Achieving freedom in your business demands intentional action. As the brainchild of the company, it is normal that you struggle with the thought of letting your team work with minimal supervision. However, if you want your business to grow without shackling yourself to it, it must run on its own. So, what are the chances that your business will survive while you travel the world? Here are some pointers you can apply to improve its chances of “survival”.
Part of becoming an effective leader is learning how to properly delegate tasks. Maximize the abilities of your team to fulfill many responsibilities. Use this as an avenue to develop the skills of each member. By giving them more things to be accountable for, you’re also giving them the chance to step-up their game.
Relinquish authority to the right person. Do not just give instructions, train your leaders ahead of time and make them feel that they have your trust and support. By the time you come back from your trip, you’ll have a team who’s more adept, independent and confident of doing things on their own.
Prepare A Contingency Plan
Unexpected circumstances may arise in your absence. Complications are inevitable, and there’s no way you can foresee everything that could happen. That’s why it’s vital that you discuss among your leaders some procedures when things do go wrong. Set an action plan and give your leaders freedom to roll out this plan if a situation calls for it. Contingency planning can help reduce the risks of business failure and provide for easier recovery in case of potential crises.
Conduct Performance Assessment Upon Your Return
Evaluation is one of the most effective tools in improving the performance of your team. It can help you assess whether the procedures you’ve made were effective and if your team followed protocols while you were gone. This assessment will help you identify the areas that need improvement and where the plan succeeded with flying colours. You can then replicate the same procedures that worked best to other parts of your operation. The next time you go out for a trip, you know the team is better equipped to handle the business on its own.
In areas where the plan failed, never point fingers. Rather see it as an opportunity to improve operational systems.
You will never attain business freedom if you don’t allow your people to step out of their comfort zone and do more things for you. With well-thought out plans and procedures in place, you can begin to make your business less dependent on you, opening up the possibility of longer travels!