Celebrating milestones, whether large or small, is critical to keeping people motivated. Good leaders not only recognize individuals for their efforts, but also the successful completion of goals on the group, unit, and organizational level.

Broadcast every milestone reached or project completed to upper management, colleagues, and even outside stakeholders. Recognize everyone responsible for achieving the milestone, and strive to provide each person the type of "reward" that best motivates him or her.

Taking the time to celebrate is essential because it acknowledges people's hard work, boosts morale, and helps keep up the momentum necessary to achieve your vision.