When a small business grows and the business owner does not create a management team, he or she will find themselves overloaded and stressed which as we all know can lead bosses down a very sticky road.
This stress factor may be because all the staff employed will be reporting directly to the MD and so without help they feel they are drowning in work (if this is you then try reading my “Drowning in Paper” advise sheet).
More often than not the reason for this is the fear of delegation or the unwillingness to pay managers, however no matter how good we are at managing the business as it grows we cannot do it all, a successful business needs structure and if you read chapter 1, section 2 of my book “Getting Down to Business”, it explains the need for a proper company structure.
By looking after each of the business divisions; support, sales and marketing and operations (delivery), it allows the MD owner to focus on building the business, while the managers get on with delivering the divisional outcomes.
Remember never be afraid to set up a team to help you. This is to free up your time so you can complete your own work and know that your company and employees are being managed effectively (with your supervision of course!)
Top 3 Tips:
- The minute you feel yourself struggling, understand it’s time to build your management team.
- Never be afraid to delegate; it will help you in the long run!
- Meet up with your team often to ensure work is being completed in a timely and professional manner.