Ending Soon! Save 33% on All Access

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 News

TikTok Reportedly Laid Off a 'Large Percentage' of Employees as the App's Fate in the U.S. Remains Unclear

Laid-off TikTok employees were notified Wednesday night through Thursday morning.

Business News

Four Seasons Orlando Responds to Viral TikTok: 'There's Something Here For All Ages'

The video has amassed over 45.4 million views on TikTok.

Business News

More People Are Exploring Entrepreneurship Because of This Unexpected Reason

More new business applications were filed in 2023 than in any other year so far.

Personal Finance

This Investment Bundle Includes a Trading Course and Stock Screener Tool for $150

Approach the stock market with an increased understanding.

Growing a Business

5 Strategies to Know As You Scale Your Business

Scaling a service-based company requires a comprehensive approach that goes beyond simply increasing revenue. It requires careful planning, strategic decision-making and a deep understanding of market dynamics.