Commercial Real Estate Encyclopedia
Business Planning >> III. Design Business Processes and Operating Model
<< Technology Extended Capabilities >>

Team Building

Importance
  • The Operating Model defined the roles that will need to be filled to execute the business.
  • Building the Team means bringing together the right people with the right goals, skills and attributes to perform those roles.
Building the Team

Of all the aspects of your business, there may be nothing more important than selecting the right people with the right skills and abilities who have the right attributes to get the job done. The operating model that was designed in the previous stage should have left us with defined roles that require specific skills and abilities to perform. But who will perform these roles?

There is more required in selecting the right person for the job than the ability to perform the roles defined in the operating model. There needs to be the right fit with the other members of the team. The team members have to fit within the organization, and as representatives of your team, each member must uphold your intended brand image to your client.

If you are working independently, you might initially have to perform each role yourself. Eventually, however, your volume may surpass your ability to execute the business at which point you will have to fold in other professionals into your operating model.

--- org chart here ---

Remember that as your team grows, you will have increased administrative, managerial and leadership duties. You may have turnover that you will have to deal with. But ultimately, it has been proven that the rewards will far exceed the costs.

Extended Capabilities >>



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