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The Top 8 Proven Motivational Strategies Part 6: Competition

strategies for business competition

Hi everyone and thank you for joining me today. This is the sixth installment of my blog series on the top eight motivational strategies. I hope each of you is having a wonderful day. The last post discussed fear of consequences as a motivational strategy, but today we’re going to cover Competition.

Today’s post will go over what is good competition and how to use it to motivate your team members. This strategy will you become a better leader while providing your team with the fuel they need to perform at a high level. As is the case with the other strategies, this will work best in a small, family-owned business. Without further ado, let’s look at how this strategy can be incorporated.

Utilizing Competition in a Family-Owned Business

Let me start by emphasizing the importance of using Healthy Competition. Healthy competition is friendly, fun, and laidback, regardless of who wins in the end, and everyone can enjoy it. In contrast to the unhealthy competition which is detrimental to any business because it breeds resentment, burnout, and poor performance. That’s the opposite of what you want for your company! Furthermore, while there may be natural competition within your family unit, it’s critical to encourage the professional kind as well. That way, you have something that doesn’t rely on family relationships and is accessible to everyone in the company, including non-relatives.

Consider having your employees compete for cash prizes or other rewards (such as a free meal at their favorite restaurant). You might also want to implement an employee of the month program to recognize your top performer. Healthy competition can be extremely beneficial to your business. Surpassing others makes people feel good. This type of competition can be a great motivator for many people.

When using competition in your business, you want to make sure that your employees are competing for things they truly desire. It’s easy to assume when it comes to this, but it’s important to have a discussion with your team members to find out what types of rewards motivate them the most. They may get particularly fired up about employee of the month programs but aren’t as jazzed about gift certificates. Check-in with them to make sure that you choose the best possible way to implement competition.

Conclusion

Competition can really liven up your business and boost the performance of your team members. I sincerely hope you give this strategy a shot, then please feel free to leave comments regarding your results. I’d love to hear from you and find out what changes you experience after implementing this motivational strategy. You’re also welcome to drop your questions through email!

After competition, our next post will discuss significance/purpose as a motivational strategy. This will be the seventh of the eight strategies, so please keep an eye out for it.

Thanks once again for joining me today, and have a better than amazing day!