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Beware! This kind of situation can very easily degenerate into a sort of feudal management system. An unquestioned boss surrounded by yes men. Don’t let this happen.
You are still founder and owner of your business. You are still driving force. But your management style must change. No longer is old autocratic style acceptable. No longer are old instinctive actions efficient. The unquestioned order is no longer accepted in good grace.
You as entrepreneur may not like it, but if your business is to make that next leap forward to that next level of size and influence, you must learn to use your staff correctly.
You must learn to listen to their ideas, suggestions, and (even) criticism. You must accept that you probably do not have monopoly of good ideas. You must learn to sometimes praise and give credit to others. You must learn to oversee and guide rather than try to do it all yourself. You must take a more hands-off approach, and let others take care of details.
In other words, you must leverage talents of others and trust them to do job. You must develop your ability to select right staff and restrain your wish to do everything yourself. You must be a strategist, a leader, and a guide. Select your staff carefully and then give them authority and support to do their jobs. Let them use their initiative. You may be surprised at what talents and abilities they show.
There is a different approach needed to run a large enterprise to that needed in a small unit driven by a strong unchallenged individual. Different skills are needed. New skills can be learnt. It is never too late. But many never successfully make transition. Those who don’t, although successful in most people’s terms, never quite make that final leap. For those who do future of their businesses is almost unlimited.
(c) Copyright 2004
Arthur Cooper is a writer and publisher. For more of his original articles go to: http://www.arthurcooper.com/ For business articles ebooks and courses, go to: http://www.barrel-publishing.com/