Oct 03, 2017 Michelle Royal Business, Design, Generation, Innovation, Measure, Million Dollar Teams, Resourcefulness, Storytelling, Visualization No Comments

The Five Powers of Million Dollar Teams

We have been working with high-level executive teams over the past ten years to build the skills that accelerate the velocity of growth. We would never take credit for the ultimate outcome of the teams with whom we work. It is their company and they put in the day to day hours, focus, and hard work to make their business and team a success. However, our experience shows our clients have a massive breakthrough within six months of engaging in our services. This massive breakthrough typically results in growth worth millions.

We have cracked the code on how to build Million Dollar Teams and are ready to share how you can too.

You might be wondering, “What is the formula?”.

The following components are what we have consistently implemented, observed and learned to be the most successful.

We call them the Five Powers of Million Dollar Teams.

  1. Visualization
  2. Storytelling
  3. Measures
  4. Resourcefulness
  5. Generation

At first glance, they may seem obvious. Over the course of the next 10 blogs, we will unpack what these powers mean in today’s business climate and provide you with easy to follow exercises to implement within your team to develop and strengthen these powers.

These five powers do not need to be played in sequence, although for anyone new to these kinds of concepts, they can naturally fall into step one after another. These powers can be combined in any variety. The master Million Dollar Team will have all five active at any given time and can therefore respond with accuracy and speed, even when flying blind. The goal is to strengthen your team with these powers so they can accomplish an expected or seemingly impossible outcome. The results of activating these powers within a team are ultimate preparedness, awareness, and responsiveness to take immediate massive action transforming every pitfall into an opportunity.

What will you get when your team can activate these powers? There are several ultimate outcomes.

  1. Preparedness
  2. Situational Awareness
  3. Accuracy / Precision
  4. Speed to Action

If you are a leader who is ready to launch your team into unimagined success, answer these questions to self assess your team’s capacity to reach a goal using these five powers.  

  1. Does your team have a crystal clear visualization of all potential outcomes (not just the fantasy of what they want to happen)? This includes the good, bad and ugly.
  2. Can your team tell a compelling story, in their own individual and collective way, that speaks to ignite clarity and working together? What methods are most effective?  
  3. Does your team have metrics in place for what really matters?
  4. Can your team list the skills and talents of other team members? Do they view financial funding as the only relevant resource? Or can they make something work regardless of budget because they know who and how to get the best out of each other as a team?
  5. Can your team generate a new reality from action, not just ideation? Where have you been successful or failed using either?

 

In our next blog, we will focus on the Power of Visualization.