Create Environments in Which Everyone Can Flourish

by / Saturday, 12 August 2017 / Published in News & Updates

Running a successful company full of high achievers and model team members is something most bosses dream of, however a by-product of this might be that your team members wish to start their own business. After experiencing success within a company many will want to try their hand at running things themselves, after all there’s nothing quite like being an entrepreneur.

Much like the word ‘entrepreneur’, the idea of employee wellbeing was an alien concept when Singhi Advisors was in its infancy. While we didn’t openly discuss ‘wellbeing’, the health and happiness of our people was always top of mind.

New and exciting innovations and technologies have come along to shape our approach to team members’ wellbeing, but our attitude has always remained the same – it’s our people who drive our success, so we strive to maintain a healthy and happy culture, and create environments in which everyone can flourish.

In my view and basis my experiences and current ways of Singhi Advisors, I feel that a few ways to try and stop the worst from happening are:

1. Freedom. You need to give your people the freedom to get creative, to come up with their own ideas and run with them. If someone comes to you with an idea for a business, why not ask that person to launch a start-up? Over the years some of our team members’ ideas have resulted in our setting our next level of growth. This has helped us to enter new markets and, more often than not, succeed. Your organisation should act as a springboard for ambitious team members, not a set of shackles.

2. Foresight. This is important in business. Don’t wait until a team member comes to you and says he’s ready to leave before you start thinking about what his goals are and what keeps him happy – this should be part of your hiring decision. Before you make a prospect a job offer, be sure to consider how his plans for his career fit with your company’s. If there’s a real mismatch, it’s unlikely you’ll be able to work together long.

3. Don’t panic. If you have a team member who is really flourishing, he/she may well get to the stage where he/she is keen to become his/her own boss, and when this happens, you can’t blame anyone. As any entrepreneur will tell you, there’s nothing quite like running your own business. This is an opportunity for your company, not a setback. Bringing somebody new into the fold means that you will get a fresh perspective on your business and you’ll have the chance to add to your team’s skills and talents.

If your team member is departing, whether for a rival company or to start his own firm, the best thing you can do is to wish that person a warmhearted “good luck.” There are many paths your careers might take, and someday – who knows? – you may even decide to go into business together.

Our culture shies away from the predictable – thinking differently can open up great opportunities and possibilities. Singhi Advisors has never done business as usual, because we believe that the tried and tested route is not always the best path to success. Choice empowers people to make great decisions. Flexible working gives our people choice. Through initiatives like working from home, unlimited leave, integrated technology, and wellbeing in the workplace – we treat our people like the capable adults they are. If standard work hours no longer apply, then why should standard working conventions? Flexible working encourages our team members to find a better balance between their work and private lives, and through this balance they become happier and more productive.

The key is just to treat your people how you would like to be treated. People want to work on projects that mean something to them, and be surrounded by colleagues who treat them with the respect they deserve. If all companies took this approach then employee wellbeing ratings would be much higher.