Most importantly, when choosing a team, don’t treat them as a one-time purchase. The Aberdeen Group, companies that institute formal employee engagement programs see a 26 percent increase in year-over-year revenue. Continue to invest in people’s development by keeping them involved in high-level decisions and showing them the impact their work has on the growth of the company. Teams need to be set up to succeed in their projects. A tool that allows us to work on shared documents. All of these are inexpensive investments that should be made early to maximize a team’s productivity.
- The best investments provide both assets that will immediately increase company value and opportunities. Most importantly, when choosing a team, don’t treat them as a one-time purchase.
- Teams need to be set up to succeed in their projects, and it’s a leader’s job to invest the time necessary to accomplish that.
- As a company grows, other tools such as Salesforce, Pardot and more advanced systems may take the place of those earlier ones.
“Unfortunately, many other entrepreneurs aren’t so adept at seeing domain names and other business assets as investment opportunities rather than maintenance costs.”