We are entering a time where entrepreneurs are going to become a more and more integral part of the business world.
Well, mostly, they fall in love with an idea, have a passion for something, and decide to have a go at building a business around their passion, or idea.
Most know that the 5 year success rate for a new business is poor. But those with great passion find a way through the choppy waters. Their passion carries them through when others give up.
Entrepreneurs often are thinking of their business 24/7. That can be good. It also can be bad. Because they often a point where they are tired, need a rest, and don’t know how they can get one.
Why does this happen so often?
It happens if they suffer from The Lone Ranger Syndrome. That is when they believe nobody can do what they are doing, as well as they do. True they have launched the company from the pad, into a going concern. Yes, but now that business is booming it’s becoming harder and harder to stay on top of everything.
Burnout danger is lurking and is very real.
Also the strengths required to start a business may be different than growing to the next level.
Two ideas can really help.
One is TRUST. Trust in the folks you have brought on to “help” you. And two is DELEGATE. Delegate meaningful responsibilities to them. Then have them be accountable to you and the others.
In my personal experience, I was good with the trusting and delegating pieces, but less so with the accountability piece. And I paid a price for that.
Sounds simple, and it is. But it’s not easy. There is a large gap between knowing and doing.
If you’d like assistance and support inclosing that gap… Click Here
Here’s to your success!