A Secondary Leader

Entrepreneurs love to do everything themselves as they start and grow their companies. As they build staff, they do delegate operational  responsibilities as required.

However, do they delegate decision-making responsibilities and authority? Is there a clear backup person to whom the growing organization looks to make decisions in the absence of the Entrepreneur? Or, does the company postpone decisions awaiting the return of the Entrepreneur?

It is expected that when the company reaches a certain size, it should be in a position to have an entire secondary leadership team to run the organization. But what about the period until such a stage is reached?

An Entrepreneur needs to groom a backup person (secondary leader) to whom the organization can rely upon and who has the authority to make certain decisions. This allows the Entrepreneur to focus on other issues that may require his/her absence from the business (or even take a vacation!).

Ravi Patel

http://www.patelCFOservices.com

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Published in: on January 6, 2015 at 4:03 am  Leave a Comment  
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