A Fundamental Key to Business Success

A Fundamental Key to Business Success

As I look back on nearly three decades of working with companies around the world, I think a few key ideas are?fundamental to business success.

?

Here is one of them:

The success of your business is directly tied to the quality of the people you can get, grow and keep on your team – and the relationships they create with your customers.

I have yet to meet a single business leader that does not strongly agree with this idea. However, I see many businesses that still need to live this idea. Today I want to talk about the growth and development of top talent.

?

Once you get somebody on your team, there is no excuse for not investing time, energy, and money in helping that person continuously improve.

This is the most important investment you can make in your company. You cannot improve your company without highly talented people who are steadily improving.

?

Here are just a few of the things that you should be doing:

  • Formal mentoring program
  • Creating a formal development plan for each employee
  • Creating an internal training department
  • Training classes taught by qualified outside instructors
  • Cross training
  • Benchmarking your training efforts against leading companies
  • Buying a copy of a book for each of your employees at least once a year
  • Creating a lending library of top business books
  • Getting your employees a membership to an audiobook service
  • Getting your employees a membership to a book summary service
  • Bringing in outside experts for a "lunch and learn"
  • Taking your employees to visit other companies
  • Sending out a newsletter with good information for your employees
  • Sending out a list of top podcasts they should be listening to
  • Sending out a list of YouTube videos they should watch
  • Investing in online/virtual training?
  • Taking your employees to a major training seminar by an expert
  • Bringing your employees to an industry event
  • Annual or semiannual company training conferences
  • A formal recognition and rewards program
  • Team building events
  • Regular coaching meetings
  • One-on-one meetings with senior executives
  • Lunch with the CEO
  • Getting high-potential employees a business coach
  • Create learning groups
  • Give them training on physical, mental, and financial health

?

These are just a few things I came up with off the top of my head. I'm sure there are several more you could?add to this list. But here is my point. If you are not doing all or most of this, you're not truly serious about helping your people (and company) to be as successful as possible. A good deal of what I have listed is free, much of it is very inexpensive, and only a few things require a significant financial investment. But I can tell you that not doing the items on this list is very expensive.


Please visit my site at?https://johnspence.com/contact/?if you want to get in contact with me. I’d love to hear from you.

No alt text provided for this image
David Mills

Co-Founder at Brand Disciples and Co-Creation Labs, CGO at Story Collaborative

2 年

Great focus on the people investment that is so crucial for healthy businesses!

Niraj Kapur

Overcome sales objections, ghosting and prospecting challenges. Personalised 1:1 Sales & LinkedIn coaching. Interactive Group Training. Influencer marketing deals with Salesforce, BRITA and Hubspot

2 年

The internal learning with recommended books and ideas is my favourite because I’ve not seen many leaders do this.

Chris Moffat

Executive Leader | Coach | Sales Mastery | Professional Development | Customer Excellence

2 年

John Spence Thanks John. Really enjoyed reading the article. When I first began my sales career, I was fortunate to have a leader who introduced me to Seven Habits, How to Win Friends and Good to Great (Just to name a few). Each quarter he would purchase a book, ask us to review and share key learnings. I remain very grateful for his commitment to my growth and development. They were the source of great learnings.

Kevin McDonnell

Chairman / CEO Coach & Advisor - Helping ambitious CEOs accelerate growth and successfully scale themselves, their teams and their business.

2 年

If the success of a business is dependent on people why on earth would we not invest in the thing that makes the biggest difference. Failing to do so is a catalyst to failure. Well raised John ??????

Scott Brown

Non-profit Marketing | Seasoned Marketer | Bookboon e-Book Author | Visionary | Super Connector | A Leading Voice in Immersive Experience

2 年

John Spence, thanks. always helpful information from you. Even when I first met you in Tampa Bay

要查看或添加评论,请登录

John Spence的更多文章

  • The Uncompromising Pursuit of Excellence

    The Uncompromising Pursuit of Excellence

    Charlie Trotter was a visionary. A world-class chef, innovator, and relentless perfectionist, he transformed fine…

    6 条评论
  • The Four Frameworks of World-Class Performance

    The Four Frameworks of World-Class Performance

    For decades, I’ve worked with organizations worldwide—studying what makes the best, the best. Patterns emerged.

    8 条评论
  • The Six Characteristics of Outstanding Leaders

    The Six Characteristics of Outstanding Leaders

    Leadership is the force that shapes an organization’s culture, drives execution, and determines long-term success. It…

    20 条评论
  • High-Performance Teams: The Engine of Execution

    High-Performance Teams: The Engine of Execution

    In our ongoing series highlighting my new frameworks, we’ve covered the foundation of Organizational Excellence and the…

    10 条评论
  • The Framework for Building a Winning Culture

    The Framework for Building a Winning Culture

    The first article in this series examined my new framework for building a world-class company. I shared five things…

    12 条评论
  • The Framework for Organizational Excellence

    The Framework for Organizational Excellence

    Over the last 30 years, I’ve worked with organizations worldwide, helping them navigate challenges and discover what…

    2 条评论
  • Introducing Frameworks That Turn Challenges Into Opportunities

    Introducing Frameworks That Turn Challenges Into Opportunities

    The business world is chaotic. Markets shift rapidly, demands increase, and change is constant.

  • Lessons for Leaders and an Upcoming Framework for Success

    Lessons for Leaders and an Upcoming Framework for Success

    I recently read an article from Harvard Business Review titled “8 Essential Qualities of Successful Leaders.” While it…

    12 条评论
  • Lead with Love or Lose Your Team

    Lead with Love or Lose Your Team

    The opposite of love isn’t hate; it’s indifference. Indifference says, “I don’t care about you.

    53 条评论
  • The True Responsibility of Leadership

    The True Responsibility of Leadership

    I wonder if most leaders are thoughtful about their leadership. My belief is many just go through the motions.

    6 条评论

社区洞察

其他会员也浏览了