Team building is often overlooked by new entrepreneurs, but it is an important aspect when it comes to business growth. In this episode of Beyond 8 Figures, Anthony Hayes from The Hayes Initiative talks with us about hiring, adaptability in business, entrepreneur routines, setting boundaries, and so much more.
Anthony puts a lot of effort and attention into his business. Now, he is sharing why team building for business growth matters to him. He also shares how we can focus more on developing the right team and treating them well for lasting business success.
Anthony has an incredibly impressive background. He is an advocate for the rights of the LGBTQ+ community and strives to bring inclusivity into everything he does. He has some truly remarkable experience in his belt including working on Secretary Hillary Clinton’s campaign in 2016 and helping to launch programs that help immigrants affected by the pandemic. His firm, The Hayes Initiative, does stakeholder management, government management, and relations.
Importance of team building
Team building is an essential part of business growth because it serves as a catalyst for good performance, productivity, and innovation. Organizations can reach their maximum potential through developing solid relationships, efficient communication, and a sense of purpose among team members. Moreover, collaboration, trust, and camaraderie are encouraged at work thanks to team building activities.
These elements increase employee engagement, lower turnover rate, and boost morale, which ultimately contribute to business success. In addition, it promotes team collaboration, which fosters creativity and the ability to solve problems in new ways. Overall, team building is an investment in the long-term growth and sustainability of a business.
On Today’s Episode:
- Where Anthony sees himself in his entrepreneurial journey. -3:23
- How Anthony’s job has changed year over year as an entrepreneur. -6:22
- Why it’s so beneficial to have a smaller “boutique” group of employees and how it allows you more flexibility. -8:58
- What has had the biggest impact on Anthony’s entrepreneurial journey. -10:21
- Why Anthony has struggled to get out of the nitty-gritty of his business. -14:45
- Finding balance in business. -21:20
- Why Anthony feels that routine is so important for business owners. -21:37
- How Anthony defines success in his entrepreneurial journey. -30:21
- The way Anthony structures his business so his team benefits when they do well financially too. -32:49
Key Takeaways:
- When hiring, it is important that we slow down, be very intentional, and think about the long-term so that we can find the right people for each role.
- When you grow your business, it is essential that you learn to adjust and change your job to fit what your business needs. Being flexible and rolling with the transitions in business will help you push past it.
- As entrepreneurs, establishing a routine can be the key to sustainable success. It is important that we take time to set up a routine so that we can focus on what’s important for us.
- Setting boundaries in our business can be a very beneficial thing as entrepreneurs because it sets clear rules and expectations for those we work with.
- The bottom line is not always the most important thing in business. As entrepreneurs, we can instead focus on whether or not our team is making a good living.
When we start a business, it is vital that we adapt and transition as our business grows.
[14:45] “As a leader, your job has to change when you start something new.”
How has your role changed in your business as it has grown? Tell us on our social media, and don’t forget to say hello if you would like to share your entrepreneurship story on our podcast.
Connect with Anthony Hayes:
- Website: https://hayesinitiative.com/
- Facebook: https://web.facebook.com/HayesInitiative/
- Twitter: @AnthonyJHayes
- Instagram: https://www.instagram.com/anthonyjhayes/
- LinkedIn: https://www.linkedin.com/in/anthonyjhayesnyc/
- Hayes Initiative LinkedIn: https://www.linkedin.com/company/thehayesinitiative/
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