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THE LEADERSHIP EVOLUTION OF YOUR BUSINESS

December 14, 2020
 
The leadership evolution of small business is a double-edged sword. It's super important, but it's also hard to develop.
 
Small businesses that are well run can go a long way with a very small leadership team. As your business continues to grow and leadership positions emerge, you will need to begin thinking about who has the skills and attributes to fill those positions.
 
Here's how to best prepare for the leadership evolution of your business:
 
DEFINE YOUR CULTURE.
Culture is the lifeblood of your business, and you have one as soon as your business is launched. Know your company's WHY, and keep that front and center as you grow your leaders.
 
REINFORCE YOUR CORE VALUES.
Your core values are your organization's guiding principles that define your organization and its purpose. Make sure your leaders understand, live and breathe your company's core values.
 
HAVE A STRATEGY.
Your business will need different types of leaders for different areas of the business. Be very strategic about the future needs of your business, and have a plan to grow leaders into anticipated positions.
 
INSPIRE OTHERS TO LEAD.
As an entrepreneur, it's your job to encourage your emerging leaders to lead. Let them try. It will be a trial and error experiment, and they will probably fail at first. The experience will help them grow.
 
INVEST IN OUTSIDE HELP.
As your business grows - particularly once it hits $3 million in gross profit - you will need to commit to bringing outside people in who have the experience your business needs.
 
Your footprint and personality are stamped on the business. As more distance grows on the Accountability Chart between you and your employees, the more you will need strong managers to help.
 
INVEST IN A MANAGEMENT SYSTEM.
A management system has a framework that, when implemented, naturally grows leaders. Systems like EOS offer tools and processes that set your leadership evolution up for success.
 
RECOGNIZE THAT NOT EVERYONE WANTS TO LEAD.
This can be frustrating, especially when you believe a team member has the skills and aptitude to be a successful leader. But if they don't want to be a manager, be respectful of their wishes, and give them opportunities to grow in the areas they are passionate about.
 
Growing your leaders should always be top of mind. How has your business's leadership evolved as it has grown? Share with us on Facebook, Twitter and LinkedIn!


INDEX
  • THE LEADERSHIP EVOLUTION OF YOUR BUSINESS
  • HOW TO GET THE MOST OUT OF YOUR ADVISORY BOARD
  • THE PANDEMIC-INDUCED INNOVATION OF MEETINGS
  • HOW TO USE THE 8 P'S OF MARKETING TO GROW YOUR BUSINESS
  • BEST PRACTICES FOR COLLEGE FINANCING
  • SCALING A BUSINESS - ARE YOU READY?
  • THE HALFWAY POINT: IT'S TIME TO REVISIT THOSE BUSINESS GOALS
  • GROWTH WITH PURPOSE: SUCCESSION PLANNING
  • GROWTH WITH PURPOSE: EVOLUTION OF FAMILY LIFE
  • GROWTH WITH PURPOSE: FINANCIAL RISK
  • GROWTH WITH PURPOSE: INTEGRATION
  • GROWTH WITH PURPOSE: WHY ARE YOU GROWING YOUR COMPANY?
  • GOAL SETTING 2020: HOW TO KEEP YOUR GOALS FRONT AND CENTER ALL YEAR LONG
  • ASK GERBER: HOW TO STAY LASER FOCUSED DURING THE HOLIDAYS
  • Ask Gerber: How to Identify Your Business's Culture When You Don't Think You Have One
  • Ask Gerber: When Should I Hire a Professional Manager?
  • Ask Gerber: Should You Mix Business with Friendship?
  • ASK GERBER: HOW DO I ESCAPE THE ENTREPRENEURIAL SLUMP OF FEELING TRAPPED IN MY BUSINESS?
  • ASK GERBER: HOW CAN ENTREPRENEURS CREATE SHARED EXPERIENCES WITH THEIR CHILDREN?
  • Ask Gerber: How Can I Recognize Permanent Failure as an Entrepreneur?
  • Ask Gerber: How Can I Recognize and Overcome Temporary Failures?
  • ASK GERBER: HOW DO I HELP EASE EMPLOYEE STRESS DURING BUSY SEASON?
  • ASK GERBER: DO I NEED TO HIRE HR?
  • ASK GERBER : DO I NEED A CEO?
  • ASK GERBER: DO I NEED TO HIRE A COO?
  • ASK GERBER: DO I NEED TO HIRE A CMO?
  • ASK GERBER: DO I NEED TO HIRE A CFO?
  • ASK GERBER: HOW DO I KEEP PASSION AND PROFITS TOP OF MIND IN MY BUSINESS?
  • ASK GERBER: WHY DO I NEED TO INVEST IN HOSTING AN ANNUAL RETREAT FOR MY TEAM?
  • ASK GERBER: HOW CAN I ENGAGE WITH MY CLIENTS/PROSPECTS WITHOUT BREAKING THE BANK?
  • ASK GERBER: WHAT IS A CLIENT SERVICE MATRIX? PART DEUX
  • ASK GERBER: WHAT IS A CLIENT SERVICE MATRIX? PART ONE
  • ASK GERBER: THE HIRING PROCESS. WHY IS IT SO DAMN HARD?
  • ASK GERBER: WHY IT'S IMPORTANT TO KNOW AND GROW YOUR COMPANY CULTURE
  • ASK GERBER: HOW DO I ACHIEVE THE WORK/LIFE BALANCE AS A BUSY ENTREPRENEUR?
  • ASK GERBER: HOW DO I PREPARE MY FRIENDS FOR LIFE AS AN ENTREPRENEUR?
  • ASK GERBER: FIRST GENERATION ENTREPRENEURS AND BUSINESS EXECUTIVES, HOW ARE THEY DIFFERENT?
  • ASK GERBER: I PUT SO MUCH OF MYSELF INTO MY BUSINESS THAT I WORRY I AM FALLING SHORT AS A SPOUSE AND PARENT. WHAT CAN I DO?
  • ASK GERBER: ARE CHILDREN OF FIRST-GENERATION ENTREPRENEURS MORE LIKELY TO BE SPOILED?
  • ASK GERBER: WHAT'S YOUR STANCE ON REMOTE ACCESS FOR EMPLOYEES?
  • ASK GERBER: WHEN DO I NEED TO HIRE AN ADMINISTRATIVE ASSISTANT?
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