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Ready Set Huddle

Written by: Eva Gregory

Article Overview: Before the start of a game and during a game its team members get together to huddle, to discuss strategy make a plan and determine execution. Business is not different. A successful business has the proper team assembled to carry out a business plan. Even a sole proprietor has a team, only that team is comprised of consultants that are hired to carry out specific tasks. In a way the sole proprietor has the right idea. Hire the person who is best suited to do the work that is required. In essence, the sole proprietor has delegated work to the members of a team who are working together to ensure the proprietor's success.

Ready Set Huddle

Before the start of a game and during a game its team members get together to huddle, to discuss strategy make a plan and determine execution. Business is not different. A successful business has the proper team assembled to carry out a business plan. Even a sole proprietor has a team, only that team is comprised of consultants that are hired to carry out specific tasks. In a way the sole proprietor has the right idea. Hire the person who is best suited to do the work that is required. In essence, the sole proprietor has delegated work to the members of a team who are working together to ensure the proprietor's success.

In sports, especially in basketball, the ideal combination of players is called a Dream Team. Why, because they appear to be perfectly balanced. A player that does lousy on the free-throw line, but is an amazing three-point shooter is paired with another who has great free-throw percentages, but has never scored from downtown. See how it works? In business it works much the same way. Only the criterion is a bit different. How does one assemble a true entrepreneurial 'dream team'?
It begins with synergy.

Synergy is an awesome word that means that the sum of all parts is greater than the whole. That is the beauty of a dream team. The value that each member of the team brings to the table is crucial to the overall success of the team. Synergy is the common element of the team. It is the strength that is formed from a shared vision, purpose and heart that each member of the team possesses.

Dream teams are built one person at a time. From a list is made of all of the people that are known and trusted. People that share values, ideas and goals. Or ones that are the yin to your yang. Dreams teams should consist of people that you don't mind working with, whose input you value, and who enjoy working with others for a common goal. Is the team easy to put together? It could be once you've identified the components of each successful team. In The One Minute Millionaire, Hansen and Allen discussed the research performed by Allen Fahden and Marie West as a tool to help the right team be assembled. According to West and Fahden, there are four main types of project driven work: Solutions, Strategies, Analysis and Results. They also state that there are four main types of workers: Hares, Owls, Turtles and Squirrels.
• Hares ... Generate Ideas
• Owls ... Prioritize and Plan Strategies
• Turtles ... Believe in Traditions, Proven Ideas, and Veto Risky Undertakings
• Squirrels ... Methodical, Detail-Oriented
Together, the four types of work are performed by the four types of workers. Thus, each ideal dream team should have members that like to do the four types of work, and whose spirits soar because their work is directly in line with their personalities. Just close your eyes and think for a moment.

Envision someone who is very organized. Are they results driven? Probably so, meaning they love to be able to cross that accomplishment off their list at the end of the day.

Once your team is assembled, work should be distributed according to the passion of the individual members. Because the team is in perfect balance, every type of worker is accounted for, so each type of work should be covered by the ideal person to handle it. Thus, no one should be stuck with a job that they will truly despise. Can you imagine how much happier your team members will be when they are asked to do something that they truly enjoy, something that comes naturally to them, and fuels their passion? Think of how much success can be achieved just from this process alone.
A properly assembled dream team is the foundation to a successful business.

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Article Tags: business plan, delegate, Eva Gregory, huddle, ideas, plan, strategy, success, synergy, tasks, team



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How can I best help you? - I'm looking forward to sharing my ideas and insights here about taking your business to the next level. Before I jump in, I'd love to find out what would be most helpful to you. So, I'd appreciate hearing your responses to: How can I best help you to take your business to the next level? What are you struggling with at the moment? What would you most like to learn? and I'll do my best in responding to you Ready, get set, go . . . Wendy
Re: Make sure you're a corporation - [quote="Evan"]Here's another suggestion from my experience - make sure your company is set up as a corporation. If you're going for angel or VC financing, they will become equity owners in your business. For this to happen you need to have a corporation and a shareholder's agreement. I've seen a lot of deals fall apart because the business was not ready with their corporation. They were sole proprietorships and had not given any consideration to a shareholder's agreement. It makes you look like unprofessional and can seriously detract from your capital raising initiatives.[/quote] I agree that one major step in being "capital ready" is to create a separate entity. In the US that traditionally means forming a Coproration, although the LLC approach is becoming a viable option. However, just being a Corporation (or LLC) doesn't mean you are Capital Ready.
Books for Women Entrepreneurs - There's a thread for good books in the Resources folder, but it doesn't target books for businesswomen particularly, so I figured I'd start such a thread here. It doesn't matter how successful you are in your business - it's always possible to learn something new. In subsequent posts I give Table of Contents and brief descriptions for various titles - most of them devoted to the businesswoman - and sometimes a review. If anyone else has read a review, or has read the book and found it useful, please comment! 1. The Old Girl's Network 2. Mother's Work 3. The 7 Greatest Truths About Successful Women 4. Pitch Like A Girl 5. Workplace Warrior 6. Treasure Hunt: Inside the Mind of the Modern Consumer 7. Contingency Planning & Disaster Recovery 8. She Wins, You Win 9. Napoleon On Project Management 10. Why Good Girls Dont' Get Ahead, But Gutsy Girls Do 11. Comeback Moms: How to Leave Work, Raise Children, and Restart your Career even If you Haven't Had a Job in Years 12. The One Minute Millionaire 13. Talking From 9 to 5 14. Soloing: Realizing Your Life's Ambitions 15. 101 Best Home Based Businesses for Women: Everything You Need to Know About Getting Started on the Road To Success 16. Work With Passion: How to Do What You Love for a Living. Revised and Expanded 17. Fail-Proof Your Business: Beat the Odds and be Successful 18. Confidence: How Winning Streaks and Losing Streaks Begin and End 19. Women Don't Ask: Negotiation and the Gender Divide 20. Millionaire Women Next Door: The Many Journeys of Successful American Businesswomen 21. Start Small, Finish Big: Fifteen Key Lessons to Start - and Run - Your Own Successful Business 22. Rewired, Rehired or Retired: A Global Guide for the Experienced Worker 23. The Martha Rules: 10 essentials for achieving success as you start, build or manage a business 24. The Essentials of Entrepreneurship: What it takes to create Successful Enterprises 25. Net Ready: Strategies for Success in the E-conomy 26. The Promotable Woman 27. Leave The Office Earlier: The Productivity Pro shows you how to do more in less time and feel great about it 28. The Work At Home Balancing Act: The professional resource guide for managing yourself, your work, and your family at home 29. Secrets of Six-Figure Women


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