As a business coach for more than 25 years, I get the unique opportunity of talking to thousands of business owners every year. I get to hear what is working for them and what isn’t, and over time you start noticing patterns that can help predict whether someone’s business is on the right track for success or trouble. And one of the biggest indicators of success that I have found is a really solid executive team. If you have the right people in the right positions, the sky’s the limit. So today I want to share some tips and tricks on how to get the right executive team assembled to prepare your business for growth.
It All Comes Down to Trust
There isn’t a big secret to finding out if your executive team is solid. As a leader, your team will fall into one of two camps. Either you have a group in place that you trust enough to let them handle things or you don’t. Either you have a team that will take an idea, concept, or problem and work toward a solution that benefits the group, or you have a team that relies so heavily on you that taking a day off becomes a huge bottleneck for your business. Or it could be somewhere in between. So the first step to getting the right people in the right positions is to sit down and be honest with yourself about your team. Do you trust them? If the answer is yes, then the next part is easy. If the answer is no, then you have some work to do.
If you answered yes to the question above, then it’s up to you to help your team reach their true potential by letting go. You have a group of professionals who have the skills and expertise necessary to take your business to the next level, and sometimes the best thing you can do is step aside and let them shine. Some business owners struggle with this part, but if you trust in your team, it’s important to work on letting go. Instead, focus on the higher-level tasks within your business, and allow them to guide your team to the finish line.
A Little Help
If you answered no to the trust question, you have a little more work ahead of you. Take a good look at their talents and abilities and determine whether they have the skills and drive to grow with your business. Do you need to hire additional team members to cover the skill set necessary to grow your business, or could you help your existing team with the right coaching and training? It is likely a mixture of the two. You may also find other members of your team who are not in a leadership role but may possess the skills necessary to round out your team, so don’t overlook existing team members.
Creating a team geared for growth is crucial to building your business. Not only will it help you grow faster, but it will also help your business grow without your constant help and feedback, which will give you more time to focus on the bigger picture.