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Key Idea #10: Teach, Preach, Coach and
Counsel
Albert Black
hires people from the poor neighborhood in which he grew up. They have little
or no business experience, so he has to spend time teaching not just how to do
a specific job, but how business works.
Topic for
discussion: What is the difference between teaching, preaching, coaching
and counseling?
Answer: He said teaching comes from the
intellectual side while preaching reaches the emotions. Coaching is directing
and controlling performance while counseling is being empathetic and offering
advice. Albert is explaining in a nutshell how complex it can be to build a
great team of employees. All of this sounds easy but it is extremely
difficult.
At On Target
learning is a priority and it isn't just learning how to do a specific job for
which a person has been hired. It is about every employee improving their
lives. Albert is the role model. Even after his company was enjoying great
success, he got his MBA through SMU's (Southern Methodist University) weekend
program. It took three years attending class most week-ends while working
spending at least 60 hours a week at On Target.
Topic for
discussion: Can a small business afford to fund employee education?
Answer: Albert says yes and explains, "We
work with people on education. If you don't have a bachelor's degree, if you
don't have a high school diploma, we'll send you back to school and we'll pay
for it. Some employees have gone during working hours and we've paid them for
that time. It's that important to us. I don't remember a situation where we've
invested in education that I didn't feel like the company got more than a fair
return."
In addition
to funding higher education, Albert teaches employees how to spend and manage
the money they are earning and how to earn more money. Ninety-five percent of
the employees are enrolled in the company 401(k) plan. Albert's goal is for
every employee to become part of the "affluent class." Each Friday morning he
serves a hot breakfast and offers a training class on a variety of topics but
all focused on personal growth and wealth accumulation. He says, "people are
becoming members of the free enterprise system, they're saving, they're
investing, they are building trust and for the first time in their lives are
earning more money than they need to spend. "
You think
about it: Do you teach, preach, coach and counsel? If not, do you think you
should start? Which of the four activities is the easiest for you and which is
the hardest? Who could mentor you where you are weak? |