Community//

The Toughest Choice You’ll Ever Make as a Business Owner

Every business leader faces the tough choice about how they approach scaling their company. Which will you choose?

See if any of this sounds familiar: your day starts out with an overfull to-do list, one you know you won't even have time to tackle as the day brings conflicting demands and urgent matters you must deal with right away.

What you might now realize is that a choice you made, likely without any conscious awareness, is directly influencing your company's growth and future.

It's the choice of the guiding principle you use to organize how you scale your company.

Choice #1: Control

If you feel like you have to stay in charge, make the key decisions (or at least review them to make sure they were made correctly), and that if you don't stay on top of all the details of your business mistakes will get made and those mistakes will damage your company, then you're likely building your company from a control-frame.

Business owners who build from the control frame of reference think that the only way to really grow is by personally working harder and producing more.

Sometimes they say things like, "I tried to hand things off in the past and it didn't work." Or they say, "I'm the only one who can do it."

What they don't realize is that this background frame--that they should stay in control of every key aspect of their business--is costing them and their company the future they desperately want.

When you examine the belief that the business owner should build from the control frametwo reactions are most common.

First, some business people say, "Of course the owner has to stay up to speed on everything. If he or she doesn't then they are just asking for a rude awakening." It's as if these business leaders see the choice as "stay in control" or "let the inmates rule the asylum."

This is a straw man though. When you read through the second choice--building from the freedom-frame--what you'll see is that you do have a much more potent choice available for you, one that both protects the business and allows it to sustainably scale.

The second common reaction is to say that while the owner understands that in theory that by building for control the owner is limiting his or her company, and weakening it too, but their specific business is different, special, or an exception to this rule. What they don't realize is the expensive cost to this belief that their case is different.

Let's look at the second choice you have available to you as the owner of a business...

Choice #2: Freedom

When you build your company from the freedom-frame you prioritize the scalability of your company over the short-term comfort of staying in direct control of the key details of your company.

Instead, you develop your leadership team--people whom you trust to make smart choices that matter for your business.

You implement systems and establish intelligent internal controls that protect the business and give it the structure upon which to sustainably scale.

In essence, when you build from the freedom-frame you do all you can to continually reduce your company's reliance on any one person, including yourself the owner of the business.

Action Step:

  • Take 15 minutes to journal about which frame from which you are operating your business. Ask yourself, "If I were an outside observer, what would my behaviors revealmy frame of reference to really be--control or freedom?" Journal your thoughts.
  • Brainstorm 10 ways you would behave if you were building your company from the freedom-frame. Pick two of these behaviors to focus on acting consistent with over the next 30 days.
  • Invest 30 minutes to explore on paper what you are really afraid will happen if you build your company from the freedom-frame. List out your fears and concerns. Then list out what would have to happen in order for you to be comfortable with letting go of just 10% more control in the daily operation of your business. This will give you a short-list of action steps you need to take as a company to progress on your goal of scaling your company.

For more on scaling your company, get your free tool kit with 21 in-depth video trainings to help you grow your business and get your life back, click here.

The Thrive Global Community welcomes voices from many spheres. We publish pieces written by outside contributors with a wide range of opinions, which don’t necessarily reflect our own. Learn more or join us as a community member!
Share your comments below. Please read our commenting guidelines before posting. If you have a concern about a comment, report it here.

You might also like...

Community//

The 3 Biggest Excuses That Keep Business Owners Stuck

by David Finkel
Community//

Lift Your Legacy: How Busy Leaders Find Balance in Their Lives, with Denise Stern and Jacob Rupp

by Jacob Rupp
Community//

It’s Okay to Be a Good Business or Business Owner But It’s Always Better To Become A Great Business or Business Owner

by Nathaniel Moore

Sign up for the Thrive Global newsletter

Will be used in accordance with our privacy policy.

Thrive Global
People look for retreats for themselves, in the country, by the coast, or in the hills . . . There is nowhere that a person can find a more peaceful and trouble-free retreat than in his own mind. . . . So constantly give yourself this retreat, and renew yourself.

- MARCUS AURELIUS

We use cookies on our site to give you the best experience possible. By continuing to browse the site, you agree to this use. For more information on how we use cookies, see our Privacy Policy.