5 Ways to keep your Team Motivated
Maintaining the smooth and efficient operation of your finance and accounting departments, even during peak seasons, is a common challenge for businesses.
Accounting departments are often lean units in many companies, with members subjected to constant stress and tight deadlines, and meeting deadlines requires team bonding and effective team management.
Here are 5 tips for effectively managing your team:
1. Plan team-building activities and events:
The most important aspect of team management is maintaining and developing team bonding. Ascertain that your team functions as a cohesive unit in which one can work without undue stress. Once everything is back to normal, scheduling regular face-to-face meetings with your team may be extremely beneficial.
2. Make a training schedule:
To make your accounting team run more smoothly, you should discuss problems and come up with solutions together. On the other hand, you should conduct employee training to assess their strengths and weaknesses, which will result in increased productivity and efficiency.
3. Consider team feedback:
When someone takes our opinion on a topic related to their operation or that affects their day-to-day routine cycle, we feel proud as individuals.
4. Encourage people to learn new things outside of work:
Mentor your team and encourage them to learn new skills that are in high demand to start their side hustle. By doing so, you will create a strong impression in their minds that you are mentoring them in good faith and can motivate them to work harder for you.
5. Praise in Public and correct in Private:
The best way to build a team is to praise in public and criticize in private, as this will leave a lasting impression on their minds that you care about their social image. On the other hand, other people will be motivated to do this because we all enjoy receiving attention from others.
To keep the team in order, give them free rein to do whatever they want. Do not impose your decisions on them, but rather guide them to make the right decision and create an environment in the team where they can politely disagree with you without affecting your relationships. The team is its source of strength. Once a wise man said, “If you want to go fast, go alone, but if you want to go far, go with your team.”
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You can register your company in 3 statutes as the sole owner, a limited liability company, and a professional organization:
The first step will be the same for all constitutions with partial inclusion in the form.
Step-1. Request a pre-approved firm name:
The registrar has the right to reject your proposed name. It is best to get prior confirmation before proceeding with the registration process. There are no conditions for an individual owner. The words “Limited Responsible Company” or “LLP”, “LLP” for a limited passive name or “LLP” or “S.R.L.” Like the last words or letters of the company’s name and the words “professional company” or “professional community”, its name should be as the name of a professional organization.
You can request a pre-approval by logging in to My Portal, then selecting Obligations and Requests >> Applications >> Start New Application >> Firm Name Pre-Approval Application.
The application must contain all the related information:
The proposed name
The Nature of the services being provided
Number of members, students, and not-members involved in the practice of members
Names of the member(s) involved in the practice
After the application Responses will be sent by email to the registered mail address. Prior approval is valid for 180 days and does not mean that you have reserved the proposed name.