The Dangerous Consequences of Micromanaging Your Business According To Your Strategic Thinking Business Coach
The Dangerous Consequences of Micromanaging Your Business According To Your Strategic Thinking Business Coach
By: J. Glenn Ebersole, Jr., Chief Executive of J. G. Ebersole Associates and The Renaissance Group ™
One of the most dangerous and damaging practices of business owners is MICROMANAGING their business. And this practice is entirely too prevalent in today’s business world and it wastes valuable resources of time, talent and financial assets. It is particularly prevalent in entrepreneurial businesses. And the reason behind that may be rooted in the fact that entrepreneurs are motivated to start their businesses so they could be their own boss, make more money and gain more freedom.
So, with that being said, I need to ask those of you out there that are entrepreneurial business owners a couple of questions. My first question is: If you had to leave your business for an extended period of time, let us say a couple of months, would you come back to a business that is still running smoothly and profitably? My second question is: What would your answer be if we changed the time frame of your absence to two weeks? Let me say that if your answer was anything other than yes, then you probably don’t really own a business, you own a job.
Well guess what? The good news is that you are not alone. It is well known that small business owners are among the hardest working people in the world. However, it cannot be said that they are among the smartest working people in the world. To be successful in today’s business world, it is imperative you adopt and develop a strategic thinking mind-set. As a strategic thinking business coach, I emphasize repeatedly to my clients that a major goal for them is to develop a self-managing and systems-oriented business that still runs predictably and profitably while they are not there. And this enables them to “work on the business” instead of having them only “work in the business.”
The first commitment a business owner must make is to stop acting like an employee and start thinking and acting like a CEO. A transition is necessary for the business owner to think and behave more strategically and less tactically in their role as owner. The business owner must stop micromanaging and delegate. The business owner must start reducing the amount of time they spend involved in the daily transactions of their business.
Michael Gerber implores business owners to implement systems and procedures into their business that ensure daily tasks are completed correctly. In any well run business, all current systems and procedures need to be evaluated based upon results and updated as needed. In addition, documentation for all procedures, policies and systems need to be created to have a reference for employees and new trainees. Another good proactive and strategic business practice is to cross-train your employees before the need arises, not after the panic has set in.
Please read this very carefully - Trust your employees. One of the common major issues I hear from employees in my business coaching practice is that they are not trusted by the owner(s) of the business. What a sad commentary that is on business today. If you cannot trust your employees to complete the daily tasks and act in the best interest of the company, then maybe they shouldn't be employees. In the long run, the more hands-off you can be, the more time you will have to work on the strategic issues and the larger vision for the business, which is what a business owner needs to do.
Boiling all this down to a single thought: you should run your business; it should not run you, your family or your life. You need to have a systems-dependent business, not an owner-dependent business. Many of these concepts are very challenging for owners. And some owners will never “get it” and will continue in a vicious cycle of turnover in their business and failure to achieve full potential in their business. Other owners will recognize the error of their ways and transition into a new way of thinking and managing. The owners that understand this will survive and thrive, while those who refuse to let go of the “micromanaging mentality” will experience turnover of employees, less than optimal performance of employees, continual dysfunctional behavior and decision-making in their business and therefore be destined to be under –achievers and failures in the long run.
If you would like to learn more about using a strategic thinking approach to run your business, stopping and avoiding any micromanaging within your business, and how a strategic thinking business coach can serve as your guide and facilitator to accomplish what you want to achieve, please contact Glenn Ebersole today through his website at www.businesscoach4u.com or by email at jgecoach@aol.com
The Dangerous Consequences of Micromanaging Your Business According To Your Strategic Thinking Business Coach - To learn more about this author, visit Glenn Ebersole's Website.
Like this article? Share it with your friends
“The Dangerous Consequences of Micromanaging Your Business, According To Your Strategic Thinking Business Coach”
By: J. Glenn Ebersole, Jr., Chief Executive of J. G. Ebersole Associates and The Renaissance Group ™
One of the most dangerous and damaging practices of business owners is MICROMANAGING their business. And this practice is entirely too prevalent in today’s business world and it wastes valuable resources of time, talent and financial assets. It is particularly prevalent in entrepreneurial businesses. And the reason behind that may be rooted in the fact that entrepreneurs are motivated to start their businesses so they could be their own boss, make more money and gain more freedom.
So, with that being said, I need to ask those of you out there that are entrepreneurial business owners a couple of questions. My first question is: If you had to leave your business for an extended period of time, let us say a couple of months, would you come back to a business that is still running smoothly and profitably? My second question is: What would your answer be if we changed the time frame of your absence to two weeks? Let me say that if your answer was anything other than yes, then you probably don’t really own a business, you own a job.
Well guess what? The good news is that you are not alone. It is well known that small business owners are among the hardest working people in the world. However, it cannot be said that they are among the smartest working people in the world. To be successful in today’s business world, it is imperative you adopt and develop a strategic thinking mind-set. As a strategic thinking business coach, I emphasize repeatedly to my clients that a major goal for them is to develop a self-managing and systems-oriented business that still runs predictably and profitably while they are not there. And this enables them to “work on the business” instead of having them only “work in the business.”
The first commitment a business owner must make is to stop acting like an employee and start thinking and acting like a CEO. A transition is necessary for the business owner to think and behave more strategically and less tactically in their role as owner. The business owner must stop micromanaging and delegate. The business owner must start reducing the amount of time they spend involved in the daily transactions of their business.
Michael Gerber implores business owners to implement systems and procedures into their business that ensure daily tasks are completed correctly. In any well run business, all current systems and procedures need to be evaluated based upon results and updated as needed. In addition, documentation for all procedures, policies and systems need to be created to have a reference for employees and new trainees. Another good proactive and strategic business practice is to cross-train your employees before the need arises, not after the panic has set in.
Please read this very carefully - Trust your employees. One of the common major issues I hear from employees in my business coaching practice is that they are not trusted by the owner(s) of the business. What a sad commentary that is on business today. If you cannot trust your employees to complete the daily tasks and act in the best interest of the company, then maybe they shouldn't be employees. In the long run, the more hands-off you can be, the more time you will have to work on the strategic issues and the larger vision for the business, which is what a business owner needs to do.
Boiling all this down to a single thought: you should run your business; it should not run you, your family or your life. You need to have a systems-dependent business, not an owner-dependent business. Many of these concepts are very challenging for owners. And some owners will never “get it” and will continue in a vicious cycle of turnover in their business and failure to achieve full potential in their business. Other owners will recognize the error of their ways and transition into a new way of thinking and managing. The owners that understand this will survive and thrive, while those who refuse to let go of the “micromanaging mentality” will experience turnover of employees, less than optimal performance of employees, continual dysfunctional behavior and decision-making in their business and therefore be destined to be under –achievers and failures in the long run.
If you would like to learn more about using a strategic thinking approach to run your business, stopping and avoiding any micromanaging within your business, and how a strategic thinking business coach can serve as your guide and facilitator to accomplish what you want to achieve, please contact Glenn Ebersole today through his website at www.businesscoach4u.com or by email at jgecoach@aol.com
The Dangerous Consequences of Micromanaging Your Business According To Your Strategic Thinking Business Coach - To learn more about this author, visit Glenn Ebersole's Website.
Like this article? Share it with your friends
 | |
 |
No article feedback found. |
| |
Leave Your Feedback |
 | |
| |||
David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
|||
Joe DagerJoe Dager is President of Business901, a progressive coaching company providing no-nonsense direction in areas such as Lean Six Sigma Marketing and organized referral marketing. What others say: In the past 20 years, Joe and I have collaborated on many difficult issues. Joe’s ability to combine his expertise with “out of the box” thinking is unsurpassed. He has always delivered quickly, cost effectively and with ingenuity. A brilliant mind that is always a pleasure to work with.” - James R. If you want to learn more about Business901, start a conversation with us. We can be found @ Web/Blog: Business901.com Web/Blog: FundingYourNonprofit.com LinkedIn Profile Follow me on Twitter - Visit Joe Dager's Website |
|||
Cheryl MatthynssensCheryl is a life skills coach, licensed Chemical Dependency Counselor and a 20 year entrepreneur. Cheryl's dedication to achieving a life of balance led to her expanding her teaching from the simple managing of life's daily challenges to adding financial well being as well. A direct marketer with DrinkACT, she is gaining ground in the online community with her concepts of making sure business owners, entreprenuers and employees have well rounded life styles. She opened up a small affiliate site - The Balance Guide- to help others find resources for mental and emotional well being. Visit Cheryl's blog to see more of the diversity beyond business she has began offering online at www.thebalanceguide.blogspot.com - Visit Cheryl Matthynssens's Website |
|||
David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
|||
Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
|||
Dianne CramptonDianne Crampton is an executive leadership coach, team culture consultant, author and president of TIGERS Success Series, Inc. Dianne has been helping CEO's and Executives connect their employees to their core values and goals for over 20 years using the trademarked TIGERS team culture process, which stands for trust, interdependence, genuineness, empathy, risk and success. To download a free white paper on behaviors that build strong teams and behaviors that will predictably tear them down go here. Dianne's contribution to the 2010 Pfeiffer Consulting Journal (an imprint of John Wiley and Sons Publishers) entitled TIGERS Hearted Teams is available in November 2009. Her new book TIGERS Among Us: 5 Winning Business Team Cultures And Why, Three Creeks Publishing will release in March 2010. To receive publishing discounts, subscribe to the free TigerTracks Newsletter here. - Visit Dianne Crampton's Website |
|||
Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
|||
Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
|||
|
To learn more about the Evan Elite Author Program please contact us. | |||
 | |
|  |
Subscribe to Glenn's articles
 | |
|
|  |
 | |
|
| |
 | ||
 |
||
|
||
 |
||
|
| ||
 |
| Have you written articles that would be of value to entrepreneurs? Become an expert on our site by publishing them! Expose yourself to a wide audience, drive more traffic to your website and get more sales! Click Here for details. |
|
|
 |
| Modeling the Masters: Learn the true secrets behind Walt Disney's business success factors & grow your company! Video produced by Phanta Media |
|
|
 |
"Learn straight from Evan how you can Make a Full Time Income (And More) from a Website"
Click Here To Learn More |
|
|
|
|
Get advice & tips from famous business owners, new articles by entrepreneur experts, my latest website updates, & special sneak peaks at what's to come!
|
|
 |
 Leadership Training Hospitals The Human Network Email Overload Advice Getting Past Your Past Ideal Website Template |
|
 | ||
 |
Top 50 SEO Posts - 2008
Top SEO Posts of the Year | |
 |
Top 50 Blogs For Startups
Top Blogs To Watch In 2008 | |
| ||
 | ||||
| ||||
|
| ||||
| ||||
|
|
|
|
|
||||||||||||
|
Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
|
|
|
| ||||||||||
|
| ||||||||||
|
|
||||||||||