A successful startup is always backed up by a healthy, high-performing team. This is why we want to provide the growth companies in our incubator with a Performance Program, which focuses on the entrepreneur’s well-being and performance as well as developing the team and its growth culture.
The Performance Program coaching is built around three themes: developing performance, the team and growth culture.
Performance is based on many factors, such as recovery, sleep, nutrition, physical health and stress management. In addition to promoting performance, we reinforce the growth companies’ growth culture. Growth culture is built on a healthy and safe working environment, strong employer image and a true feeling of community.
The People section of the Performance Program focuses on themes such as smooth teamworking, strong leadership work, developing individual skills, recognising your own strengths and appreciating the diversity of team members.
Studies show that work ability is the most vital aspect and tool of a manager. The content of Performance Program gives concrete tools for the successful management of growth companies, with regard to individual performance, team operations and company culture alike.
A detailed coaching programme as well as several shared coaching events and potential camps have been compiled for the Performance Program. A customised coaching path will be built for each company. The incubator agreement includes a commitment to the Performance Program.
The ROI of a well-being investment is sixfold.
High-quality work ability management increases:
TProfitable and successful companies invest twice as much in occupational well-being services and staff training as companies in a weaker financial position.
Developing the employees’ self-management skills gets better results in increasing productivity than making production more efficient or introducing new technology, for example.
Studies show that work ability is the most vital aspect and tool of a manager. Good diet, sufficient sleep, and adequate physical, psychological and social activity have a positive effect on maintaining occupational abilities.
Growth entrepreneurs give themselves a more positive assessment than other entrepreneurs in many aspects, but this great work engagement comes with the risk of a burnout.
The risks of an unplanned and uncontrolled work burden: prolonged stress wears you out and ages your brain.
The challenge of many companies is that the well-being and health of the entrepreneur cannot handle the entrepreneur’s workload. More and more people are working at the cost of their own well-being. The structures of many young startup companies are still being built and working in an environment strongly focused on growth requires the ability to manage all aspects of business as well as the skill to manage yourself and others. Our duty is to train growth entrepreneurs to be able to manage the demands and pressures brought on by growth.
The Performance Program was tested as a half-year-long pilot with the Startup Factory’s first incubator customers, starting from October 2019. A total of 86% of the Performance Program’s pilot participants felt that they experienced many positive effects in at least one subject of the training. Most positive effects took place in the sectors of sleep and self-knowledge, such as recognising one’s own strengths and weaknesses as well as identifying and developing the limits of one’s performance. In total, 86% of the respondents felt that these sectors had improved a great deal or somewhat as a result of the training, and a further 70% said that a suitable diet and exercise had helped them find more energy in their day-to-day life. For many, the coaching also had many beneficial effects on their stress control, for example on recognising how much they are able to work without compromising their performance.
0 % of the Performance Program participants felt that the coaching had many positive effects on their business at least in one coached subject.
0 % of the Performance Program participants believed that coaching related to well-being and performance is an important or potentially important part of incubator training.
0 /10 would recommend the Startup Program’s Performance Program.
“A really great programme! I’m pleased that well-being has been given such a vital role in succeeding in your work and business. It is often only talked about, but this time, the Startup Factory concretely showed that this is important and people want to invest in it. Fantastic”
“A really nicely planned unit that reviewed the different sectors of well-being in a comprehensive way. I hope you will continue to invest in this! There’s certainly a demand for it, and the benefits are indisputable!”
“Thanks for a great pilot. The best parts for me were the flexibility of the programme and the possibility to pick and choose the units that would best support my development.”
0 % GOT MORE ENERGY FROM EXERCISE In total, 73% of people taking part in the pilot felt that exercise had brought more energy in their day-to-day lives. Studies show that physically active people can manage stress better than less physically active people. Regular exercise also has beneficial effects on mental well-being. Studies have proven that poor sleep quality and day-time tiredness are connected to a low level of physical activity.
0 % FELT THAT THEIR QUALITY OF SLEEP HAD IMPROVED A total of 86% of pilot participants felt that the coaching especially helped improve their quality of sleep. It has been proven through research that a poorly slept night increases fatigue, weakens concentration and attentiveness, narrows one’s focus, weakens the memory and slows down reaction times. All these factors make people vulnerable to mistakes. It has been observed that when a person recovers better, they make better and more carefully considered decisions, which are crucial to the success of a growth company.
0 % WERE ABLE TO REGULATE THEIR STRESS BETTER In total, 63% of pilot participants felt that they were able to regulate and manage their stress better after the coaching. Regulating one’s stress is a core skill in demanding leadership roles. Stress regulation refers to factors such as smarter working, clearer work roles in the company and better planned work. All these factors may even be the number one factors to the success of the entire growth company.