Building a better business means first doing what it says on the tin.
An English expression I have come to value. Simply put, it means stating your intention. And then acting towards it.
Too many business owners do the first. But not the second.
With the result that instead of building a business, they’re expending a lot of energy giving themselves a job.
Here are four ways you can tell if the company owners are interested in creating real value for themselves and their key employees. Or just satisfying a need to be needed.
- The original founders are the only people with real ownership
- They are essential to the company’s ability to earn business
- No one else in the company has responsibility to make meaningful decisions
- No one can envision the company without them
If a ten year old company exhibits more than two of these, the chances are it will stay in business only as long as its founders want to work.
When they’re done, so is the business.