Leading Virtual Teams like Jack WelchHow to Train, Motivate, and Develop From Afar

Some Stats About Jack

Jack Welch was chairman and CEO of General Electric between 1981 and 2001. During his tenure at GE, the company's value rose 4,000%. In 2006, Welch's net worth was estimated at $720 million. When he retired from GE he received a severance payment of $417 million, the largest such payment in history.

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JACK WELCHCreate Winning Companies by Creating Winning Teams

Do everything themselves01

Outsource very specific tasks02

Place all responsibility for failure on the virtual assistant.

04

Micromanage

03

How many entrepreneurs operate like Jack Welch?

Most Don’t. Instead, they:

Never truly develop past a one-man shop05

The traditional views of outsourcing

Labor unionsA way for Scrooge-like executives to cut jobs and ruthlessly reduce expenses.

Corporate executivesA way to cut jobs and reduce expenses

Entrepreneurs and SolopreneursA way to affordably bring on more assistance and save time by offloading very basic, yet repetitive, tasks.

What if we changed our view of outsourcing?What if we made a few transitions in our views of

outsourcing?

Long-term business partners and team

members

Temporary help

People eager for professional development

Task Rabbits

Real human beings

Abstract commodities

The benefits of this new mindset for entrepreneurs

Your team is happier.

You increase their long-term value.

Your schedule becomes even more flexible.

They find more purpose in their work.

How to invest in your virtual assistant team?

Pay for their education.01

Ask for their feedback.02

Encourage them to take risks.

04

Allow them to develop their dream role03

Continually reaffirm their accomplishments.05

Celebrate successes.06

How would you benefit from investing in people instead of projects?