You sat down and looked at the teams, figured the odds, and predicted the winner for the March Madness Tournament. This same style of analysis can be applied to your small business. Let's look at what you can learn from applying this concept to your business. For one thing, even if you don't get every prediction right, you do have a better picture of your strengths and weaknesses.
As the business owner, you are the coach and the star player of your team. You set the tone of the business and train up the team. Taking a good look at your leadership style, consider your expertise and your experience. With these tools, you set the direction of your team.
Next look at the rest of your team. The larger the team, the more likely that you have other stars to add to the strong points of the company. How do they or can they aid in the leadership of your company? A strong team should have more than one star. Players who have different styles make a better team, and team members have different positions on the team. The team works best when the team members are giving support to each other to optimize the strengths of each player.
Now, don't forget to scope out the other teams. What are their playing styles? What are their best and worst points? How do you stack up against them? You can learn a lot from studying the other team. No good team prepares for a big game in a vacuum. They spend time analyzing the opponents and planning for the win. There is no bigger game in this life than running a business.
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