The Power of the Ownership Mindset that will Transform Your Team

“An ownership mindset means taking responsibility for outcomes and being empowered to make the decisions that will lead to those outcomes.” Atlassian

Do you have a team of “do-ers?” A team that is good at doing what you tell them to do but struggles in:

• Offering ideas for improvement
• Being self-sufficient
• Being accountable for the results of company activities 

As a business owner, it’s not ideal to have to constantly tell your team what to do, when to do it, and how to do it. You hire employees to take responsibilities off of your plate by designating it to people who are capable of doing it as well as, if not better, than we can. 

Of course, we need to manage our team by keeping them accountable to these responsibilities and ensuring they are implementing them effectively. But we shouldn’t have to do the work for them or remind them of key tasks required of them. 

Creating a thriving and self-sufficient team requires a very specific mindset: the ownership mindset. 

Ownership can start at any level of the organization and is fueled by passion and commitment.Stepping up means following through and ensuring that quality is the focus.

Ownership is caring about the outcome regardless of where your position falls on in the organizational chart and ensuring quality is the focus and the results are being accomplished. 

How Can My Team have an Ownership Mindset

Look at how you display the Ownership mindset to your team.

As an owner, an ownership mentality within an organization means providing clarity about accountability and building trust. You ensure the organization understands that stepping up means following through and ensuring that quality is the focus.

Ownership for business owners means staying accountable to the mission you’ve set for your organization with careful consideration of the goals of the business. 

When you have an ownership mindset that is consistently followed by the actions you take in the business, you will then inspire the rest of the organization to adopt the same mindset.

How to Build a Culture of Ownership in Your Business

Building a culture of ownership takes time and consistency and needs to be led by the top levels of the company. There are several steps you can take to build a culture of ownership throughout a company. Forbes.com in 2017 outlined five steps to encourage an Ownership Mindset at all levels of your organization that ring true today.

Support Freedom and Responsibility -Empower employees to drive change, innovate, and improve processes and practices so that they can build customer intimacy and loyalty. 

Change the Mindset - Focus on contribution vs. control and encourage employees to add value, knowledge, and innovation to the company. 

Embrace Shared Values -Communicate that success of the company hinges on the values that guide the desired behaviors and actions of employees

Focus on Positive Reinforcement - Encourage employees to use discretionary decision-making to solve a problem or to better serve the client, aim to give that person positive reinforcement

Support Entrepreneurial Thinking - Promote transparency and support a focus on generating sales, cutting expenses, and looking for alternative sources of revenue. 

Are you ready to stop “hand-holding” your employees and see them become an efficient, self-sufficient, results driven team?  

Contact one of our business coaches today for a deep dive into your business’s culture and discover areas for improvement. We only offer 5 of these a month so 

you’ll want to get this scheduled quickly!

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