Knowing when to take a step back as a business owner can be a difficult learning experience. You were there in the beginning and have been working hard day in, day out to build this business. If someone suggests it’s time to take a step back, you may be understandably frustrated.
However, taking a step back can be very beneficial for business owners who otherwise would burn out trying to do everything all the time. It can give you a better and bigger perspective of the business and also help you to establish your authority more. So here are some signs that it’s time to take a step back.
You have no free time
Working non-stop is admirable but not always the best idea. Everyone needs a break but if you’re trying to run a company and essentially do a full-time job on top of that, plus family commitments, you’re going to burn out very soon.
In these cases, your work and concentration will suffer and the business along with it.
You’ve been accused of micromanaging
Trying to micromanage everyone can lead to poor morale and a lack of trust in the office. It’s also a waste of time and money for you. If you’ve hired someone to do the job, let them get on with it and earn their wage.
Things are being neglected
You’re not a super-boss. You can only do so much, so trying to do everything is inevitably going to leave some things neglected. With a business, it pays to leave no stone unturned. Those little things that are falling through the cracks now will build up into a bigger problem in the future if neglected.
You’re struggling to show strong leadership
Are finding time to oversee and ensure that everyone is doing what needs to be done and when? If you’re spending all your time mucking in, your leadership and bigger picture perspective could be suffering as a result.
While your employees may respect your willingness to muck in, if you’re too busy to sort out problems with the business or can’t be reached, it’s not going to do anyone any good.
It could even mean that employees start going to someone else with problems and concerns because they’re seeing you less as a boss and more of a colleague. This can make it more difficult for you later on when you start to establish your authority a bit more.
Do you need to take a step back? What’s the most challenging thing/stopping you? Let us know your thoughts.