There’s a trap many of us fall into when we expand our team. It’s the management trap. It happens when we expand our team quickly – bringing on multiple new team members at once or in a short period of time – before we have systems in place to help us grow efficiently. Suddenly, we find ourselves managing and training a new team, creating and documenting systems as we go, and struggling to find a way to pay everyone when there’s no time left for generating new business.
How do you find the money to support a growing team? It’s a common problem. You need help in order to expand your business activities and generate more revenue. But, you need to generate more revenue before you can get the help you need. The proverbial chicken and egg scenario…
Adding a team member won’t help you reach your goals unless you change the way you manage. Bold statement, I know. But it’s true. That independent, “can-do” spirit you’ve used to run your business as a solo-preneur is actually an obstacle when leading a team. Let’s explore a few essential mindset shifts you need to consider when you begin leading a team.
A case study of Tara Gentile on how hiring profitably prepares your team members to be successful and benefits the group as a whole. Together, we’re sharing her experience with hiring profitably as she added a new community manager to her team.
There are plenty of reasons to fear delegation. It’s one thing to hand a well-documented process over to a talented individual while making sure you still have control of the outcome. Without a good understanding of your mission and a strong working relationship based on common goals and shared values, the outcome of this kind of a transition is questionable.