You are the owner of your business. So what role will you take on? Are you prepared to be CEO of the business? Are you a better manager? Or are you not a good manager and is hiring a good manager a better way for the business to go forward?
Are you doing the things in the business that only you are capable of doing?
As the strategic driver in the business, you need to know where your strengths lie and where they don’t. If you can promote your business and drive it to heights, by setting up and brokering high level deals, and setting up joint ventures, and being the Rainmaker, then you do your business no favour by hanging around and looking over the shoulders of your employees, or sweeping the floor because “nobody else can do it like you do” instead.
Ensure that everyone knows clearly what their job is (written down) and that includes you.
Define your role, and be accountable for what you need to do.
Make sure that whoever reports to you as the owner, does exactly that, as and when they are supposed to report to you.
Make sure they report to you on all the areas of which you need to be aware.
Remember this is your business, and your asset. Treat it as such, with all the diligence and the respect that it deserves.
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