The three personalities of the business owner
As a business owner, you approach both your business and your work through the lens of one of three distinct personalities: the Technician, the Manager and the Entrepreneur. If you move through your days firmly rooted in the present, focused on the work of making, selling and delivering your product or service, youâre operating like a Technician. If youâre focused on achieving results through people and systems, youâre operating like a Manager. And if your focus is on the future, on defining and designing your business and closing the gap between where the business is today and where you want it to be, youâre operating like an Entrepreneur.Â
You might sometimes find yourself wearing multiple hatsâand thatâs okay. Every business owner needs to play Technician or Manager now and then. But if you want to grow your business and stop taking ownership of so many responsibilities, you need to adopt an entrepreneurial mindset. This means thinking of your businessânot what the business producesâas your product. It means separating yourself from the tactical work of making, selling and delivering, focusing instead on the strategic work that will get your business where you want it to go.Â
Know where you’re going
What would you like your company to look like three years from now? What would your role look like? And how would the business serve you? Before you can start the strategic work, you need to define the goal youâre trying to reach. Create a concrete visionâand write it down in present tense. This isnât just what you hope for. Itâs what you believe will happen. The vision youâve created is your ânew companyââand itâs what all your strategic work will move you toward.Â
The strategic work will never feel as urgent as the tactical, but it should be your priority. Because if you keep doing what youâve always done, youâll keep getting what youâve already got. So block off 30 to 60 minutes every day for strategyâand stick to it.
Systematize your way we do it here
As an entrepreneur, you should focus on the futureâbut the tactical work still has to be done. This is how systematization makes such a big impact. You know what it takes to get excellent results. If you want to be able to hand off that work with the confidence that others will do it the way you do, you need to figure out your âway we do it hereââand then use systems to document it.
Whether or not your vision for the future includes expansion, approach systematization like a franchiser might. Create systems that will get you a consistent, predictable result, no matter whoâs doing the workâsystems that, no matter how many times theyâre duplicated, will reflect your way we do it here.Â
You already have systems in placeâyou couldnât be in business without them. But many have probably developed without any intention or design. So identify and evaluate them. Whatâs working? Whatâs not? Which systems are you missing? The right systems will support your wayâand remove the businessâs dependency on you.
Replace yourself in your organization chart
You canât become the leader your business demands when youâre wearing too many hats. So take a close look at your organization chart. (If you donât have one, start there.) As the business owner, youâre at the topâbut how many other roles are you plugged into? As you systematize the tactical work and figure out which responsibility fits in which org chart box, you can start taking yourself out of those boxes and plugging others into them. You need to move out and upâyou need to stop working in the business and start working on itâand this may mean adding positions that will give you the space you need to lead.
With an organizational structure for your company, you have the foundation of your role as a leader. What do you need to start working on within yourself to achieve that? What kind of leader does your ideal company need you to be, and how does that compare to the type of leader you are today?Â
Develop a high-performing team
Once you have an organization chart based on the roles you need to get the results you want, you need to clearly communicate exactly what every employee who fills a position on that chart is responsible for achieving. You can do this by creating Position Agreements, which focus on the outcomes each position is responsible for and how to achieve them.Â
Position Agreements are not to-do lists. Instead, theyâre designed around results statements. This is an important differentiationâwhen your employees have a clear idea of the outcomes theyâre trying to achieve, theyâll be motivated to collaborate with their managers instead of checking off boxes on a task list. And as your company grows and changes, your people will feel empowered to make whatever adjustments are necessary to continue working toward the expected results.Â
You can have the business you want and not own the responsibility of every result it takes to get there. If you’d like support, reach out to us. We’d love to connect.