Building a business is about building a community. When I started my business, my focus at first was only about building a community of customers. And it was easy. On the third day of business, we blew out the third year projections of my business plan.
Success can destroy an unprepared business and owner. I was in trouble and I knew it. I didn’t have enough staff and I was young and untested. I had to learn through trial and error, to “win” I needed to create a team. In my previous post, “Coaching, Building a Team, and the Beauty of the Loop,” I outlined what it took to build a running team. Similar principles apply in business.
The hardest part was finding my first follower. I made it harder because I was young enough that I hadn’t found myself yet. I kept trying to fit round pegs in square holes. Finding myself meant acknowledging the talents I lacked. As I did, I opened my eyes to the people that had those talents.
Once I found that person, I needed her to find her first follower (or my second). And she did.
I applied the rule of loops by keeping our “loop” small. I had too many people that wanted to join the team. Some in exchange for equity (don’t get me started on that red flag!). I said no a lot. And I did everything possible to keep our loop small even as I expanded our physical footprint.
I kept the loop small by using technology. Everything, and I mean everything, went into Basecamp (a cloud based project manager). Anyone could add anything; contracts, after action reports, holiday notes. Creating institutional knowledge empowers the team to make the right choices. It also creates accountability and trust in the organization. We supported each other and our purpose.
I also invested in our relationships long term. I worked with our COO for 25 years and was proud to sell the business to her. I kept vendors in place for 28 years. I used the business to make Bloomington a better community by making a difference.
I am proud of what I created and even prouder that the values and team we created lives on. Team work does make the dream work.
No easy way!