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The GaryVee Audio Experience

How To Build High Performance Teams - Virtual Consultation

The GaryVee Audio Experience

Gary Vaynerchuk

Business, Marketing, Entrepreneurship

4.818.1K Ratings

🗓️ 21 September 2022

⏱️ 36 minutes

🧾️ Download transcript

Summary

Today's episode of the GaryVee Audio Experience is a virtual keynote I gave recently. I talk about how you make sure your employees are trusted and feel safe, building a culture, the emotional ingredients in my strategy to building a high-performing team in a changing environment, and the power of humility.


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Transcript

Click on a timestamp to play from that location

0:00.0

This is the Gary V. Audio Experience.

0:05.0

But can I ask you like, how do you define a high-performing team and how to measure it?

0:14.0

I measure, you know, how to find how to measure it. I define it based on how I measure it.

0:20.0

I think that for me a high-performing team starts with retention.

0:24.0

I basically the own more than even how much money we have in the bank.

0:32.0

I care more about how long are people staying at the company on average.

0:38.0

So for me a high-performing team is first based on retention, which is just black and white math.

0:46.0

On the gray side, the non-measurable, I use my intuition on how happy are the people.

0:54.0

Some people stay in jobs because of money. That is often a gateway to unhappiness.

1:00.0

And so it's not just retention. It's overall common sense slash intuition, slash emotional intelligence to get a sense of how happy are they while they're here.

1:13.0

And then finally, I judge performance or know how it's a high-performing team based on the results.

1:22.0

For all the warm and fuzzies, I'm sure you sense this in the book that I wrote.

1:25.0

For all the warm and fuzzies and la la la, and all this, in that book are words like tenacity and ambition.

1:36.0

And I think work ethic matters and I think results matter. I think that so much of the world's unhappiness and anxiety is based on the fact that we eliminated or demonized competition at the youth level.

1:52.0

The idea that eighth place trophies are a good idea is a huge mistake in my one person's opinion.

1:59.0

And so the other way I recognize if there's a high-performing team is if they're winning. And in business, that means they're hitting their financial goals, both top-line revenue and profit.

2:11.0

For me, not only do I measure success financially, top-line and below-line revenue, in a year, I try to look at it in a three, five, seven-year window,

2:21.0

thus giving, and this is important to hear, thus giving a team the ability to over-focus on happiness and retention in a given year that may actually hurt them on their top-line and bottom-line revenue.

2:38.0

But if I look at the body of work, I'm always building businesses in perpetuity.

2:44.0

You know, we talk all about building brand, which is a marathon, right? Let's build a brand, yet you know this. Everybody here knows this.

2:52.0

The business operators from the CFO down care very much about sales.

2:59.0

And we do many things to hurt our brand in the face of hitting numbers and sales because we are in corporate environments held accountable to stock prices.

...

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