Business
5 Steps To Create A Freedom-Based Team That Love What They Do
(Editor’s Note: The following article is a guest post by superstar entrepreneur and tech investor Jonathan Schultz.)
Your team should love coming to work every day and they should love what they are doing. The worst thing a leader can do for their team is to restrict the ways in which they work and not allow them to do the work they think matters most. Here are five strategies for creating a freedom-based team that loves what they do.
According to a 2017 Gallup Employee Engagement Survey, 33% of U.S. professionals are engaged, 51% are disengaged and 16% are actively engaged. Freedom-based companies, by contrast, can typically boast that more than 70 percent of their professionals are “engaged.” These numbers bring into question how many of your team members are actually engaged in the work they are doing and how can you help boost this number?
FIRST STEP: LEAVE YOUR EGO AT THE DOOR
Your team members will never believe that you trust their insight or intelligence if you are always the person who has the best solution. You need to allow your team to shine with the freedom to succeed or fail on their own. Your team is a reflection of your leadership. Remember, there is not only one style of leadership that works.
SECOND STEP: SHARE THE COMPANY’S VISION
A shared vision is fundamental when it comes to creating a freedom-based team. This will provide a common goal and establish a criterion for teams to make educated decisions. Qualified team members do not need to be told how to do their jobs. When you set them free to explore their talents and call the shots, they will have the potential to perform even better.
THIRD STEP: CREATE CLARITY AND ACCOUNTABILITY
There’s nothing more effective than being clear on what we’re all trying to accomplish while being accountable for the short-term success of each and every project. Like stated above, the combination of this with vision unlocks tremendous progress.
FOURTH STEP: DISCUSS ROADBLOCKS WITH YOUR TEAM
It’s very important to create time during the week to do 10-15 minute huddle sessions, whether through online collaboration tools if you’re not in the same location —or even better, in person. So everyone FEELS the progress together. You feed off the energy of the whole —and I feel like that’s missing a lot of times. Everyone is trying to shine themselves, but when you feed off the energy of the WHOLE, it’s more powerful.
FIFTH STEP: TAKE ON THE ROLE OF GUARDIAN OF YOUR FREE TEAM
When your team takes on more responsibility and make more decisions on their own, there will be less for you to handle, which means you can abstain from using your formal authority and serve as a guardian instead. Your new role will be the tie that keeps everything strewn together and keeps the company operating successfully and efficiently.
Your team will love coming to work if they feel they are valued, trusted and have the freedom to work in the way they do best. These five steps will help you accomplish establishing a freedom-based team.
Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here.
Yes, you read that right.
If there’s anything the pandemic taught us, it’s that the paradigm of “office” and “workspace” has been shaken to its CORE.
Universities are teaching via Zoom, court dates are done virtually, FULLY REMOTE businesses are valued at $1B+, and legitimate Inc. 5000 startups are run from…wherever. 📲
This is my office for the day…
I am actually running our business from the beach, typing this from here.
It’s 4:28 pm CET, which means it’s 10:28 am EST and I am CRUSHING my to-do list.
(And the team will continue to crush it while I’m asleep. That’s the 🗝)
So how did we get here?
We launched NYCE and our mission to create 100,000 millionaires in March, 2020…just as the global COVID-19 lockdown happened. 😳
As a result, we shut down our main office and set EVERYTHING up to run remotely…
SMOOTHLY! And a system that allows us to outperform competition by 200%. (You can build this system, too. More on this in a second.)
Here’s what we were able to do since then:
- Gained 6M+ followers across all platforms 📈
- Add 1500+ new apartments to the portfolio 🤑
- Grow to $300M in real estate 🚀
- 105% investor returns 🎉
- 700K+ community members 🤝
And here’s the best part…
Having team members in all the main time zones gives us a 24-hour work cycle vs. 9-5/eight-hour on-the-clock performance.
This means we get 3x the productivity of a similar company. 🔥
Let me repeat that…3x PRODUCTIVITY vs. our competitors.
Meanwhile our project management software grants us 24-hour TEAM-WIDE connectivity that tracks all tasks and lets us know if productivity dips even a little bit.
There is ALWAYS someone senior awake. It could be Martin in Barcelona…Nat in New York…Vineet & Arif in New Delhi.
All the while giving YOU GUYS wealth hacks and daily content. 🔥
OK, so how can you do it?!
Well, the first step is to have an actual side hustle you’re launching. Not just an idea, a validated business.
MAJOR KEY: Do NOT spend money until you’ve made your FIRST DOLLAR! 🗝🗝🗝🗝
(You can catch a replay Business Launch masterclass here and see TRIBE member Nessa launched her business on the spot and got her first $45K client shortly after.)
One of the easiest ways to start is with Airbnb—you can start that in 10 minutes. Literally. (Here’s a guide if you need it.)
Once you have your business, you build a virtual infrastructure (you really just need two softwares, which are FREE), manage the team accordingly and run the business from there.
I’m gonna put together a step-by-step video breakdown this weekend inside the new TRIBE U on the FIVE key things you need to do this for YOURSELF. 💵 💎
From what software to use, how to build a team, how to keep.
In the meantime, drop a comment if you’re ready to build some wealth and any questions if you want more…
Let’s get to work. 🙌
PS: If you can’t be bothered with video and just wanna get to work, we’re hosting a TRIBE U workshop that will help you get this process started on the spot. It’s $479 $49. 🔥
Investor and popular Instagram influencer Philip Michael says new fintechs need to take greater responsibility for their younger traders.
“Promoting financial literacy is a must, but encouraging risky gambling is reckless,” Philip Michael, NYCE CEO, says.
In 2020, a 20-year-old Robinhood trader killed himself after engaging in risky options trading and seeing his balance $730,000 in the red, leading to a wrongful death lawsuit against the investment app.
“The main apps onboard as many new users as humanly possible, but there’s really no educational process,” Michael says, “and these first-time investors are left to figure things out on their own.”
NYCE—a fintech focused on creating wealth for minorities—wants to create 100,000 millionaires through real estate investments and wealth education.
Through its app, investors can own shares in apartment complexes for as little as $100.
Since launching, NYCE has set records for most new first-time BIPOC real estate owners, buying over 1500 apartments in the pandemic and splitting ownership with its investor crowd.
Once investors are in, NYCE automatically enrolls investors in an online wealth academy (TRIBE) that teaches basic wealth principles, responsible investing and how to spot irregular fads like altcoins and meme stocks.
“Becoming a millionaire is a function of time and habit, not luck and one-time scores,” Michael says. “The micro-investments are really just the gateway drug to that wealth mindset.”
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