You lead a team of vibrant individuals who have the potential to achieve greatness, but there seems to be an underlying issue preventing them from realizing their dreams. Everyone seems to be working, but they are not productive. Maybe you’ve tried everything: meetings, targets, bonuses, and fun team-building activities. Still, there’s a missing link in your team’s quest for success. The answer to unlocking your team’s potential lies in Law Number 10 – The Law of the Price Tag, one of John C Maxwell’s 17 Indisputable Laws of Teamwork. In this blog, we will delve into what the Law of the Price Tag means and how it applies to our teams.
The Law of the Price Tag highlights that the team fails to realize its potential when it fails to pay the price. A team’s potential is not just in the goals they can achieve but also in the cost that the team members have to put in to achieve those goals. Hard work, sacrifice, and dedication are the price tags that come with the success of any team. As the team leader, it’s your responsibility to remind your team that rewards do not come quickly or easily. It takes sweat, time, and effort to achieve anything worthy. Be transparent about this, be clear about what the price is, and let them know that you are willing to pay the price with them.
Law Number 10 does not just refer to the hard work that’s necessary to achieve success, but it’s also about investing in your team. Many teams fall short not just because they do not work hard enough, but because they haven’t cultivated each other’s skills and talents. Investing in your team translates to training, development, and team-building activities. For you to achieve success, you need a team that’s competent, motivated, and confident. Encourage learning and development, and create a supportive working environment that fosters creativity and teamwork.
The story of a small marketing team provides an excellent example. This particular team had high ambitions and was eager to prove its worth, but they were easily distracted by the latest shiny objects and trends in the market. They wanted quick wins and fast results – without understanding what was necessary for success. They refused to put in the hard work required to understand their customer base and develop appropriate strategies. As a result, the team failed to meet its targets and had trouble retaining their clients. This famous quote gives us more insight into the law of the Price Tag “It takes 20 years to become an overnight success”, by Eddie Cantor. Put in the hard work and determination, pay the price for success and you will ultimately reap the rewards.
Ready to elevate your leadership skills? Take the first step with us and schedule a consultation with our experienced team.
John Maxwell says there are 4 Key Areas we will see the Price of Teamwork impacted. They are:
1. Time Commitment- How much time are team members willing to invest in the team?
2. Sacrifice – How many personal pleasures and comforts are they willing to forgo in order to achieve success?
3. Personal Development – Are team members willing to grow and learn in order to contribute more?
4. Unselfishness – When your personal goals conflict with the greater good of the team what are you willing to do?
By being mindful of these areas, team leaders can ensure that their teams are paying the price for success. The Law of the Price Tag is a reminder to us all that our potential lies in what we are willing to invest and sacrifice for it. It’s up to us to realize this potential by paying the price and taking massive action!
Sometimes the price tag is paid by family members as well. Team members must sometimes sacrifice time with their families and loved ones to dedicate themselves to the team’s success. This requires patience and understanding from both sides, but it can be done successfully if everyone is on board.
Here are a few more suggestions to help lessen the burden on their family during a hectic season:
- Prioritize and plan: Create a schedule that prioritizes work tasks and family time, ensuring that both areas receive attention.
- Communicate regularly: Keep your family informed about your work situation and any changes in your schedule. Open communication helps manage expectations and reduces stress.
- Delegate tasks: Share household responsibilities with family members to ensure everyone contributes and the burden is not solely on one person.
- Establish boundaries: Set clear boundaries between work and personal life. For example, avoid working during family time or taking work calls when spending time with your family.
- Engage in quality family time: Make the most of the time you spend with your family by engaging in meaningful activities and being fully present.
- Practice self-care: Take care of yourself by getting enough sleep, eating well, and exercising regularly. This will help you maintain your energy and focus, reducing the impact of stress on your family.
- Show appreciation: Acknowledge the support and understanding of your family members during this busy time. Express gratitude and let them know how much you appreciate their patience and assistance.
These simple steps can go a long way in minimizing the impact on your family while you work hard to achieve team success. Paying the price for success is worth it, but make sure your family feels appreciated and supported during this process. Achieving team success requires that everyone from the team leader down pay a price tag which includes hard work, sacrifice, personal development and unselfishness. By investing in your team, you can unlock its potential and achieve greater success than you ever imagined!
The Law of the Price Tag is a powerful reminder that success comes at a cost. Investing in your team with training, development and team-building activities can help you unlock its potential and achieve greater success than you ever imagined! Make sure to show appreciation for your family’s understanding during this process, as it takes everyone to paying a price tag to reach team success. With the right investment of time, resources and effort, your team can be unstoppable. Heed the Law of the Price Tag and you will see amazing results!