How To Manage A Startup Team
Episode Stats
Words per minute
220.37946
Harmful content
Toxicity
3
sentences flagged
Summary
In this episode, I talk about my 3M framework for managing a team and how you can use it to your advantage. You'll develop and grow a new high-income skill every week, the same way I mentored my first 3 millionaire students and over 60 others who have now replaced rat-race life with freedom life.
Transcript
00:00:00.000
How to manage a team. Now, I don't know about you, but if you've ever felt frustrated working with people and you're just like, why can't they understand my vision for the business? Or why do I need to monitor everything they do? Or why can't they just come up with their own to-do list? I have to keep creating their own. It's just life, guys. Just deal with it, honestly. I'm going to share with you guys in this video my 3M framework for dealing with teams. I'm going to break it down, but I also want to share with you guys a story.
00:00:35.880
that I actually had to hire somebody to do that for me.
00:00:41.060
so passionate, so excited about what we were doing
00:00:44.980
that anytime I felt like somebody wasn't on that same level,
00:00:48.000
I rubbed them the wrong way and I totally got that.
00:00:55.800
But over the years, I realized this is just no way
00:00:58.420
to build a business and I had to work on myself.
00:01:01.340
I had to learn and get feedback, 360 feedback from my team
00:01:06.560
for them to really feel like they could accomplish
00:01:15.060
So the 3M framework comes down to these three pieces.
00:01:19.800
the meetings that you need to be having in your team.
00:01:24.420
Every morning, okay, depending on if your team's international,
00:01:27.220
like I've built companies with employees all over the world,
00:01:35.420
they just send in a quick email to the team with an update.
00:01:39.220
I borrowed this idea from Agile Development or Scrum,
00:01:42.420
but it's really just, what did you do yesterday?
00:01:49.420
If you have a bigger team, you can do it by department.
00:01:52.260
but just a daily stand-up to create a heartbeat
00:01:54.640
for everybody to feel like they understand what you're,
00:02:05.820
I wanna let them know in front of everybody else,
00:02:08.020
and it creates kind of like a peer accountability structure.
00:02:14.020
The four meetings you gotta have, stand-up weekly.
00:02:18.060
you need to sit down, review how you guys are doing,
00:02:30.620
So maybe it's three times a year, twice a year,
00:02:34.320
where I grab kind of the senior management of the company
00:02:36.840
and we go away and we kind of just talk strategic
00:02:48.580
Do we feel like this is the right direction to be going in?
00:02:51.000
So on a quarterly basis, ideally, you're getting the team away.
00:02:55.020
Now, if you want to do it virtually, that's cool.
00:02:57.180
But at minimum a day, ideally two days, and honestly, in person.
00:03:04.000
And when I've had a team distributed across the world,
00:03:07.420
We pick a cool location that we'd all wanted to go check out.
00:03:11.740
We do our meetings, and we'd have some fun as well.
00:03:13.940
And then once a year, you want to sit down and do what's called the yearly plan.
00:03:17.640
So really ask yourself, what did we do this year?
00:03:34.140
You wanna figure out, you know, where is the business going?
00:03:38.340
Introduce new information, take customer feedback,
00:03:44.240
So those are the four real quick, the daily stand-up,
00:03:51.100
And then also the other two is the quarterly retreats
00:03:57.980
Okay, trust me, I had to learn this the hard way.
00:03:59.960
I want you guys to get it right from the beginning.
00:04:13.140
Imagine playing soccer and not knowing how do you score?
00:04:25.440
So that's the first part of the message, right?
00:04:32.840
that's why we do the daily standup, are you stuck?
00:04:35.080
And then your job as a leader is to get them unstuck.
00:04:38.040
So asking them that question is part of the message.
00:04:49.120
And not just delegate and then forget about it,
00:04:54.720
I don't know if you saw my three biggest mistakes video.
00:04:58.660
giving them a huge project to be accountable for
00:05:06.860
So the second M in the 3M framework for managing teams
00:05:10.440
is the message, KPIs unstuck and delegating with authority
00:05:22.360
they just feel like I've already explained them this stuff,
00:05:28.260
why you started the business should be something
00:05:31.020
that everybody in your team, all your contractors,
00:05:33.380
and ideally even your customers should know how to tell.
00:05:36.520
They should know why you got into this industry,
00:05:45.040
because if they know that, if they know that it comes
00:05:51.200
To me, the other one is understanding your why as a business.
00:06:04.000
that you were just frustrated and you were like,
00:06:14.500
trying to right this wrong, it would be time well spent.
00:06:27.820
and that's part of the bigger mission of our business.
00:06:30.160
Many times when people are frustrated with their team
00:06:32.460
and they don't feel like they've really got a good grasp
00:06:35.460
it's because they've stopped telling their stories.
00:06:46.940
and also what is the wrong you wanna right as a company.
00:06:53.540
weekly, daily, quarterly, and yearly for the planning.
00:06:57.940
The second M is message, helping to get them stuck,
00:07:00.180
understanding the metrics that they need to hit and move
00:07:02.700
so that they know how to play the game and be successful,
00:07:14.300
Make sure your team, your customers, your contractors
00:07:20.660
and that will help you build a bigger business.
00:07:22.400
I wanna encourage you guys to subscribe to my channel
00:07:32.620
and it might inspire them to take a different strategy
00:07:35.100
to get a better outcome i want to challenge you guys to live a bigger life and a bigger