This Simple Acronym Will Help You Foster Effective Team-Building Skills To develop a successful business, focus on developing a strong team.

By Mike Phillips

Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Mike Phillips discusses his "TEAM" concept, a framework for nurturing teamwork within a business. The acronym is as follows:

  1. Train. The training process should be organized on a schedule and planned beforehand.
  2. Empower. Leaders are usually individuals who like to maintain control, but in order to keep your team happy and motivated to work, you have to pay special attention to empower your employees.
  3. Act. Though you may have a capable team behind you, you must continue to lead and take action. Even if the actions seem small, they will communicate to your team you care and are still involved.
  4. Move ahead. Make sure you are always charging on and making progress.

Click the video to hear more from Mike Phillips.

Related: How to Increase Morale and Assert Leadership During Your Sales Team Training

Watch more videos on Lead the Team's YouTube Channel.

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Mike Phillips

Digital Executive, Motivational Speaker, and Leadership Coach

Michael "Mike" Phillips is a Digital Executive, Motivational Speaker, and Leadership Coach. He has more than 25 years in coaching and leadership. Mike hosts a weekly podcast for sales and leadership titled "The FRONT." One of Mike's driving purposes is to help YOU grow and go further in business and to develop the next generation of business leaders.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

Build a Profitable One-Person Business That Runs Itself — with These 7 AI Tools

Discover seven tools to automate content, leads and sales so you scale solo.

Business News

Investment Firm CEO Tells Thousands in Conference Audience That 60% of Them Will Be 'Looking for Work' Next Year

There were over 5,500 people at SuperReturn International 2025, making it the largest private equity event in the world.

Business Solutions

Send Your Productivity Skyrocketing for Only $15 With Windows 11 Pro

Get advanced security and productivity features, plus game-changing AI assistant.

Making a Change

Serious About Professional Growth? $20 Gets You 1,000+ Expert-Led Courses for Life.

The secret to gaining proficiency in business tactics, coding, marketing strategies, and more.