All intellectual property contained in this document remains the property © evolution media group 2014

Is Your Business Dependent On You?

By Vanessa Stoykov

All intellectual property contained in this document remains the property © evolution media group 2014

Is Your Business Dependent On You?

Inspiring Wealth Education

1. Have a people plan in place2. Accountability is a must3. Create a leadership team4. Manage yourself out of the

business

All intellectual property contained in this document remains the property © evolution media group 2014

Inspiring Wealth Education

1.Have a people plan in place

•  I’ve said it before and I’ll say it again, your people are the lifeblood of your business. A people plan is simply creating a clear trajectory to growth for all staff.

•  Assess your current team structures. How do they fit in with your vision for growth? You may discover that you require new staff or need to re-position key staff.

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• You team need to know where they are heading in order to remain driven, but it is equally important for you to know how they are performing in order to shape their growth trajectory.

•  KPIs are a must have. You’d be surprised how many businesses operate without them.

Inspiring Wealth Education

2. Accountability is a must

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Inspiring Wealth Education

3. Create a leadership team

• Identify your key performers and work with them to become team leaders of the business.

• Draw on their expertise and experience to mentor the younger members of your team.

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4. Manage yourself out of the business.

• If you are the sole owner of your business’ key relationships and revenue lines, it’s time to bring in the members of your newly formed leadership team.

• Delegate some of your responsibilities to allow you the time to focus on the bigger picture and allow your team to keep the business churning.

Your business needs to operate efficiently with or without you present.In order to achieve this you need manage yourself out.

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