Many owners/managers feel like prisoners to their business, employees and customers. If you are experiencing this, you might want to consider some of the common causes of this “bondage.” It’s time to stop the chains from getting tighter and tighter.
While coaching hundreds of owners, leaders and managers, I have found the five most common causes of business imprisonment are: (1) technical tendencies, (2) busyness, (3) ineffective leadership and delegation, (4) inadequate or missing business systems and (5) growing business complexities.
Habits determine destiny. Too many of my clients are former technicians who are now masquerading as owners. They believe they are entrepreneurs, but they don’t act that way. They remain trapped in a technical comfort zone, mindset and work approach which is insufficient for managing a business. Unfortunately, all the while they’re losing focus on developing essential visionary, strategic and leadership skills.
I find that too many of my clients confuse activity with accomplishment, busyness with results, hard work with smart work and perspiration with purpose. Too often they neglect doing the right things in favor of doing things right. Too often instead of working smarter, they hold tight to the myth that working harder is the solution. The more the business grows, the harder they
work and the more imprisoned they become. Wrong strategies inevitably lead to poor results – less freedom and more headaches.
These are a couple of the links in the chain that make business owners and leaders prisoners in their own business. In my next blog I will offer up three more links in the chain that restrict balance in the lives of leaders and managers and limit their potential for greater success.
Please share any experiences you have had that fit these profiles. When we learn from each other, we can help each other from getting caught in the quicksand of business bondage.