Building a thriving business doesn’t have to depend on the owner working longer and longer hours themself.
A successful organisation needs a leader who can look at the big picture and put an effective action plan in place to get there. As part of this, it pays to maintain a growth-focused structure and a culture of delegation, rather than having the all-too-common business owner’s mindset that you can do it all yourself.
If you know what you want to achieve but don’t know how to create a plan or where to get the support and information you need, this blog is for you.
This is the third blog in our six-part series about how to step back and work more ‘on’ rather than ‘in’ your business while still generating more profit.
In it, we explain how a shift in mental approach can have a significant impact by empowering your employees and freeing up your time for strategic decisions that will grow your business.
When you’re caught up in your day-to-day job, your business suffers. While you’re focused on over-analysing small, daily operational details, there’s no time left to step back and look at the bigger picture. What’s your vision for the company? What goals do you want to achieve, and how will you get there?
Our new infographic On vs In: how to grow your business without working harder yourself addresses these issues.
Specifically, the third section of the infographic explains how to start changing the way you engage with employees and the benefits of doing so.
Titled “ry to do it all yourself vs A growth-focused structure”, the section highlights the importance of looking outward not inward. This perspective is particularly important for people-engagement and decision-making. By changing your approach in this way you’ll build external relationships, act proactively rather than reactively and help your business become more profitable.
Key ways to start this change in focus include:
- Start delegating, communicating and giving the time-consuming jobs away so you can look at the larger strategic issues
- Clarify roles so that expectations are set
- Create an organisational chart. This defines the chain of command and avoids potential conflict over who does what
Developing a strategic mindset involves implementing systems and procedures into your business which ensure daily tasks are accomplished without you having to be physically present.
Adopting this structure allows you to guide employees and streamline the workflow of the company. You’ll gain insights, improve your culture and build better teams which are capable of accomplishing more.
A progressive organisation is one with the right structure.
As the owner, you need to ensure your business functions effectively without you being involved in every detail.
Moving towards a growth-focused structure allows you to do so. Trust your employees to get the job done while you concentrate on relationships that will help your business operate predictably and profitably.