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Team Concept Key For Small Business Success

Written by Ken Gaebler
Published: 2/15/2010

Small business experts weigh in on how to get the most out of small business employees. If you own a small business, this human resources advice may be just what you need to take your company to the next level.

According to several small business executives, developing a dependable team and sense of camaraderie is the key to succeeding as a small business.

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Laurie Benson, CEO of a Wisconsin-based information systems company, believes that making employees feel welcomed and valued can motivate them to work harder and work stronger with their co-workers, according to Business.gov.

Also bringing in candidates who show great potential for development can help your company grow in several different ways.

"Try to hire someone who's smarter than you," Jenna Sellmeyer, CEO of Oklahoma-based Asset Group, told the news provider. "Don't be threatened by them. You can only build from that. Hire the guy who can take your position. Because you can't move up until they move up."

Sellmeyer made small business news in 2009 by winning Oklahoma Small Business Person of the year after successfully battling cancer while running her business, which reports annual sales of $45 million.

Companies who foster great competition have experienced success as well, though. College Hunks Hauling Junk offers cash rewards for great productivity, according to Inc.com. CEO Nick Friedman believes that this model is best for franchises.

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