At some point, the realization smacks every entrepreneur in the face. For your business to continue to grow and thrive, it has to evolve beyond you.
The more your business depends on you the greater its exposure. Is the vision and roadmap locked in your head? Are you the sole keeper of key customer information? Do critical supplier relationships depend on you? Are you the brand? So if a bolt of lightning strikes you, what happens to the company?
Need more convincing? You’re not scalable. You can’t do it all. At some point your business will outgrow your capacity to do it all. And that’s good.
That’s why you need to extend your company’s leadership beyond you to a true leadership team. People with the right skills, traits and motives to oversee and transform the various aspects of the business. Yes, you’ll need to relinquish some control. Yes, they might not do things exactly as you would. And, yes, for some things they simply might not be as good as you. But you still can’t do it all. So find the best people you can, support them, develop them, and then let them help you win.
Your thoughts?
Michael
