own firms to get the best out of the production team.
When building a business, your focus as the owner should lie on developing people and building systems. The people and systems will then build your business even without you actively running it.
This is the key to working ON your business and not IN it.
There are three things that will help you get the best results from your staff:
- Implement a deep and narrow team structure.
- Optimise your production through capacity planning.
- Bring it all together through leadership.
When you put the right people in the right seat and identify the finders, minders, and grinders in your firm, you’ll be able to remove yourself from the business and maximise gross profits while you’re at it!
It is important to note however that great leadership is at the core of achieving this.
To become a better leader, you need to have the ability to be self-aware and understand your impact on others.
You need to be focused on getting the best out of others and have the ability to make good business decisions ie. Investing in the balance sheet vs being focussed just on the P&L.
With these strategies and better leadership, you’ll be able to have a stronger culture, better productivity in your teams, and an accountable and result-oriented staff.