In their pursuit to run their business in the exact way that they want it to be, a lot of business owners fall prey to the mistake of being the all-around guy on their business – i.e. being the manager and supervisor of every single aspect of their company.
Every so often, small business owners unknowingly find themselves micromanaging their sales, human resources, marketing, and more – thus leaving them mentally and physically exhausted. But beyond this negative consequence, keeping your hands all over your business defeats the very purpose of establishing one: to make it work for you.
So, how can you avoid committing this mistake?
Answer: Be the least important person in your business.
While this might sound counter-intuitive, being the least important person ensures that your business will remain successful after your leave your office for good. It also makes your business more “saleable” – because if your business cannot function without your knowledge or skill, no one will surely buy it because it means firing the one who has the most important knowledge about the business: you. It also hinders you from pursuing other goals as you are, unfortunately, tightly bound to the business that has the potential to run even when you are not there at the moment.
To understand this better, here are the key takeaways from Business Coaches Sydney’s infographic on the rationale behind the concept of being the least important person in your business today:
- It guarantees your legacy in the industry. It’s the dram of many entrepreneurs to leave a mark on their industry, and to achieve that, you need to learn how you can make your business successful without your direct control. Remember that your business should not survive solely on your presence in the company.
- It allows you to see the bigger picture. Perhaps you’ve been playing the caught-up game for several years now and you think that the overwhelming myriad of tasks can only handled by you. However, if this is the case, you’re most likely missing a lot of more important things in your business, or don’t have enough to evaluate the current position of your business, and where it is heading to. Being the least important person negates that.
To learn more about these points, what they mean for you as the owner of your business as well as the rest of your team, and what you can do to improve on your business and make it less dependable on you, check out this