Leadership is one of the key aspects of the success of a company. No matter the size of the company, with great leadership, it can achieve greatness.

Steve Jobs once famously quoted 'Great things in business are never done by one person, they are done by a team of people'.

That means breakthroughs and success in business are not achieved by a single person, but by a team of dedicated workers.

In order to run a successful business, the ingredients that you need are:

• A motivated, committed, and loyal team.
• A team that comprises workers capable of working more efficiently and effectively.
• Devoid of corporate politics.
• Low attrition rates of skilled workforce.
• Inoculating values of team spirit and oneness.

How to motivate the team?

'If the only tool you have is a hammer, you treat everything as if it were a nail.' This means that every individual has a different reason and motivation to work. In order to get the maximum effort from the individual, we would first need to understand that motivation and fuel it accordingly.

Some of the main motivations include:

1. Need: Work provides for a means of earnings which is a need of any person to fulfill all his basic needs and survive. Working gives them the source of income to feed themselves and their families.
2. Ambition: Some are extremely talented and look to be on the top of their fields, take the example of Sachin Tendulkar or Lionel Messi in this context. Both never looked forward to fame or wealth and they only focussed on their passion for the sport which made them icons of our generation.
3. Fear: Some work out of the fear of being rejected by society if they are unemployed.
4. Belief: Some work without the financial motivation to further a social cause and provide a hand to the ailing society or for religious activities. Examples include NGOs and religious institutions.

A good leader would incorporate the four aspects of Need, Ambition, Fear and Belief into his team building.

Common Leadership Mistakes

Now let us take a look at some of the most common mistakes to watch out for.

• According to the latest data, 57 % of employees acknowledged that they left their jobs due to their managers, meaning many leave companies due to their immediate seniors.

That means if a manager is not a good leader, it can negatively impact the organization. As a company owner, you would need to develop an approachable culture in your organization where your employees would be free to discuss any problems.

Also, is there something your managers are doing, that you're not aware of? This the main reason why big firms prefer to have skip-level meetings and exit interviews.

If your employees are not happy, neither will your customers. Employees never accept politics and favoritism so it is quite important to avoid it to maintain transparency of the system. This is also referred to as the open glass policy.

The criteria for promotions and increments should be absolutely clear and even if the company is on a smaller scale, having an organizational chart is essential. Employees should always look forward to the promotional matrix.

Reichard Banson famously quoted, 'Train people well enough so anybody can pay them a double salary, treat them well enough so they don't want to leave you'

This means to train your employees in such a way that not even double salary would lure them out of your company. Create such a corporate culture that the employees feel great about. Regular team motivation and training is an important aspect and should not be overlooked.

Anything that is appreciated is repeated, and therefore we should always try to compliment other's talents to encourage them. Always be sure to praise your employees when they perform well and if they make any mistake, explain it to them when alone.

Only by giving orders won't you be able to develop a sense of belongingness, therefore, you should also involve yourself in the operations and provide suggestions to improve to make them feel they are working as a family.

Improving the office culture

'They don't care how much you know, but they know how much you care'. This means the office culture in any organization should have the following qualities:

1. Recognition and awards for excellent performances.
2. Have a close relationship with the owners or the directors.
3. Recognition on social media.
4. Recognizing ideas and suggestions pitched by employees.
5. Always look forward to fresh initiatives.

Read More: 5 Common Business Mistakes Which Leads To A Startup\\

SmartSchool Education does not only provide you business knowledge but also provides a great business opportunity as well, so if you are facing any problems with your business, need expert consultations or if you want to start with an exciting business opportunity, you can connect with us on this number 8927089270 via call or WhatsApp.