Do you remember why you started your business?
Maybe you had a vision for the meaningful impact or lifestyle you wanted to create?
We often find business owners working in a high-pressured job and stuck in the ‘day-to-day’.
You find yourself doing everything when you should be leading everything.
As your business experiences a growth curve, every area of your business will require more.
More marketing
More sales and customers
More product or service development and delivery
More operational requirements
More financial management, and
More people.
Each function of your business will demand more time and energy, but that does not mean it should be your time and energy.
A key mistake we see business owners make is this:
I will do more
I will work harder
I will sleep less
The paradigm shift is to go from ‘technician’, or the person with their hands on the tools, to ‘entrepreneur’ - the person leading your team towards the vision.
The goal is simple: How can you build a business that works without you, or not so much of you?
However, without the right advice or coaching most business owners struggle to achieve this.
The main things we see, are:
You don't have a business, but a job
The small business cannot grow - your time is on lower value work, not high value ON the business, and
Your employee’s get frustrated and not empowered - you are a blockage.
Must have the right mindset with clarity around your vision
Core values need to exist, and be lived
Systems and processes in place (eg. operational manual, sales playbook etc)
Software, for efficiency and automation where possible
Trust within the team
The right people in the right roles, and accountable - you must invest in your people
1. Change your mindset
2. Build the habit of delegating, coaching, training and supporting you team as you hand things off
3. Put any other structures in place to curb the micro-managing temptation, like working out of the office more
4. Read “The E-myth: Why Most Small Businesses Don't Work and What to Do About It”
5. Listen to the Manager Tools casts (the #1 downloaded business podcast) - started with those on delegation
6. Consider hiring an EA or VA to manage the low value things on your plate
7. Continually ask - what can I delegate?
From our experience firstly of being direct reports to terrible managers, then being shit managers in our own business - to now being effective managers, we put together the ‘People Program’ online course. Check it out.
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