Last month, Katherine, Frankie, Bruce Nash and Cameron delivered a presentation to a business mastermind group on how to grow, build, and retain a team.

The group – Ideas Exchange, which Julian belongs to – is made up of many successful individuals, all of whom share learning and insights freely. Being asked to specifically present on the company’s success was a huge compliment and a testament to the hard work that has gone in over the years to build Wealth Matters to where it is today.

After 25 years in business, Julian and the team have learned a thing or two about how to succeed in building a team. After all, the team is the bedrock of the business – always at the forefront of the action, interacting with clients, representing the company, and doing the everyday work that allows us to help so many people achieve financial freedom.

We won’t reproduce the entire presentation here, but here are three of the many key elements that we use to ensure success within the team:

We follow a framework.

For us, the EOS Traction Model works perfectly. By following (and sticking to!) an established, repeatable, structured framework, we always have a clear course of action which is focused and easy to follow. It also makes results far more measurable, which is key for analysing performance, identifying what works and what doesn’t, and using those learnings to plan for future success.

Thinking time.

Getting stuck in the day-to-day minutiae of running a business can prevent you from doing the bigger-picture thinking and planning that is necessary for growth. For management we have five planning days and four golden days for making steps towards executing those plans. For the wider team, we have four training away days. This crucial headspace gives us space to dream, collect our thoughts, and plan.

Invest in your team.

This seems obvious, yet it’s surprising how many companies don’t get this right. The crucial thing here is to not just invest monetarily (although that is an important piece of the puzzle), but emotionally, too. If you care about your team, your relationship with them and their relationships with each other, and helping them to achieve their professional goals, you will naturally foster a far more happy, trusting, productive, enthusiastic, respectful, and supportive work environment.

We are exceptionally proud of the team and the work culture we have here at Wealth Matters. Here’s to another 25 years of the same, and more!