The ‘Founder’s Dilemma’ focuses on the way that demands on the owner/director change with the growth of the business.
Most of us are familiar with a model that maps the different stages of growth: Existence, Survival, Success, Take-off, Maturity. This is a posh way of saying crawl, toddle, walk, run.
However, today, I would like you to consider mapping your ability to execute with your ability to delegate and would suggest that it looks something like this.
As the business grows, your ability to execute becomes progressively less important as you have the systems, processes and people to deliver. However, your ability to delegate becomes progressively more important. Ultimately both become less and less relaxant to the success of the organisation.
Thought For The Day
Do you have the right blend of execution and delegation skills for the particular stage of your business?
What blend of execution and delegation skills will the business require over the next year or so?
What Leadership Skills Does Your Business Require From You? – TWEET THIS
Score yourself (scores out of 10 for each): What is your ability to execute and delegate?
What does the business need from you – More or less execution? More or less delegation?
What happens if you get this wrong?
How are you and your team going to address these issues?
Many of my clients feel that they are constantly in transition, adjusting to the new needs and changes in their business and its environment. The faster the change, the greater the feelings of uncertainty.
The model above suggests that it is normal to be morphing to accommodate the change. Understanding where you are and where you are going helps you to prepare for the changes and makes you feel more comfortable.