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December 1st, 2009:

Reward Your Team

This week is Thanksgiving and most people are thinking about what they are thankful for, it seemed appropriate to speak this week about rewarding your team.  Not only now, during the Holiday season, but year round.

First, who do you think of when you think of your team?  These should be all the people around you who help you to be successful and reach your goals. 

  • There are employees, co-workers, family members, strategic alliances, referral partners, business partners and anyone else who is there for you when you need something.

Second, how do you reward them?  There are so many ways. 

  • It can be monetary – raises, bonuses, fees, etc.
  •  It can be with gratitude – a note or word of thanks.
  •  It can be with small CNE’s (Critical Non Essentials) – an unexpected gift, occasional lunch treat, special parking spot and the like. 
  • It can be with recognition – awards, testimonials, and nominations.

Thirdly, how do you make it a success? 

  • It needs to be genuine.
  •  It needs to be meaningful to the person receiving it.
  • It needs to come from your heart and not from a sense of obligation.

 This week, try and think of ways to reward your team.  They will be Thankful.

Don’t Fear Failure

“I can accept failure.  Everyone fails at something.  But, I can’t accept not trying.” Michael Jordan, NBA Legend.

Is fear of failure holding you back from having great successes?  Many of the greatest success stories have had many failures.  Thomas Edison tried over 1000 times to create the light bulb, Tony Robbins lived in his car at one point, and there are many more examples.  You can only achieve greatness by getting out there and trying.

What is one thing you would do in your business that you are not doing now that you would do if you knew you could not fail?

 Why not get out there and try it today?

What do you really have to lose by not trying it?

Good luck!