Star Power

Question: I am part of a team working within my company. One of the members of this team is always getting the credit when we succeed. I don’t know what to do about this frustrating situation.

Answer: The most successful teams are those where no one is seeking the glory and each team member supports the others in every way possible. No one ever says, “That’s not my job.” When the team wins everyone wins. And conversely, a team loss is everyone’s loss. It’s not a single team member who is the hero or the goat.

I love going to restaurants where members of the wait staff cover for each other. One server may take my order but another re-fills my water glass when it’s empty. I always am hopeful that they share their gratuities because I feel as though I’m tipping the whole server team and not just one person. Contrast that with a restaurant where servers ignore all guests except those who they are serving directly. Southwest Airlines is also on my most-admired list. How many times have we seen flight attendants and pilots cleaning up the airplane as we deplane?

Unselfishness is an important element to the success of an entrepreneur. Hats off to those who make certain that members of their team are recognized and given credit for a successful outcome. An entrepreneur who can step back out of the limelight and heap accolades on his or her team is both wise and self-assured. When we crave attention and receive for the efforts of others, team morale can be severely damaged.

The question we must answer is, “what are we in it for?” Is it personal glory or gain? Or is it long-term, sustainable overall success that benefits an entire team or company? I submit that when our egos cry for personal attention and pats on the back, someday our team may not have our back. There will certainly be times when we are recognized for personal achievement and there is nothing wrong with this whatsoever. The fine line here is our intention and how we handle it. Did we seek the recognition or was it a byproduct of our efforts? And, when the wonderful things were being said about us, did we acknowledge others who contributed to our (and the team’s) success? But this can be a trap if we aren’t walking the talk. It’s interesting to watch a ball game where a star player is being interviewed at the conclusion of the event and he appears to deflect the praise by mentioning how much his teammates figured into his success. The incongruence in his statement is that his play throughout the game reflected selfishness.

Whether in our entrepreneurial venues or with life in general, we are best served when we subordinate our egos to an attitude of gracious selflessness. Stepping off the stage and genuinely giving credit to others who deserve it is a demonstration of real star power.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

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The High-Wire Act

Question: What do you think about employment contracts and non-compete agreements?

Answer: My perspective on this subject has changed over the years. Earlier in my career I believed in these documents and what they represent. I also looked for ways to create “golden handcuffs” for employees and associates which are basically incentives for keeping people from leaving. No longer.

I have now adopted the philosophy that I don’t want to coerce anyone to work in our various companies. They either want to be there or they don’t. No longer do I obsess over whether people come and go. I decided that I need to do everything possible to create value for our team – so much value that team members can’t go anywhere else and receive as much. Gone are the employment contracts and non-competes. We do use employment letters and independent contractor agreements to simply provide a written record of compensation and other important elements that need to be clearly understood. Non-disclosure agreements also seem reasonable if there is highly proprietary information at stake.

The whole premise of creating value for the team has produced a high-wire act for me – one which I wholeheartedly embrace. I can’t spend one minute resting on my laurels or kicking into a coasting mode. Instead, I must constantly be creative and innovative. I have to constantly be a coach and a mentor. I have to be strategic and visionary on a daily basis. Doesn’t this create unbelievable pressure? NO! It pushes me to be better every minute of every day. If I fail to perform, my teammates will look to see if there is a better value proposition elsewhere. And I don’t blame them.

I’ve been asked what prevents someone from coming on board with the intent to ultimately leave and start his or her own business. And my response is . . . so what? I revert to my initial statement. I’m passionate about providing more value for our team than they can get in another venue – including their own. Perhaps we can accommodate someone who has a goal of owning/running their own business; after all we have eight companies under our umbrella. We’ll happily partner with a budding entrepreneur in our midst that has a good solid idea for a business venture. And if someone has his or her heart set on striking out on their own, we have made a great friend; received value from that individual during their tenure, and may have an opportunity to cross paths again.

The high-wire act requires a great deal of confidence and a complete lack of fear. It has taken me years to get there, but I can testify to the amazing results that are being produced from this mindset.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

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