Who Is Working On Your Business If You Are Working In It?
There is a gateway through which every business owner must pass in order to grow a business beyond a certain point. It takes he or she from “doing” to “leading.” But one of the issues facing many business owners is an inability to move forward because they’re too busy trying to control everything. If you want to run a successful business, you have to know your strengths. You may think you can do things better than your employees, but the time you spend doing everyone else’s work can be spent on improving your business instead.
As a business owner, you are in charge of the big picture. If your goal is to move on from the startup stage and become a second-stage company you will have to add one or two managers. This doesn’t mean you have a full-scale management team, but it does mean that you’ve established your identity.
The shift from doing to leading requires you to step back from day-to-day operations and delegate more significant responsibilities to employees. In most cases, this is easier said than done. Learning to delegate is an ongoing, but essential, process for effective business owners.
Good communication is a critical element of delegation. In many small businesses, employees wear many hats, thus making prioritization difficult. This makes it essential that you, as the leader of the business, communicate with them:
• Clearly define tasks, responsibilities and priorities.
• Define and describe what a job well done looks like.
• Outline budgets, time frames, and resources when necessary.
• Always provide feedback on their performance.
Building a strong team is job one in order to shift your business from startup to the second-stage. Building trust may take awhile, but true leaders understand that they don’t have all the answers and surround themselves with talented people. After all, these aren’t just employees, these are individuals who will come together and make your dreams a reality.
Working on your business should mean that you have the tools to measure and manage growth and sustainability. More importantly, your managers must have had the training to manage those who report to them.
Once you recognize that the purpose of your life is not to serve your business, rather the purpose of your business is to serve your life, that’s when you can work on your business instead of in it. Until then, you’ll find yourself in a constant battle for time; one you simple cannot win.
If you’d like to discuss strategies to help you more effectively work on your business, contact me for a free, no-obligation consultation. Connect with me