15 Minutes To Action - How To Develop A Business Ownership Mindset With Your Team
In this week's '15 Minutes To Action' episode, Nick talks about the difficulties that some business owners face in terms of equalising the mind-set between employer and employee, and how you can best help your people to realise, and align with, your vision and goals.
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https://highvalueexit.scoreapp.com/
KEY TAKEAWAYS
Your people will, in general, view their role in your organisation as a job. This means they are less likely to want to take on risk, but it also means they fail to sometimes view the upside of what risk can produce. Many who join a small business are joining because they believe in the mission, and they want to be part of its success. Communicating your vision should also include an explanation of what that vision means for your team. Tell them what is in it for them. Honesty is key to gaining the trust required to invigorate your people. If things go well, tell people. If things aren't going well, have the courage to communicate that.BEST MOMENTS
'You've got to start putting things in place that will allow or foster that culture'
'You as a leader have to have a really strong vision'
'Be very open, honest, and vulnerable'
'You start to bring people in who understand that culture and awareness of what you're doing'
VALUABLE RESOURCES
Scale Up Your Business – scaleup.vip/podcast
Join the free Scale Up Your Business community: scaleup.vip/community
Take the Six Peaks of Value Creation Scorecard, to measure your current business performance and show you where to focus to get to where you want to be: https://scaleup.vip/sixpeaks
Tony Robbins Disc Assessment - https://www.tonyrobbins.com/disc/
ABOUT THE HOST
Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses globally.
Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.
CONTACT METHOD
Work with Nick: https://highvalueexit.com
Nick’s Facebook page: https://highvalueexit.com/fb
Nick’s LinkedIn: https://highvalueexit.com/li
Nick’s Instagram: https://highvalueexit.com/ig
