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Building Exceptional Teams
Baton Rouge Entrepreneur’s Week Presentation
5 Elements of a Successful Team
Thoughtful Sense of Direction
Market-Oriented Behavior
Strong Competitive Position
Bottom-Line Focus
Effective Organization
Building an Exceptional Team
It all starts with the Owner
How?
What can the owner do?
Start With a Strategic Plan
Peter Drucker, father of modern management:
“A leader’s first job is strategic planning”
Begin with a vision
–What do you want your company to look like in 3 years / 5 years / 10 years?
–What will the future look like in which you operate your company?
Take a Critical Look in the Mirror
Where are you today?
Perform a realistic competitive analysis:–What are your team’s Strengths?
–Weaknesses?
–What Opportunities can you capitalize upon?
–What Threats can you anticipate?
The Planning Pyramid
Privately Owned Companies Are Different
Owner’s Personal Vision
HOW DO I FIND/MAKE THE TIME TO PLAN – I’M TOO BUSY!
Get a Coach
“A coach is someone who tells you what you don’t want to hear, who has you see what you don’t want to see, so you can be who you’ve always known you could be” - Tom Landry
Former Google CEO Eric Schmidt
Even Jack Welch & Bill Gates had a business coach
Value of a Business Coach
Impartial 3rd party
Someone with whom you can be totally honest
Someone who will
– Challenge you
–Hold you accountable
–Help you to see your blind spots
Surround Yourself With Good Advisors
It’s a 3000 year old idea:
– “Plans fail for lack of counsel, but with many advisors they succeed.” Proverbs 15:22
Corporate Boards of Directors exist to help CEOs:–Make better business decisions– Provide an outsider’s perspective– Provide accountability
Surround Yourself With Good Advisors
A board of advisors composed of other business owners will:
– Provide different perspectives & skill sets
– Give unbiased opinions
– Focus on solutions
The Alternative Board(TAB)
Bring groups of business owners together in small groups, or boards
– Monthly board meetings
– Focus on solutions
Between board meetings TAB provides business coaching to each board member:
– Enabling entrepreneurs to go from wherever they are to wherever they want to be
– Unique CEO planning tools
5 Elements of a Successful Team
TAB positions CEO’s / Owners to be successful:
– Thoughtful Sense of Direction
–Market-Oriented Behavior
– Strong Competitive Position
– Bottom-Line Focus
– Effective Organization
THE GROWTH DILEMMA
Owner Transition
Freedom Entrapment– Too many hours at work–Not enough time with family–No time for hobbies or other
diversions
All of the financial responsibility / risk
Rising stress level No time for:–What you most love to do–What you are most talented
Decision Point
Downsize to a more manageable scale
– Financial feasibility?
– Strategically desirable?
Hire one or more second-in-commands (SIC)
– Training is key
What an Effective SIC Needs
Understand how an owner thinks
Understand individual skills
How to develop an effective team
Upward & downward communication
Organizational change
Customer communication/management
Leadership skills
Leadership Management 2.0
LSU Continuing Education and The Alternative Board – Metro Baton Rouge partnering to bring this new course to businesses in metro Baton Rouge
Uses The Noise Reduction System™ based on Make The Noise Go Away by Larry Linne
First time for Baton Rouge
Uniquely for SICs
What is the Value of Training a SIC?
Leadership Management 2.0
Course Details:– First Class on Jan 10, 2012
– 10 Class meetings approx 2-3 weeks apart
Each class runs 7-9 am
Homework exercises & course design ensure lots of owner/SIC interaction
– Last Class on June 26, 2012
– Funds available through Louisiana Workforce Commission may cover most of the course fee
5 Elements of a Successful Team
Thoughtful Sense of Direction
Market-Oriented Behavior
Strong Competitive Position
Bottom-Line Focus
Effective Organization
CEOTools
SICTraining
Available through TAB
Available through LSU Continuing Education
The Alternative Board – Metro Baton Rouge
&
Bringing You the Tools & Resources to Build
Exceptional Teams
Thank You!
For more information:– LSU Continuing Education
www.outreach.lsu.edu
Lisa Verma- (225) 578-4316; [email protected]
– The Alternative Board www.tabmetrobr.com
Tim Stoll- (225) 636-2091; [email protected]
