Wednesday, October 9, 2013

If you want your business to grow you have to learn to let go! Why micromanaging will hurt your business and how to make sure it doesn't.

When you take the plunge and decide to start your own business, it's natural to want to be involved in everything. After all, you're the one taking the risks and have everything to lose. But there comes a time when trying to micromanage every aspect of your business will start you on a path to failure, rather than success. Bottom line: If you want your business to grow, you have to learn to let go.

Miami Salesforce, Miami Salesforce consultant, Miami Salesforce consultants, Miami Salesforce consulting, South Florida Salesforce, South Florida Salesforce consultants, South Florida Salesforce consultingEvery wonder how a select few people can start not just one successful company but multiple high-growth businesses. It's because while these "serial entrepreneurs" might have an innate ability to create, they also know the secrets to building a successful company don't lie only within themselves. SkyPlanner, South Florida's premier Salesforce consulting company, recently came upon an article by Kerrie MacPherson of Ernst & Young in one of our favorite sources for business knowledge, the Harvard Business Review. 

In the article MacPherson lists three tell-tale signs that a new entrepreneur might be too invested in running his or her business, and not in growing said business. 

  • Spending too much time concerned with the problems within the office (accounting, supplies) instead of outside the office, which is where growth happens. 
  • Having no one ever question your decisions because there's no one around that will question your decisions. 
  • Not having enough challenges and becoming stagnant. 

MacPherson then goes on to outline how a delegating daily responsibilities can help a new entrepreneur evolve into a high-growth powerhouse. 

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  • Figure out what you want to handle yourself. Whether it's selling or R&D, establish what you want to concentrate on and hand other responsibilities to people who know what to do. 
  • Keep your focus on growing the business. After figuring out your main focus your secondary focus should be on growth. 
  • Make sure your new team members have a clear understanding of what you want from them. The worst thing that can happen is to hire people only to have them have no idea what they're supposed to be doing. 
  • Hire people who will grow in with the company. Instead of hiring someone who can only do a task that's necessary at the moment, hire someone who can learn to accomplish that goal but also grow with the company. As their responsibilities evolve along with the business, the easier it is for everyone to be successful faster. 
  • Keep everyone grounded. Don't over-inflate egos. Keep the tasks assigned to people relevant to their experience coming into the fold. 
  • Keep a circle of people you trust to keep you improving. Don't think you have to be the only person bringing anything new to the business at all times. A group of trusted advisers will keep you on your toes. That being said, be wary of involving friends and family in what you're trying to build. Just because you trust them outside the office doesn't mean you can trust them to be good at what you assign them to do. 
If you're just starting out and follow the tips SkyPlanner has provided above, you should be that much closer to being successful. We at SkyPlanner, South Florida's premier Salesforce consulting company, are quickly growing thanks to not only our continued dedication to our clients and potential clients, but because of the team of trusted Certified Salesforce Developers that we can rely on for new ideas and hardwork.