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The right team is key to success.

You know your customers. You have a killer product to sell. The business plan is set, strategy thoughtfully documented and funds are in place. You?re ready to go to market or even poised for explosive growth. But, are you surrounded by the best possible teammates to make the dream a reality?

In my 40 plus years as a successful entrepreneur, angel investor and venture capitalist, I have learned that business owners cannot grow an enterprise singlehandedly. ?Michael Jordan once said ?Talent wins games, but teamwork and intelligence win championships.? ?A championship team begins with an inspired coach who has a world class plan to be number one.? To achieve his dream, he recruits, trains and motivates skilled athletes who are willing to set egos aside for the good of the team. ??Working in harmony with a single purpose and a dedicated effort, the coach and the players are able to achieve greatness in their sport. The same model applies to starting and growing an award winning business.

I view a business founder as a coach.? A leader who knows what has to be done, when and where.? Every growing company has multiple tasks that have to be performed for an enterprise to succeed and flourish.? The job of the coach is to recruit and hire the right people to accomplish given assignments.? From my own experiences as a serial entrepreneur and from what I have seen from other business founders I have supported financially, I have learned that exceptional organizations engage a cadre of talented business people who perfectly fit five vital areas of the organization.? ?Today I am pleased to share with you what I feel are the most critical team members any entity must have to win in business.

The leader.

It all starts with the leader. The best business coaches are servant leaders.? They recognize their businesses will soar if they hire great people and let them ?own? their assignments. In this light, the business founder is there to support the employee?s efforts with needed resources, guiding principles and agreed upon priorities.? He or she encourages, motivates, rewards and provides feedback on job performance.? He corrects with kindness and celebrates achievement.? This leader knows if he takes care of his employees, they will provide superior service to customers, who will, in turn, continue to buy and tell their friends to do the same.? He is forgiving of mistakes.? He lets people learn and grow.? He provides a culture of integrity, honor, self reliance, innovation and camaraderie.? They daily play their best game.? Their output is superior to the competition. They are happy people and look forward to work every day.? In fact, the leader is loved by his employees and they will do any for him or her.

The expert.

Great business leaders succeed because they hire people who know the industry, the trends, the competitors, the market place, the customers, the products they sell, the vendors and investors.? They surround themselves with workers, managers and other leaders who have years of experience.? They bring vital information and deep knowledge to their assignments and are willing to share what they know with the business founder, peers and subordinates.? These expert employees mentor others who are learning the business.? They are vigilant and continue to watch and learn.? They provide guidance and wisdom on what works and what does not work in the organization; the results -mistakes are few, productivity is high. I speak from experience on this important topic. I have scars on my back from numerous failed start ups because I hired a team of inexperienced and unseasoned workers who had little knowledge and therefore couldn?t perform.

The financial guru.

Successful businesses all have an experienced and talented financial officer.? The importance of this critical leader can?t be overstated.? No company can survive or prosper without a person who understands accounting, finance, strategy and cash flow management.? There must be someone in the organization that can be trusted with the funds that are received and dispersed by the company.? He or she who owns this key responsibility must know at every minute the health of the company; the availability of cash should be top of mind.? I have learned that regular meetings between the financial guru, peers and the founder are critical to staying afloat.? All leaders and managers need to know where the company is financially and what must be done to sustain viability.? Again, from personal experience, I have watched many companies go out of business because leaders failed to put a competent financial player on their team.? Most planned to do it, but did so too late.

The strategist.

Having a strategist on the team is another critical element that ensures prosperity.? Why? Most entrepreneurs are busy taking care of day to day business.? They have their heads down making sure the company is making money and that the right products are being made and that employees and customers are happy.? They don?t notice the world is changing.? They lack intelligence on emerging industry trends, changes in customer behavior, new competitors and disruptive product innovations. ?They are buried with huge tasks and pressing deadlines.? They don?t have time to lift their eyes to the horizon and learn what tomorrow will bring.? I know this life style.? I have been there many times.? I never had time to put my put my feet up on the desk and gaze into space and see the future.? Yet, the future is heading directly at business founders at high speed.?? To maintain and grow, someone in the organization should be assigned to carry the crystal ball and report on what he or she sees.? Yes, growing companies? need a visionary to research, comprehend and report on opportunities and challenges down the road.? Failing to have this key leader on the team will be catastrophic to the company.? No owner wants to wake up one morning to learn they are now headed to the cemetery of expired businesses.? Having learned this lesson more than once, I now have a strategist on my team that guides our enterprise into the future.

The executer.

Every great company has a leader that owns the responsibility to execute or implement company plans.? These assignments may encompass research, inventory management, manufacturing, distribution, human resources, IT, and marketing and sales.? In many businesses, the person who oversees these critical tasks bares the title of chief operating officer.? To carry out these responsibilities, he or she will hire an expert staff of employees with specific duties that must be accomplished for the enterprise to flourish.? These workers are the heart of the organization and deliver what customers want and buy.? Companies that fail don?t have this key person on the team.? Those firms that do, have found and hired a highly talented executive who know what needs to be done, when and how.

In conclusion, as an owner, shareholder or board director, does your organization have these five critical executives? Are they performing as expected or do they need to be hired, developed or replaced? I would appreciate hearing from you about your organization and its leadership.? I can be reached at @AskAlanEHall or via my personal website,?www.AlanEHall.com.

Author:?Alan Hall?|?Google+

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Source: http://lowbrowse.org/five-critical-team-members-for-business-success.html

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Syracuse on to Final Four, beats Marquette 55-39

Syracuse players and coaches celebrate for photographers after their 55-39 win over Marquette in the East Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Washington. (AP Photo/Pablo Martinez Monsivais)

Syracuse players and coaches celebrate for photographers after their 55-39 win over Marquette in the East Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Washington. (AP Photo/Pablo Martinez Monsivais)

Syracuse forward James Southerland (43) lands on Marquette guard Junior Cadougan (5) as Syracuse center Baye Keita (12) looks for the rebound during the second half of the East Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Washington. (AP Photo/Pablo Martinez Monsivais)

Syracuse forward C.J. Fair (5) falls on Marquette guard Junior Cadougan (5) during the first half of the East Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Washington. (AP Photo/Pablo Martinez Monsivais)

Syracuse forward C.J. Fair (5) cuts down the net following their 55-39 win over Marquette in the East Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Washington. (AP Photo/Pablo Martinez Monsivais)

Marquette forward Steve Taylor Jr., (25) and Syracuse guard Michael Carter-Williams (1) reach for a loose ball during the first half of the East Regional final in the NCAA men's college basketball tournament, Saturday, March 30, 2013, in Washington. (AP Photo/Pablo Martinez Monsivais)

(AP) ? When played to perfection, there's nothing quite like Syracuse's aggressive, half-court 2-3 zone defense.

It's 40 minutes of trapping and shot-challenging, of closing off angles, of trusting teammates.

"We showed," senior guard Brendan Triche said, "that defense wins games."

Yes, the Orange D certainly does.

With a second suffocating performance at the East Regional, No. 4-seeded Syracuse shut down No. 3 Marquette 55-39 Saturday to earn coach Jim Boeheim his fourth trip to the Final Four ? and first since a freshman named Carmelo Anthony helped win the 2003 NCAA championship.

"A tremendous, tremendous defensive effort," Boeheim said.

Fittingly, a matchup between schools from the soon-to-break-apart, rough-and-tumble Big East became quite a struggle on the offensive end. Syracuse (30-9) was led by senior forward James Southerland's 16 points. Michael Carter-Williams, a 6-foot-6 guard who is out front in the zone, was named the regional's top player after accounting for 12 points, eight rebounds, six assists, five steals and only one turnover Saturday.

Marquette (26-9) hadn't scored fewer than 47 points all season ? and, indeed, put up 74 in a victory over Syracuse on Feb. 25. But this time, Marquette kept turning the ball over, seeing its shots blocked or just plain missing.

The Golden Eagles' 39 points were a record low for a team in an NCAA tournament regional final since the shot clock was introduced in 1986.

"They beat us from start to finish. We collectively tried everything we knew to try," Marquette coach Buzz Williams said. "It is the zone, and it is the players in the zone."

Much like what happened Thursday in the regional semifinals, when Syracuse knocked off top-seeded Indiana by limiting it to a season-low output, too.

"I don't think we've played as good defensively as these last two games," Triche said. "We held some good teams down."

All told, Marquette made only 12 of 53 shots ? 23 percent ? and was 3 for 24 on 3-pointers. Vander Blue, who carried Marquette to the round of eight, was held to 14 points on 3-for-15 shooting.

"They cover ground really good. You've got to get the ball in the middle, you've got to play inside out, you've got to get to the free-throw line and wear them down with the 3-pointer when you can," Blue said. "They're really good at what they do in that zone."

Consider these numbers through four games in the tournament: Syracuse is averaging 6.5 blocks and 10.8 steals, while forcing opponents into 29 percent shooting, including 15 percent on 3-pointers.

"We couldn't get one to drop in from up close," said Marquette's Jamil Wilson, who was 0 for 5 on 3-pointers, 1 for 9 overall. "We couldn't get one to drop in from outside."

The next team to try to solve that defense will be the winner of Sunday's South Regional final between Florida and Michigan. Syracuse is 3-0 in national semifinal games under Boeheim.

And to think: Exactly three weeks ago, in this very same building, Syracuse wrapped up its final Big East regular-season schedule before heading to the Atlantic Coast Conference with a bad-as-can-be performance in a lopsided loss to Georgetown. Syracuse's 39 points that day were the Orange's tiniest total in a half-century.

That was Syracuse's fourth loss in a span of five games, a stumbling way to head into tournament play.

That night, Boeheim forgot to adjust his alarm clock to account for daylight saving time, and so showed up late for a pre-practice coaches' meeting. His players, turned out, had organized their own session without supervision, starting the work it would take to get going in the right direction.

"I watched them for a few minutes and it was really a good thing. I thought our practices were really good after that," Boeheim said. "You can turn things around in this game."

Since then, Syracuse has won seven of eight.

"When you bounce back like that, that says a lot about your kids, your team and your character," Boeheim said. "This is a heck of a bounce back."

And the secret to success? Defense, naturally.

"We got the right personnel for each key position," C.J. Fair said. "We got big long guards, we got big long forwards that can cover ground and our centers do a good job holding down the inside."

Because of that, Syracuse really needed only one run on offense in the second half, making five shots in a row during a spurt that gave it a 41-28 lead with 9? minutes left.

Last season, Syracuse fell a victory short of the Final Four, losing to Ohio State in the round of eight.

"We wanted to get over the hump," Southerland said. "That's what I told the guys: We've still got two more to go."

With President Barack Obama ? a basketball fan who picked Indiana to win the title ? and NFL Rookie of the Year Robert Griffin III of the Washington Redskins sitting in the crowd, Syracuse harassed Marquette into missing 14 of its first 15 tries from beyond the 3-point arc.

Marquette started 1 for 10 overall on field-goal tries, with Blue's 3-pointer about 1? minutes in the only make. He celebrated as though it came at the end of the game, not the outset, punching the air and tapping defender Triche on the back while heading to the other end of the court.

After Blue's 3, Marquette missed its next seven shots. There would be other such stretches. Six misses in a row. Six misses in a row. Even nine in a row.

The Golden Eagles also went nearly 6? minutes without a single field-goal attempt in the first half. Forget about putting the basketball through the net; Syracuse was so smothering, Marquette did not even manage to shoot.

When Southerland hit a 3, off a pass and screen by Carter-Williams, the Orange led 24-18 at halftime.

After helping cut down the net to celebrate Saturday, Southerland was asked whether he thought this sort of thing was possible when his team was leaving the same arena on March 9 after losing meekly to Georgetown.

"We just did a good job of recovering from that," Southerland explained, "and not sulking."

___

Follow Howard Fendrich on Twitter at http://twitter.com/HowardFendrich

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/347875155d53465d95cec892aeb06419/Article_2013-03-30-BKC-NCAA-Syracuse-Marquette/id-83bc0e6ea4bd4e63ba3b114170aaa857

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Anna Undebeck (101)
Friday March 29, 2013, 6:48 am
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