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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
