The Five Critical Growth Challenges You Must Address
On Your Way to Stage Four (35 – 57 Employees and Beyond)
The dynamic that occurs when a company moves to Stage 3 with 20 – 34
employees is unlike anything you’ve been through.
Up to this point in the company’s history, it’s been CEO-centric – your passion,
your vision, your blood, sweat and tears have carried the company successfully to this point.
With the addition of employee #20, a strange phenomenon occurs.
We liken it to when your preteen, who use to think you walked on water,
now thinks you’re dumb and dumber.
You are just a few months away from a staff revolution.
You’ve felt the subtle change – your employees are a bit harder to manage,
they push back more often, their attitude hits you in the face when you
least expect it – you seem to be at odds with them on a daily basis.
Here’s a hint.
Don’t look at them – look at yourself.
Your company just hit a wall in how you manage it and it’s you who has to make some changes — quickly.
A couple of critical forces are hitting at the same time.
In Stage 1 and Stage 2, a company is CEO-centric.
When you move into Stage 3, it becomes Enterprise-centric.
It’s too big for you to continue to ‘wear all the hats.
It’s time to start ‘passing those hats’ around to the incredibly talented people you have hired.
You have also just come through a Wind Tunnel – a chaos zone that requires
you to let go of methodologies that no longer work and adopt new ones that do.
That’s a lot for any CEO to deal with.
Stage 3 has the highest incidents of CEO-burnout of any stage of growth and it’s not difficult to understand.
Suddenly you have to start managing, delegating and team building like there was no tomorrow.
AND deal with the following:
Top 5 challenges for a Stage 3 company
1. Staff buy-in
2. Leadership/staff gap
3. Weak business design
4. Unclear core values
5. Staff is resistant to change
Four out of five of your top challenges center around people issues.
If I’ve heard it once, I’ve heard it a thousand times from
business owners – the lament that starts with
‘If I just didn’t have to deal with employees’.
It’s no wonder that as a company moves into this critical stage of growth
that many CEOs lose some of the enthusiasm, the passion that was
their ‘lifeline’ up to now.
You could always call on your ‘lifeline’ to get you through those tough times.
Now you have to start relying on your people.
Actually, relying on is a bit soft.
You have to start ‘trusting, believing, managing, training, teaching, coaching,
rewarding, caring and communicating’ with each and every person in your company.
And you have to do it daily.
Communicate, Communicate, Communicate
Want to know how to avoid the ‘staff revolution’?
One word: Communication.
And lots of it.
Now. Today. Tomorrow. Next week. Next month.
Your employees are just as excited about the success of your company as you are.
Give them a chance to succeed.
As a leader, you have to evaluate your leadership style and ask yourself:
is my style hindering the success of this company?
If you tend to lean on the micro-manage, command and control approach
to managing people, you’re in trouble.
Stage 3 demands that you start letting go and start bringing your key people
into the fold.
Many companies never make it past Stage 3 – the revolving door starts early.
When you hire smart, capable people and they aren’t allowed to be smart or capable, they will leave.
Wouldn’t you? Put yourself in their shoes.
Tap into the intelligence of every single person in your company.
Now you know how to avoid the revolution.
Apply these principles to get on the right track to accelerate
your progress to sustainable, profitable growth.
Now Hear This!
A basic principle of effectively managing growth; what you don’t take care of in one stage of growth doesn’t go away–it follows you to the next stage when there is more complexity and a new set of challenges.
Get a Free Growth Stage Strategy Session With Me to Discuss
How To Complete the Work of Each Stage as You Go.
Begin by Completing the Growth Strategy Survey.
Then, we will schedule our call.