3 Reasons a weekly business review sharpens your team

In this week’s issue, I’ll share 3 reasons having a weekly business review made my team sharper.

By having a sound weekly business review, your team will be grateful you’ve taken the time to really think through how you want the team to operate and help them develop their skills.

The problem is that some leaders fail because they have not spent enough time defining how they want to work or how their processes develop the teams participating in their weekly business reviews.

Done well, weekly business reviews enable your team members to become their next best version continuously. Here are 3 reasons why:

Reason #1: Your weekly business review will increase their learning

“Iron Sharpens Iron” is the analogy a good weekly business review instills in your team

This is because preparation for the reviews requires teammates to

• understand the processes for their forecasts.

• consider risks associated with those processes

• Identify opportunities to improve those processes

In short. a proper weekly business review makes teammates really study their processes at a level of detail they otherwise would not have.

Reason #2: Your weekly business review will give them a chance to learn about the entire organization

Imagine the insights you get looking at a crowd from the balcony versus looking at a crowd at a street level.

That’s the vision a great weekly business review gives your team

This is because in addition to their part of the review, teammates get to;

• Understand what is important to leadership.

• See how other areas of the business are performing.

• Connect the dots between their work and the greater organization.

• Learn how other leaders are addressing challenges and opportunities.

In essence, a good weekly business review helps your team see things as their leader does every week.

Reason #3: Your weekly business review will help prepare them for the next stage of their career

To do stuff, you actually need to do stuff.

Likewise managing is a doing not thinking activity thus having your teams participate in weekly business review reviews helps them build valuable skills that are critical as they grow into leading their own larger teams. Skills like:

• Handling bad news

• Empowering teammates

• Communicating bad news

• Focusing on what the team controls

• Developing and enabling action plans

• Managing expectations of higher-ups

• Connecting actions to the team’s vision and goals

These skills and more become critical as your teammates step into leadership roles.

That’s all for this week! I wish you a more intentional outcome as you design your operating processes.

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