Put Your Team’s Growth First And Your Business Will Grow Too
The transition from solopreneur to company leader can be tough, so Lou and I are chatting about what it’s been like for us to experience those growing pains. We talk about how building a team and setting the tone for your company culture creates a certain level of wellbeing not only for you, but also your team. We share our go-to tools and systems that we have in place to set clear communication, expectations, and boundaries between our employees and clients. We also touch on how to calculate your return on investment when it comes to hiring and what to consider when you’re giving a raise or a bonus. IN THIS EPISODE, WE TALK ABOUT: Putting systems in place to set your employees up for success The pros and cons of hybrid or fully remote work environments Being willing to test out new tech and find what works best for your team Keeping tabs on what’s going on in your business without micromanaging Getting clear about when it’s time to bring on a new employee Empowering your team to create healthy boundaries and practice self-care RESOURCES Dare to Lead: Brave Work. Tough Conversations. Whole Hearts by Brené Brown Contagious by Jonah Berger Lovevery SplayTray Helpwise ClickUp Asana Clockify Harvest QuickBooks Time OpenPhone CONNECT WITH LOUISE Follow Louise: @a_wild_lou_appeared Follow The Finance Agency: @the_finance_agency Learn more about The Finance Agency: thefinanceagencyllc.com CONNECT WITH LAUREN Follow Lauren: @thelaurenboyd Join the waitlist for HR app, Quinn Follow Guide My Business: @guidemybusiness EPISODE HIGHLIGHTS ( 0:44 ) Welcome to I’ll Make This Brief! Today, Lauren and Louise are talking about their experiences with building teams. ( 2:00 ) Lauren and Louise talk about what they’re currently reading. ( 4:16 ) Lauren and Louise highlight small businesses that they’re loving right now. ( 6:36 ) Lauren asks Louise, “I know that a lot of companies that used to be fully in-person have now transitioned to this really nice hybrid. But I think it does challenge us as business owners to find different systems. Have you seen that in The Finance Agency?” ( 7:41 ) Louise and Lauren talk about Slack versus email. ( 16:51 ) Lauren asks Louise, “Let's talk a little bit about setting expectations with your team.” ( 20:45 ) Lauren asks Louise, “For someone who doesn't have to bill their time for clients and maybe doesn't have that system in place, what's a system that you love?” ( 23:23 ) Louise and Lauren talk about getting clear on job roles and scopes. ( 26:26 ) Lauren asks Louise, “Is that 3x a really good number for someone who is a revenue generator?” ( 29:03 ) Lauren asks Louise what the fix is for people who don’t take vacations or time off from work. ( 33:47 ) Lauren says, “Being resolute in what our boundaries are has been a big thing for our wellbeing and empowering my team.”