Every company is looking for ways to scale and grow. We don’t want companies that are stuck or even declining. We want to have the right business growth strategy so we will see development and growth in profit, culture and impact.
One way to grow a business is by building a remote team. A growing team will often correlate to a growing business. When you hire more hands and brains to operate the business, you increase your output, be it sales, profit, or impact. Generally speaking and with quality of work per person being a constant, you can get more work done and more results if you have fifty staff as compared to five.
But how can a company grow its workforce? It starts first with leadership having the proper mindset for growth. What limits businesses from growing so many times is having the wrong beliefs and mindsets. So to see growth happen in your organisation, there has to be a shift from the wrong mindsets to the right ones.
Shift #1. From expense to investment
Thinking of people as an expense can often be limiting. When we think this way, we’re always trying to find ways to limit our staff because we view them as money going out. But when we think of our team as the reason why money is coming in, we start to see them as an investment. When that happens, we start to dedicate more effort and resources into hiring people.
Shift #2. From expert to novice
Nothing can be more frustrating and limiting as a leader who micromanages the people because he or she thinks she’s the best person on the team. In order to grow your team, you need to think of yourself as a rookie and start getting people who actually know more than you. Hire people for their expertise and allow them to shine even when you’re out of the picture.
One example that Linh shares is when she hired Outsourcing Angel’s Richard Phu and entrusted all operations and systems to him. There was always an option to micromanage and create systems herself, but she chose to trust Richard because he was an expert and creating systems and finding the resources necessary to make those systems work.
Shift #3. From getting to sharing
Your employees aren’t just there to meet your needs. You’re there to meet theirs too. So don’t think of hiring as getting without giving back. When you take care of your team, they will take care of your business for you. You’ll also retain staff longer and thus grow your team a whole lot faster.
At Outsourcing Angel, we have many incentive programs to help our Virtual Assistants earn more when they provide value to their clients. One example is our praise points system where virtual assistants gather the praises they get from clients, which they can exchange for a monetary value. On top of that, the company also has an affiliate program where other people can earn recurring revenue for referring clients to us. When we have an attitude for sharing our income and opportunities with others, we set ourselves up to grow more.
Shift #4. From valuing money to valuing time
So many executives today value money the most. But money is not your biggest asset. Time is. If you’re wasting your time on things you don’t want to do, you’ll lose precious time to do the things that only you can do. So focus on buying more time instead of getting more money. The only way you can do that is by bringing more people in to join your team.
More People, More Impact, More Money
Business is a powerful way to impact the lives of others. And the bigger your mission is as an organisation, the more people you’re going to need to help you achieve that mission. Don’t just grow your revenue or grow your valuation. Take time to also grow your team. When you do that, you won’t just help more people. You’ll actually also beef up your bottom line in the process!
The more people you help, the more impact you make. And the more impact you make, the more valuable people will find you and your services. That’s just the way the market works.