Start building intrinsic value.

Operations

This is the “How” your business works. It is vital to document every facet of your business operations so your staff understands not only how to do their job but also the importance of doing it with excellence. In addition to clarity, defining operations instills confidence, professionalism and has a direct impact on alignment to your mission / vision.

People

The most important assets in a business are the people. You must invest in them individually and professionally. The intrinsic value yo build into your organization related to your staff is the key to succession. IP’s are great, however you need people to operate your business. Don’t feel threatened by ambition or individuality, this is a sign of a person taking ownership and accountability. When your staff adopts your vision and makes it their own, you are on your way.

Purpose

If you want people to follow you, they have to know where they are going. By defining your mission / vision for your company, you are filling in the “why”.

Everyone wants to work with an organization that treats them well and is aligned with their beliefs. Make sure you are committed to delivering excellence for your staff. This is also a vitally important aspect of attracting and retaining the right talent.