Why Your Business Needs a Leadership Team
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Why do you
need a leadership team? Just because you’re the owner shouldn’t mean you have to do all the leading. And even if you’re really good at it, more heads are always better than one.
Besides, like it or not, there’s no way you as one person can provide better leadership than a small group of hand-selected, committed, smart, and inspiring managers whose skills and knowledge compliment yours!
We advise most every small business owner we coach to build a leadership team, aka management team.
Even small businesses need a leadership team. Like org charts (see last month’s blogpost), you may view a leadership team as one of those corporate-sounding activities that isn’t really necessary in the world of small business. But a leadership team frees you to do the deep thinking that’s so necessary to the success of your business. The owner of a company should be focused on the organization as it will be in the future. If you’re not looking at your business’ future, you can be sure no one else is. And the only way you can be free to do this is if you have a team of leaders who are equipped with the skills and empowered with the authority to run your business.
How to build your leadership team? Four factors generally play into how many people you put on your leadership team and how you structure it:
- The size of your company
- The service or product you provide
- How your lines of
business are organized and
- The amount of time the owner wants to spend on the business
When we say ‘build your leadership team,’ we mean for you to select and put in place a team of no more than 4-6 strong leaders who function as decision-makers and strategizers for a large portion or unit of your business.
Aim
for your leadership team to be about 20% of your total employee size, up to around 25...click
here to read more.
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Growth Plan Workshop
It's not too late to register!
March 16th, 2023
Renaissance Indianapolis North
11925 N. Meridian Street Carmel, IN
9 am - 3 pm
Discover the potential in your business by completing your Single Sheet Business Plan. Then break it into quarterly, monthly, weekly & daily goals and get a line-of-sight from your daily tasks to your 10-30 year purpose. Step out of the day-to-day business for just 1 day, get organized, complete a prescribed planning process, and walk away with an action plan that leads to greater profits and free time back.
For owners & leaders of small to medium sized businesses. Bring your 2nd-in-command or your whole leadership team!
*Registration Required
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This quarter's Growth Plan Workshop book presentation is Radical Candor.
Check out this 6-minute video summary of Kim Scott's awesome book.
Or register for our March 16 Growth Plan Workshop where Roger Engelau will lead a book discussion.
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