Here’s the takeaway: Design your company structure with clear roles in mind. In my last post, we outlined how visualization is the key to creating an efficient structure. First, your leadership team should imagine that they’re high-paid consultants for another company in any distant but similar city (for Omaha, I often use Austin, Texas). This company that they are consulting for looks very similar to your company back home and
Here’s the takeaway: Hire yourself as a consultant, and begin with structure. For many organizations, it is not uncommon for customized seats to have been created over time for specific individuals in those seats. Sometimes, this happens because it is the path of least resistance. Other times, individuals have crafted unique positions for themselves by shifting their responsibilities into a custom role that might blur the lines between marketing/sales/leadership/management…the list
Take a Look at Traction was originally published in The Firm Review: Talent Edition All businesses get “stuck” or hit the ceiling at one point or another. This process is inevitable and is actually part of the life cycle of every business. As human beings we innately know how to survive our growing pains, but it is often another story for business owners. According to a 2013 Forbes article, eight
Helping others embrace that done differently does not necessarily mean done wrong is one of the most fun parts of my job. The reason many folks have a hard time delegating is that they inevitably know how to get it done better or, they believe no one knows how to do it right. This, of course, is right, wrong, and a control freaks crutch. Often, the person delegating the task DOES
One of the most consistent things I see with younger and growing business owners is that even when they identify what to give up, they often have a hard time letting things go. Just as a business owner may have a hard time letting go of a task because they know they can do it, so do many homeowners. When it comes to mowing the yard or cleaning the house,
If you’re like most business owners who have started their business from scratch, or if you have seen a big growth spurt and you’re acknowledging that you can’t do it all, it’s time to learn to delegate. While in startup mode, you likely did everything. (And I mean everything!) You had your hands in the books, sales, marketing, strategic thinking, inventory, scrubbing the bathrooms, answering the phones, and on, and
I have owned 14 different companies, often several at the same time. I’ve seen 4 successful exits and been clobbered twice. I love what I do and I wake up naturally at 6:00 am. I have tremendous discipline and believed, for many years, that I was the exception. I knew in my soul that I was good at multitasking. I WAS WRONG. Yep, I admit it. Flat out wrong. Multitasking
Lately, I have come across folks that are facing the challenge of having enough time. When you think about it, it’s our most valuable commodity. It is same for everyone and it’s completely up to us in how we invest it. Take for example billionaire Warren Buffett: he has the exact amount of time as everyone else. He doesn’t have a time machine; Warren only gets 24 hours in a day. We
When it comes down to it, the only wrong decision you can make is none at all. A great leader needs to have the confidence to make a decision, move forward, and own the consequences, good or bad. When you are faced with a decision and can’t confidently say “hell yes” or “hell no,” that leaves you in one place: hell.
In most cases, we as entrepreneurs are our own biggest obstacle to growth. As a business owner, your ability to break through these ceilings is fundamentally reliant upon your ability to master these 5 tools. Let’s take a look at how delegation can elevate your business beyond those challenging 5-year ceilings, one step at a time. True growth often comes down to effective delegation and elevation.