Don't Confuse Hard Work with Productivity

Exit Mindset

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3+ y ago 10:57

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Don't Confuse Hard Work with Productivity

If you have already established a hardworking team, but aren’t seeing the results you had hoped for, there may still be some minor adjustments that you can make.
There is a common misconception in business that when an employee is working hard, they are getting the job done efficiently and doing quality work.
Sometimes, all it can take to improve the productivity of your team is a bit of guidance from the managerial staff.

Establishing Layers

It can be easy to confuse loyalty and the willingness to work, with efficiency. It’s a mistake that is made by business owners across the country each and every day!
As a business owner and people-manager, it is your duty to help your staff improve their efficiency and gain a view of the bigger picture.
The first step in this process will be to institute a master objective, so that you can get the entire team working on tasks that align with a single long-term goal.
As the business owner, it is your job to communicate the bigger picture in a way that is actionable and easy to understand.

Relating Back to the Exit Mindset

The Exit Mindset is predicated on the notion that thinking from the mindset of a potential buyer for your company will help you understand your businesses flaws, and competitive advantages.
While it is true that employee efficiency falls under the infrastructure category, the characteristics and efficiency of your teams can affect your conversations, and of course your product as well.
It can be crucial to ask yourself critical questions such as, “Is a potential buyer of the company looking for a hardworking loyal team or would they prefer a team that is intensely focused and achievement oriented?”
Maintaining a hardworking and loyal team can provide a monetary value when a potential buyer is evaluating your business, and first meeting your employees.
In order for any company to succeed and grow, you will need good employees from the very top, all the way down to the employee who is making a sale or having a direct customer interaction.

Conclusion

At the end of the day, the goal should be scaling your business to achieve the maximum amount of revenue and profits as possible.
It’s important to remember, when a company is set up correctly, and an ideal buyer shows up, only the ownership will change, not the management!
Because of this fact, your employees and your team’s efficiency can provide unbelievable monetary value and contribute to your company’s valuation.

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