In the early days of running your own business, it’s natural to try to do as much as possible yourself. It’s the most cost-effective, comfortable, sensible way to do things in the beginning.
But as your enterprise grows, you’ll find yourself stretched thinner and thinner. Eventually, you’ll find you just can’t continue to oversee operations and sales and accounting and fulfillment and marketing — and hope to continue to grow your business.
When you reach this point, it’s time to think about bringing other high-level managers on board to help you out. You need to build a senior team that’s able to manage all the critical areas of your business to take it to the next level.
Building your team demands matching jobs to people’s strengths.
That means giving people responsibilities according to skill level, not based on how close a friend they are, or how closely related they are to you, or whether you just like their sunny personality.
That includes you as well – -don’t give yourself an impressive title and job unless you’re right for the job.
The fact is, many smart entrepreneurs hire their own boss when they realize their skills lie elsewhere in the company. Read more …