Your team is at the core of what you do as a business owner. However, far too many of us find ourselves trying to take over roles that should be filled with trusted team members. A high-performance leadership team is one of your strongest assets as a CEO (or CEO in training). However, building that high-performance team can be a real sticking point for many CEOs. Most of the day-to-day tasks of leadership come with the territory. However, building a high-performance team requires interpersonal skills that aren’t necessarily taught; they come either with experience or with the guidance of a trusted mentor.

 

The inspiration for this week’s article stems our podcast with Chris Tincher. In it, he discusses the challenges he sees to get to his goals of delegating tasks to his team. This will require him to build a team he can trust so he can focus on higher CEO-level activities.

As a business owner, you already have to wear many proverbial hats. You’re the brains of the business and the nucleus of the entire operation. High-level decision-making depends on you. When you’re distracted by having to wear even more hats than you might otherwise, that decision-making can become impaired, leading to worse overall outcomes for your business. What this ultimately calls for is a high-performance leadership team working under you, to which you can delegate those day-to-day managerial, administrative, and housekeeping tasks. The ultimate goal is to give you as much time as possible to focus on your real goal – the business of running your business!

 

To achieve this, it’s crucial to foster trust within the team you’ve assembled. They should feel supported in their roles, enabling effective performance, while you gain confidence that tasks will be executed as needed, reducing the urge to get into the weeds.

 

Here are three elements that lay the foundation for a relationship between you and your team built on trust and excellence:

 

  • Managing Results: Fostering trust within your team hinges on effective results management. Do your team members share a clear understanding of the organization’s mission and purpose? Are they confident in their contributions and aware of the significance of their efforts? It’s essential for employees to feel a connection to both their colleagues and the overall mission, understanding how their individual contributions shape the organization’s success. This process entails establishing clear expectations, benchmarks, milestones and accountability check-ins, reducing the likelihood of misunderstandings when everyone is on the same page.
  • Transparency: Transparency is a vital aspect of results management. It fosters clear communication and can solve or prevent issues between the leadership team and the CEO. Openness about milestones and external factors affecting the team’s capabilities is crucial. Sharing information regarding potential impacts on product delivery allows collaborative problem-solving, enhancing workflow preservation. Hiding information only creates more problems, emphasizing the importance of transparent communication.
  • Celebrating Wins and Recognizing Excellence: Your leadership team is composed of individuals who positively respond to recognition. According to a recent study, 37% of employees feel motivated to deliver better work when they receive personal acknowledgment. Celebrating training and development success is essential, and one of the most effective ways to do this is to recognize and reward the achievements of your learners and trainers. Therefore, when your team achieves remarkable success, it becomes crucial to acknowledge and celebrate these accomplishments. Recognizing excellence plays a significant role in boosting morale and fostering loyalty within the team. Positive reinforcement stands out as a fundamental element in maintaining a high-performance leadership team.

In summary, trust is nurtured through effective results management, transparent communication, and celebrating achievements. These elements contribute to a robust relationship between you and your team, ensuring a culture of excellence and mutual support.

 

Are you looking to build a trustworthy team to help lead your business? We understand that reaching a point where you can entrust your team with managing your business is a challenging yet rewarding endeavor. CEOs deserve the opportunity to step back and concentrate on the broader aspects of their business. If you’re seeking guidance, consider scheduling a free consultation with one of our experienced business coaches.

 

Book your free consultation today using the link below and take the next step to spend more time on what matters to you- growing your business: https://go.scheduleyou.in/Jnt4Lzqat