How often have you wondered, do I have the right team in place to ensure my goals can be achieved? Carefully assessing the talent on your team is the first step in understanding the value of empowering your company to grow as a separate entity… apart and distinguished from you – the founder. That’s a difficult step for many entrepreneurs to make but is critical if you want to grow your organization. It’s quite similar to letting go with your children…. recognizing that it’s time for them to realize their own goals and dreams separate from yours.
Congratulations if you’ve taken that step and brought on a team to support the growth of your firm. Now, how do you determine if you have the right people on ‘your bus” with the right talents, skills and expertise to support your vision? More importantly, are you allowing them to make decisions and take the relevant level of responsibility so the business becomes less about you – the owner/founder and more about the organization on its own? Is your team heading in the same direction… ideally the direction you want to be going in (you don’t want to find yourselves all going down with the ship…)?
The challenge a growing firm’s managers face as the company achieves success is that the skills that are essential to initial product or company development can be stifling when applied to the management of business teams, or sales and marketing initiatives. There’s a continued struggle to micromanage every detail and be involved with every daily function, but this ends up getting in the way, and frustrating the employees to whom they need to turn over the reins.
Weekly Lesson Nine (Answer these questions honestly…)
Answer the following questions honestly. If you aren’t pleased with your response, think about what changes you need to make to improve the situation, for your benefit as well as the benefit of your company.
- Do you have a team in place that you trust and are able to delegate decisions to?
- If you trust your team, then what processes do you have in place to empower them to make decisions
- If you don’t trust your team, what steps will you take either to train/educate or promote them, or to bring on individuals who are more managerially focused and will help facilitate growth?
- Is bringing on experienced managerial talent (maybe even a CEO) an important option to consider?