[Podcast] Episode 52: Changing of the Guard: The Unfortunate Side Effect of Growth
Most entrepreneurs want to build a bigger company, but understand that many of their existing processes don’t scale. You go back to the drawing board and make some changes. But the sad truth is that it’s not just systems, but people, who fall behind, dragging the business with them.
In this episode, Mark’s flying solo, and tackling a subject too many business owners try to avoid. The sad side effect of growth is that some of your best, longest-lasting employees simply can’t keep up with the new demands of a larger business.
The first thing to do is recognize it. If they’re still doing a great job, but lack enough time, hire more help. But if the tasks and duties themselves are overwhelming, you need an action plan. Mark talks about what to look for and how to handle it, including:
- The difference between generalists and specialists
- Continuing education and coaching
- How to present the problem
- Finding a new role — or not
- When to cut your losses
- And more…
If you’ve run into this sticky situation, tell us about your experiences in the comments — what did you do?