Managing Growth
Many of the challenges successful small business face arise from need to transition from an owner mindset to that of a CEO
Owner
- Complete control of the business
- Highly involved in the day-to-day operations
- Intimate knowledge of all the details
- Playing multiple roles
- Not usually accustomed to delegating
- Business model, systems & process are usually not optimized
CEO
- Shared control of the business
- Focused more on strategy & growth, much less on the day-to-day
- Relying on others to manage the details of the business
- Focus on leading & managing
- Delegation is a way of life
- Business systems & process are much more formalized and optimized
