Brew Presentation 11162011
- 1. Building Exceptional Teams Baton Rouge Entrepreneurs Week Presentation
- 2. 5 Elements of a Successful Team Thoughtful Sense of Direction Market-Oriented Behavior Strong Competitive Position Bottom-Line Focus Effective Organization
- 3. Building an Exceptional Team It all starts with the Owner How? What can the owner do?
- 4. Start With a Strategic Plan Peter Drucker, father of modern management: A leaders first job is strategic planning Begin with a vision What do you want your company to look like in 3 years / 5 years / 10 years? What will the future look like in which you operate your company?
- 5. Take a Critical Look in the Mirror Where are you today? Perform a realistic competitive analysis: What are your teams Strengths? Weaknesses? What Opportunities can you capitalize upon? What Threats can you anticipate?
- 7. Privately Owned Companies Are Different Owners Personal Vision
- 8. HOW DO I FIND/MAKE THE TIME TO PLAN IM TOO BUSY!
- 9. Get a Coach A coach is someone who tells you what you dont want to hear, who has you see what you dont want to see, so you can be who youve always known you could be - Tom Landry
- 10. Former Google CEO Eric Schmidt Even Jack Welch & Bill Gates had a business coach
- 11. Value of a Business Coach Impartial 3rd party Someone with whom you can be totally honest Someone who will Challenge you Hold you accountable Help you to see your blind spots
- 12. Surround Yourself With Good Advisors Its a 3000 year old idea: Plans fail for lack of counsel, but with many advisors they succeed. Proverbs 15:22 Corporate Boards of Directors exist to help CEOs: Make better business decisions Provide an outsiders perspective Provide accountability
- 13. Surround Yourself With Good Advisors A board of advisors composed of other business owners will: Provide different perspectives & skill sets Give unbiased opinions Focus on solutions
- 14. The Alternative Board (TAB) Bring groups of business owners together in small groups, or boards Monthly board meetings Focus on solutions Between board meetings TAB provides business coaching to each board member: Enabling entrepreneurs to go from wherever they are to wherever they want to be Unique CEO planning tools
- 15. 5 Elements of a Successful Team TAB positions CEOs / Owners to be successful: Thoughtful Sense of Direction Market-Oriented Behavior Strong Competitive Position Bottom-Line Focus Effective Organization
- 17. Owner Transition Freedom Entrapment Too many hours at work Not enough time with family No time for hobbies or other diversions All of the financial responsibility / risk Rising stress level No time for: What you most love to do What you are most talented
- 18. Decision Point Downsize to a more manageable scale Financial feasibility? Strategically desirable? Hire one or more second-in- commands (SIC) Training is key
- 19. What an Effective SIC Needs Understand how an owner thinks Understand individual skills How to develop an effective team Upward & downward communication Organizational change Customer communication/management Leadership skills
- 20. Leadership Management 2.0 LSU Continuing Education and The Alternative Board Metro Baton Rouge partnering to bring this new course to businesses in metro Baton Rouge Uses The Noise Reduction System based on Make The Noise Go Away by Larry Linne First time for Baton Rouge Uniquely for SICs
- 21. What is the Value of Training a SIC?
- 22. Leadership Management 2.0 Course Details: First Class on Jan 10, 2012 10 Class meetings approx 2-3 weeks apart Each class runs 7-9 am Homework exercises & course design ensure lots of owner/SIC interaction Last Class on June 26, 2012 Funds available through Louisiana Workforce Commission may cover most of the course fee
- 23. 5 Elements of a Successful Team CEO SIC Tools Training Thoughtful Sense of Direction Market-Oriented Behavior Strong Competitive Position Bottom-Line Focus Effective Organization Available through TAB Available through LSU Continuing Education
- 24. The Alternative Board Metro Baton Rouge Bringing You the Tools & Resources to Build Exceptional Teams
- 25. Thank You! For more information: LSU Continuing Education www.outreach.lsu.edu Lisa Verma- (225) 578-4316; lverma@outreach.lsu.edu The Alternative Board www.tabmetrobr.com Tim Stoll- (225) 636-2091; tim@tabmetrobr.com