Tyler Sheff | Entrepreneurship

Tyler Sheff and the Cash Flow Guys talk real estate, investments, and entrepreneurship.

Tag: Leadership Development

How Important Are Team Meetings and Events?

A fundamental part of creating a positive and engaging work environment is to foster a sense of inclusion amongst your employees. Entrepreneurs and corporate leaders have long been aware of the importance behind inclusion. Other than simply making employees happy, promoting an inclusive environment can have a substantial impact on the company’s revenue. Team meetings or outings are valuable occasions that are the perfect opportunity to boost morale, so long as they’re effective.

More often than not sales meetings can be perceived as a waste of time to employees. If the story you’re telling isn’t inspiring, you’ll lose engagement. Sales meetings and team outings are a great way to convey the strategic direction of the company. By sharing such information with your employees, they’ll feel as though they’re apart of ‘the big picture’. These meetings are also the optimal time to obtain feedback. Take some time to give employees the floor, and encourage them to share their experience within the company and working with customers. Ensure that each sector and every department is present during these meetings. In facilitating a company wide meeting or event, it will help improve cross-functional team work. Having different departments included will give employees insights on company initiative that they may not have been aware of.

When facilitating these types of events, it’s imperative that the CEO, along with senior management, is present. A lack of inclusiveness or engagement can often times stem from a company’s hierarchy. If employees feel as though their superiors are unapproachable, they’ll be less likely to feel connected to the company and consequently less engaged. A best practice would be for senior management to take part in the event and lead certain sections of the meeting.

Team building exercises or meetings can be highly effective, if done correctly. Facilitating team events can help generate lasting cohesion amongst the company and in turn, lasting results. As a business owner, or even as a manager, it’s important to acknowledge the value in these events. Team building is a fundamental component of your success, invest in inclusion!

The Key To Communication

As an entrepreneur there are many qualities that come into play in correlation with your success. In a previous blog post of mine I shared some of the attributes that were typically found to be most admirable in a leader. Personally, I’ve found that along with those attributes, what’s of grave importance for entrepreneurs is having the ability to communicate. If you’re unable to connect with people, listen to the opinion of others, or convey your ideas in a collective manner, how can you expect to find your ultimate level of success?

When approaching any conversation it’s important that you’re mindful of your emotions. Being overly emotional, in any situation, is a recipe for disaster. Often times, we can be quick to lash out when an issue arises. Before you communicate your concerns or opinion on the situation, be sure to take a moment to collect your thoughts and approach the manner logically. Go into the conversation with clarity on the point you wish to make, but also be mindful of the other person’s thoughts.

Should the conversation that you’re about to partake in be of an uneasy nature, take a few deep breaths to rid yourself of nervous energy. With every interaction or conversation, it’s important that you’re honest. You’ll want to use your discretion here, as being overly honest can come with a negative connotation, but being truthful will ultimately help you establish credibility and rapport.

Another key component in communication is being an active listener. Often times, this is where most leaders are lacking. As important as it is to convey company direction and opinion, it’s equally important that you listen to feedback. When you listen to the opposing party, with intent, you foster a better relationship with people. It’s important that you understand the value in listening to others, and look at it as much more than just a passive task. It is an active process that requires more than digesting information from someone else.

Being mindful of your emotions, remaining honest in conversation, and listening with intent will certainly improve your communication skills. Foster these behaviors and others will acknowledge and appreciate your ability to effectively communicate with others.

Increasing Productivity In The Workplace

Any successful business leader or owner knows the importance of productivity in the workplace. A successful company values efficiency in both their process and employees. When you focus on maximizing your sales and minimizing your costs, you’ll drive greater profit. The overall concept of increased productivity, in any environment, is to accomplish as much as possible in the shortest amount of time. Increasing productivity in your workplace can be of substantial value to the company in more ways than one.

Whether it be through production or client communication, increased productivity will eventually translate to the consumer. Quick turn around times on orders or customer interactions is often valued by the customer. Being diligent about addressing concerns and making the customer experience as efficient and pleasant as possible will have a significant impact on your business in the end. By demonstrating your efficiency in both of these matters, the customer feels appreciated thus, you’re creating a highly satisfying experience.

Once you’ve created these captivating experiences for your customers you’ll start to establish loyalty and rapport which, in turn, drives results. Consumers will be more likely to return for your services and suggest your business to others. When a company becomes successful, they have more resources to allocate. Whether it be through expanding departments for growth or simply company culture initiatives, those added resources or opportunities made available to employees will make for a better work culture. The success of a company will ultimately shift morale in a positive manner. When you’re generating more profit and you’re able to reward employees with such incentives, the entire company becomes gratified and motivated.

Investing resources into improving overall productivity will result in a significant return on investment. By executing more, in a shorter amount of time, you’re turning a greater profit. When a company turns a greater process, they have more resources to allocate to improving company culture. Allocating more resources to improving the workplace culture will have a substantial impact on the overall morale and will motivate your team to drive similar results. Increasing productivity in the workplace will generate positive momentum for your company in more ways than one!  

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