What is restricting your business growth or should I say who is holding back your business?
Time to consider a BIG question.
Now this may bring a wry smile to your face or a serious frown but it must be considered at some point.
Answer it honestly and then take some action based on your answer.
It may prove to the most important decision you will ever make.
The BIG question
If the business could ‘sack' everyone it currently employs today (without fear of tribunal, notice or termination payments or indeed without any other repercussion) who would you willingly re-employ tomorrow?
The decision to re-employ has to be without qualification.
No get out of jail cards like:-
‘I wouldn't want to employ him/ her again but they bring in 75% of the sales'!
‘If they weren't family they would be long gone'
Read the question again and then go through your whole team one at a time.
The answers from this question may be uncomfortable but the awareness will be worth the discomfort.
Yes, it may be the toughest question that you consider in your business life so don't dodge the bullet.
Take time out and consider the implications honestly.
Look at the reasons for not re-employing and put together a development plan to address the issues where possible, eg. skills through training, attitude through coaching or perhaps move the individual to a more appropriate role.
Your biggest challenges will come from those that are not aligned to your values.
That's a whole different question but if not addressed it will cause you recurring issues in the future.
To unlock the hidden growth in your business your team must be able to adapt to meet the growth challenge.
Some may be able to step up others will not.
Business owners allow their personal relationship to the individual or family ties cloud the underlying issue.
Closing a blind eye to the people who are holding the business back will ultimately jeopardise everyone's long term security.
One final thought.
Did you include yourself in that analysis?