James Pratt winner Australian Auctioneer of the Year

James Pratt winner Australian Auctioneer of the Year

Entrepreneurship is an unpredictable and emotionally charged industry to work in, which is why it’s crucial to maximize your performance.

James Pratt, Australia’s top 5 under 35 Winner, two-time Thought Leader of the Year Finalist and the first person in the world to conduct a real estate auction via cryptocurrency said, “It’s important to understand that even an extra 1% improvement in performance from those working for you will make a huge difference over your competition.”

In his career James has had tremendous success as a pioneer in entrepreneurship within the film and luxury real estate, however, it’s James’ expertise working with titans of industry from different countries that’s seen him identify the best ways to improve peak performance for employees.

Here are James’ top tips for getting peak performance from your employees.

Align people with projects they’re passionate about
Find what your employees are passionate about and align them to their job role to help channel that passion.
Occasionally that can mean putting someone in an area where they don’t have much experience. But if their previous work history makes you think they can succeed in that role, it will fuel a strong desire to learn and grow.

Then, once they’re up to speed, that passion can become a strong driver of innovation and growth.

Reward your staff
The fastest way to motivate staff is to reward them when they have done a good job.
From words of recognition, to team lunches and financial bonuses, it is essential that staff members feel appreciated. 
The more your staff feel valued and rewarded the more attention to detail and effort they will put into working for you.

Your best performers should take the biggest opportunities

When you have a big opportunity that could propel your organization forward, you need to step back and think about who is the best person to lead the charge.

Big opportunities come around occasionally, and can be lost, so you should always put your best performers on your biggest opportunities.

Improve as a boss -Be bold with goals
Develop a culture of performance by setting aggressive goals and holding your employees accountable for reporting on their progress.
However, the goals can’t be so aggressive that your employees fall behind and feel like they can never realistically achieve them. 

That means that you must regularly re-evaluate the goals (at least on a quarterly basis) to decide whether they need to be scaled down or up.

Don’t throw people under the bus
Professionally handle mistakes by individuals privately and let them know your expectations for how this should be handled in the future.
Try to avoid publicly blaming individuals because you risk creating an atmosphere where people are afraid to make mistakes.

This in turn stops them being proactive and creative which is necessary to avoid future problems and drive new innovations.

Lead the company
There must always be a clear boss who sets an example for others and becomes a role model.

It is also crucial to make sure there is no dysfunction in communication between alpha type employees and the actual boss.

Try to get seven to eight hours of regular sleep, with at least one hour before midnight, and wake up at the same time each day. It’s hard to do regularly in real estate, but every time you do it helps.

Mind your diet
Nutrition plays a key role in mental performance. To give your brain the most benefit, eat generously from a variety of whole plant foods, and select fruits and vegetables in a variety of colors, making sure some of these are raw.

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