The Entrepreneurs Weekly
No Result
View All Result
Sunday, June 1, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

3 Reasons to Build a Team-Empowered Company for Business Growth | Entrepreneur

by Brand Post
October 1, 2024
in Business
0
3 Reasons to Build a Team-Empowered Company for Business Growth | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


Opinions expressed by Entrepreneur contributors are their own.

When you’re ready to scale a business, leadership must move from a founder-led model to a team-empowered approach. A company that empowers its team comprises each team member completely committed to the organization’s goals and objectives and fosters growth autonomously from the owner, founder or CEO.

This setup is vital for scaling, as it allows the leader to focus on the company’s future while the team efficiently handles the daily operations. When your team is empowered and aligned, your business picks up the momentum to grow sustainably and flourish beyond the initial hustle of its founding days.

Why you need a team-empowered company to scale

The telltale sign that a company is not team-empowered is when the business owner becomes the hero. A hero who needs to jump in and save the day, constantly putting out fires and dealing with urgent issues instead of focusing on what’s important for the company’s growth. This creates a bad habit of spending time putting out fires rather than becoming strategically focused, which will ultimately decrease those urgent situations. Focus on having dedicated leaders in each quadrant of your company. Embracing a more collaborative approach allows your team to flourish and reach their full potential to grow.

I know a company is not team-empowered when businesspeople regularly recreate the wheel because they don’t have consistent systems and processes or continually update their systems as technology changes. Leadership should operate with empowerment, inspiring the team toward action rather than just telling people what to do. It’s important to remember that your team functions better when inspired than when instructed. They want to share their ideas and contribute creativity to the company’s vision.

Among the many benefits a team-empowered company can bring, founders should remember these three reasons this setup is critical for any company looking to scale.

1. A team-empowered company enhances business value

The reluctance to delegate is one of the trickiest obstacles for business owners. They think critical information will fall through the cracks without their close participation in the day-to-day operations. However, it is important to acknowledge that when a company relies solely on its founder, its overall worth considerably diminishes. Investors or potential buyers are less inclined to be drawn to a business that lacks resilience once leadership changes hands. Your goal is to elevate yourself to the visionary position, enabling the business to thrive independently.

Related: 3 Simple Ways to Empower Your Team

2. Team empowerment drives a strong, scalable culture

When your company is team-empowered, you’re not just relying on one or a few individuals to pull the entire team forward. Instead, an entire team collectively drives their energy toward your company’s goals. This contagious momentum helps to create a culture whereby every team member feels appreciated and driven to participate. A strong culture is developed by empowerment and alignment with your business’s vision; it cannot just magically happen.

Scaling a company is about replicating success rather than only boosting your revenue or market presence. Replication begins with a team that shares your vision and feels empowered to take responsibility for their roles. When every team member contributes their creativity and ideas, your business scales faster because you’re no longer limited by the capabilities or bandwidth of a single individual.

Related: 7 Ways to Empower Your Team to Thrive Through Change

3. Scalable models require a shift from owner dependency to team empowerment

Scaling demands a business model that allows your product or service to be replicated beyond you as the owner. If you’re still entrenched in the sales process or other core operations, then your business isn’t scalable — there are only so many hours in a day, and your capacity will be maxed out.

The most successful brands use 15 scalable models, including franchising, subscription services, SaaS, licensing and replicating talent across your team. Pinnacle Global Network and its team of mentors help businesses implement these models to increase their growth.

Entrepreneurs who believe that clients want to work only with them often struggle with the idea of stepping back, fearing that doing so will cause the business and potential partnership to fall flat. But with a strong, team-empowered company, this simply isn’t true.

The key is extreme clarity on your company’s direction and vision. Every team member has to be clear on what success looks like for their role and for the company and understand their part in reaching the vision both within and outside. The CEO will find it less difficult to let go when everyone is in line and headed toward the same North Star. Rather than saying, “I’m doing this” or “I’m creating that,” start saying, “We are,” and putting the focus on your team. Emphasize their achievements and strengths to your clients so they may have faith in your team’s capacity to deliver.

Related: The Best Way for Your Business to Thrive Is for It to Not Need You

Start empowering your team today

One step entrepreneurs or CEOs can take to empower their teams today is to work on their own leadership style and assess how they communicate with their teams. Instead of answering everyone’s questions and making the team dependent on you, ask them, “What do you think is a great solution?” or “How would you handle this situation?” You could even say, “Why don’t you put a plan together and present it to the team?” These are small ways to empower your team to take ownership and put their creativity into their work. When they do this, they will care about it so much more, take pride in it, and put more energy into the success of their work.

As this happens, the team will become less reliant on the owner, allowing them to move more into that visionary role and focus on bigger-picture strategies. This directly impacts scaling because when the team is empowered, and the owner isn’t bogged down daily, the company can move to a more scalable model that replicates and multiplies.



Source link

Tags: BuildBusinessBusiness CultureBusiness PlansBusiness processCompanyCultureentrepreneurGrowing a BusinessgrowthGrowth StrategiesLeadershipManagementReasonsScalabilityScaleScale UpScalingTeamEmpowered

Related Posts

This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur
Business

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
What Every Brand Gets Wrong About Using AI | Entrepreneur
Business

What Every Brand Gets Wrong About Using AI | Entrepreneur

May 31, 2025
Improve Your Productivity with Windows 11 Pro for Just  | Entrepreneur
Business

Improve Your Productivity with Windows 11 Pro for Just $15 | Entrepreneur

May 31, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
What Every Brand Gets Wrong About Using AI | Entrepreneur

What Every Brand Gets Wrong About Using AI | Entrepreneur

May 31, 2025
Improve Your Productivity with Windows 11 Pro for Just  | Entrepreneur

Improve Your Productivity with Windows 11 Pro for Just $15 | Entrepreneur

May 31, 2025
Turn Your Side Hustle Into a 7-Figure Business With These 4 AI Growth Hacks | Entrepreneur

Turn Your Side Hustle Into a 7-Figure Business With These 4 AI Growth Hacks | Entrepreneur

May 31, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In