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Business Owners Get Left Behind By Their Own Companies

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

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Business Owners Get Left Behind By Their Own Companies

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  1. BUSINESSTIPS WHY BUSINESS OWNERS GET LEFT BEHIND BY THEIR OWN COMPANIES Checkthefullarticleat: www.ringcentral.com/small- business/blog/

  2. 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. "

  3. BUT WHY IS THAT? Herearesomeofthe reasonswhy

  4. 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

  5. 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.

  6. 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

  7. NO SEGMENTATION OF TASKS AND DUTIES Inalotofstartups, employeeshandle manytasksanddutiesthataren’talways relatedtoeachother. Itcan’tbehelped becausemoststartupshavefewstaff members. As the company grows, business operations should also adapt.

  8. THANK YOU! If you want to know more, please read the full article at www.ringcentral.com/small-business/blog/

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