Equity 1 Group
Pushing back the frontiers of economic ignorance and restoring sound financial foundations, one family at a time.

TEAM Building Basics

Many companies underestimate the importance of teams in fulfilling their overall mission.  In reality, every company with more than one employee needs to assign tasks to a team — not an individual.  In today’s complex and fast paced workplace, you’ll get left behind if you try to make it alone.

That’s because no one can contribute everything, but everyone can contribute something.  One team member might have outstanding leadership talents while another team member excels at providing administrative support.  Both skill sets are crucial to the team’s success, but they also play a big part in enhancing individual goals.  This is exactly where the acronym “TEAM” comes from:

Together Everyone Achieves More

A huge benefit to team building is being grouped together with like-minded people who are all working toward the same goals.  A side-benefit to this is being surrounded with the positive attitudes and actions of people that will progressively motivate you to reach your own potential.

Teams work using the power of strength in numbers.  One person with an idea probably won’t go anywhere.  Two people working on the same idea turns into an active discussion weighing in on the pros/cons, reviewing personnel management issues, and highlighting material logistics and strategies.  These factors are combined into an understanding of how they relate to a fixed deadline.

One of the biggest mistakes companies make is simply changing the name of a general workgroup to “Team X.”  A name tag doesn’t change anything.  The team needs to be given individual assignments and understand how they relate to other team members within a reachable goal.  Lastly, the team needs to be held accountable for both their failures and the accomplishments.

When working with a team, many individuals discover abilities that were unknown to themselves and to the team as a whole.  Stretching boundaries and known limits within a group will allow more ground to be covered in a shorter period of time.  Plus, a team can act as a support group to weaker team members and assist in overcoming obstacles that would have seemed impossible if tackled alone.

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