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Here are some of the reasons why some business owners are getting left behind by their own companies

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Presentation Transcript
business tips

BUSINESSTIPS

WHY BUSINESS OWNERS

GET LEFT BEHIND BY

THEIR OWN COMPANIES

Checkthefullarticleat:

www.ringcentral.com/small-

business/blog/

they re not always seen as the best person

THEY’RE NOT ALWAYS SEEN AS THE BEST

PERSON FOR GROWING IT

Ina2008studybytheHarvard

BusinessReviewcalledthe

Founder’sDilemma,  itwasrarefor

founder-ceostostillberunning

theirbusinessinthelongterm.

" ITISRAREFOR

FOUNDER-CEOSTO

STILLBERUNNING

THEIRBUSINESSIN

Whiletheoriginalbusinessowner

isfineforbuildingthecompany

fromthegroundupthey'renot

alwaysseenasthebestpersonfor

growingit.

THELONGTERM. "

but why is that

BUT WHY IS THAT?

Herearesomeofthe

reasonswhy

no vision

NO VISION

Startupentrepreneursarebusy

puttingoutfires. Theydon’treally

havethetimeortheluxuryto

thinkaboutthefuture.

Once the company is

stabilized, the leader

needs to actively set

long-term goals.

ALWAYS IN SURVIVAL MODE, AND

REACTIVE, NOT ACTIVE

sentimental over the first team

SENTIMENTAL OVER THE

FIRST TEAM

Youroriginalteamwasgreatwhen

youwerestillstarting. Butata

certainpoint, yourbusinesswill

needpeoplewhohavemore

experienceandadifferentsetof

skills.

If you let your sentimentality rule you,

you won’t find people who are better

suited for specific positions in your

company.

boss is involved in everything

BOSS IS INVOLVED

IN EVERYTHING

Founderstendtohaveasayin

everything  especiallyifthereisn’t

alotofpeopleworkinginthe

officeandtherearenoclear

departments.

The founder needs to transition from being

the only decision maker to a person who

trusts other people to make decisions as the

company grows

no segmentation of tasks and duties

NO SEGMENTATION OF

TASKS AND DUTIES

Inalotofstartups, employeeshandle

manytasksanddutiesthataren’talways

relatedtoeachother. Itcan’tbehelped

becausemoststartupshavefewstaff

members.

As the company grows,

business operations should

also adapt.

thank you

THANK YOU!

If you want to know more, please read the full article

at www.ringcentral.com/small-business/blog/