Masterclass: How to best nurture your firm's talent

MOTIVATION

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Lee Travis, chief executive of the New Model Business Academy, offers his top tips on how to motivate and retain the existing talent in your business.

It’s true: you don’t know what you have got until it’s gone. With lots of talk about growing businesses, one thing any business owner should never take their eyes off is retaining existing talent, particularly if the team is working extremely effectively as a unit. All it takes is for one key member of the team to resign and you could be left with a void that is very hard to fill – never mind potentially costly – without any guarantees that a replacement will be as effective. See a trend of leavers and you have major problems, so it can never be taken for granted. I am not just talkin...

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