So, you are done with finding the right people for your business and have built an effective startup team!
It’s great achievement, but just building an effective team does not guarantee startup success. In order to achieve the desired results and meet the targets, you must sustain the productivity of the team.
For almost all entrepreneurs, the most difficult phase is to keep up the team momentum and productivity; this article will focus specifically on sustaining the team momentum, productivity and enthusiasm.
When it comes to start-ups, employees should feel the belonging and should have a stake in the business in order to keep the sense of responsibility and partnership. This does not mean that they are shareholders but supporting systems, such as:
- Performance appraisal system
- Or, just any other that helps bringing more business to the company
It’s simple, the more business an employee brings, the more profit organization makes and more reward he gets. Even you can also include the non-sales teams into the reward program to develop the sense of ownership and a reason for them to grow their own skills and expertise.
Remember, rewarding and recognition is a must!
We all like to be praised and appreciated. It keeps us motivated and ready for upcoming challenges. For starting business, this is very important to build the trust and set examples of leadership.