
Benjamin
๐๐ต๐ฎ๐บ๐ฝ๐ฎ๐ด๐ป๐ฒ ๐ฎ๐ป๐ฑ ๐๐ผ๐ณ๐ณ๐ฒ๐ฒ
Updated: Apr 29

"๐บ๐๐๐๐๐๐ ๐๐ ๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐ ๐๐๐๐."
โ Jaime Masters
Celebrate the wins AND then keep pushing.
Make a toast, and then pivot to plan your next steps.
For founders to embrace gratitude helps to build resilience for long-term success and promotes team confidence, collaboration, and retention.
However, donโt linger at the party too long.
Iโve seen founders raise a round and then decide the office needs a bunch of new amenities, which feels like an ongoing party.
Definitely acknowledge the win then pivot to planning the next phase.
๐ฅ๐ฒ๐ฐ๐ผ๐ด๐ป๐ถ๐๐ฒ ๐๐ต๐ฒ ๐ช๐ถ๐ป๐
Build on your accomplishments to generate further benefits.
๐๐ฐ๐ฎ๐ฎ๐ถ๐ฏ๐ช๐ค๐ข๐ต๐ฆ
Review the success in meetings. Maybe have the people responsible for the win talk through the work.
Also, let clients know. Focus on how your success will benefit them e.g. a new release could benefit their workflow or reporting.
๐๐บ๐ฑ๐ฆ
Distinguish and amplify the reasons for the accomplishment.
Externally, emphasize the process which applies to all your work.
Internally, reinforce the actions (e.g. ideas, perseverance, collaboration, etc.) leading to success.
๐๐ฆ๐ธ๐ข๐ณ๐ฅ
Recognize the team. Money may not be the best incentive and may not be an option. Look to people's prime motivation:
Achievement - they may want to lead a major project or join an industry conference.
Power - they may enjoy meeting an investor or appearing in a social media announcement.
Affiliation - they may smile broadly when called out in the meeting or designated the honorary guest at a team lunch.
Also, an introvert will prefer a private recognition while an extrovert will bask in public ceremony.
Tailor rewards for maximum effect.
๐ฃ๐๐๐ต ๐ณ๐ผ๐ฟ ๐๐ต๐ฒ ๐ก๐ฒ๐ ๐ ๐๐ฒ๐๐ฒ๐น
Your win can motivate the team forward. Consider this process:
๐๐ฏ๐ข๐ญ๐บ๐ด๐ช๐ด
Review the elements leading to success:
ยท What reasons led to this win?
ยท Were new people or approaches introduced?
ยท How to apply these factors in scaling the company?
๐๐ฆ-๐ฆ๐ท๐ข๐ญ๐ถ๐ข๐ต๐ช๐ฐ๐ฏ
You know to assess the landscape when something drastic happens. Apply this win in the same way.
Revisit your business plan and financial model to make any necessary adjustments.
Success tempts us to complacency. You must adapt to keep growing.
๐๐ฆ๐ญ๐ง-๐๐ค๐ณ๐ถ๐ต๐ช๐ฏ๐บ
Itโs tempting to question yourself when things go poorly - but not after a win. Avoid that impulse and ask yourself these questions:
ยท What are potential risks now and how do we avoid them?
ยท What aspects of our strengths could become weaknesses?
ยท What potential challenges arise? What new opportunities?
Celebrate your wins, evaluate your standing, and plan your next steps in the company and in the market to improve your long-term success.
Trade the champagne flute for a coffee mug to optimize opportunities and reduce risks.
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Photo by Fadime Erbass who can be found here: https://bit.ly/3NZ6VGT