June 14, 2017
Ask any entrepreneur in the world and they’ll tell you that the key to success is a good team. If you can’t hire, train, and delegate work to qualified employees, your good idea isn’t going to get passed the development stage. However, once you’ve hired these employees, it should be smooth sailing through the murky waters of owning a business. That is, if you don’t screw it up.
Retaining a quality team is just as important as hiring a quality team, which is why company culture needs to be a priority for your strategy. Making employees feel valued, welcomed, and supported is key to making sure your company has a bright future.
Wondering what kind of practices could ruin your chance at success? Take a look at a few of them below and make sure you never partake in any of them. Ever!
Overworking Your Employees
Entrepreneurs and startup founders are fiends for productivity. And while you may be inclined to work through the night to get a project ready for a pitch, forcing others to do the same is not only mean, it’s not even productive. Studies have shown productivity notably declines after working 50 hours a week, meaning that a little down time is good for everyone, even you.
Making Useless Rules
Being a parent and being an entrepreneur are two entirely different things. Making rules for the sake of appearing authoritative angers employees and undermines real rules that might be in place for an actual reason. Plus, with privacy concerns perpetually on the rise in this ever-evolving technology landscape, giving employees room to breath will facilitate the trust you need to be successful.
Not Caring About Employees
It’s one things for the CEO of Google to forget a name or two. But if you work in a smaller startup with fewer employees, not learning names is unacceptable. You have to actually care about your employees to get the most out of them, because they aren’t just cogs in your entrepreneurial project; they’re people.
Tolerating Poor Performance
Not overworking employees is important to building a stable company culture. But if you’re okay with your team performing below their level of expertise, you better be on their butts about it. Not only will ignoring it make the problem worse, it will also show other team members that you don’t have the authority to enforce rules, stupid as they may be.
Hiding the Big Picture
Being the boss means that you get to make the final decision. But if you’re hiding information from your team, you might as well call it quits now. Being kept in the dark is the fastest way to lose qualified employees, as they won’t feel trusted or valued in the business.
Being Flippant With Commitments
Yes, sometimes meetings are boring, useless, and an overall waste of time. But the “CEO” on your business card doesn’t mean you can blow them off when your schedule gets tight. Honor your commitments in the office with your team and with clients, because any falter will reflect poorly on you and your company.
Ignoring the Importance of Fun
Your office is a place of business. But it’s not the 50s anymore and having a little fun in the office is no longer a perk; it’s a necessity. Pinball machines, ping pong tables, and other fun amenities can make an office feel like home, leading employees to love coming to work. And isn’t that what retaining talent is all about?
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