It’s lonely at
the top.
You’re
expected to know all the answers and make the best decisions for your team. You
know ultimately, the buck stops with you.
It’s not easy
being ‘Superman’ or ‘Superwoman’ in business.
They say that
judgment comes from experience: and experience comes from bad judgment.
So, how do you
make a good judgment without the cost or pain of a potential bad judgment call?
Being a
Managing Director can seem very lonely. No one to share your problems with at
an equal level; you may feel you don’t really understand how the business is
doing or don’t understand what to do next. You feel stressed and not valued.
Often the answer seems to be to just to
slog on alone as you are the boss, be the hero. Yet then nothing seems to change:
only the stress levels increases.
To help it would be good to know you’ve got
someone to talk to about your problems. A problem shared is a problem halved as
the adage goes.
Wouldn’t it be good to have someone on
board who can offer many years of experience in running real businesses? Your
own right hand man? Someone you can share your problems with and so get
answers? A mentor to complement and extend your skills?
Can you relate to these following examples?
James had a great team behind him, he felt
the current business performance was a financial success but the financial
position of the Company was plagued by historical debt which their foreign
business owners demanded they repaid and a large but uncertain legal claim.
The legacy of the debt and the legal claim
muddied the current business performance with their owners insisting that they
weren’t in fact making any money……the relationship with the foreign business
owner was fraught.
Mentoring discussions helped share the
stress and revealed a plan of action which was subsequently put in place to
remove the stress.
In Nick’s case, he was unhappy. His
business performance seemed to be declining and running the business was no
longer fun. Nick decided that the business no longer delivered a good enough service
level; maybe they were in the wrong market? Nick decided to close the business.
Acting as a mentor, we helped him to double
check if his plan was the best way ahead, and to think through all the issues.
We helped him to devise the best action plan in the circumstances to wind
everything up. It was a tough decision and a tough job to go through with it.
Yet, that was exactly what he did.
Mark sometimes feels alone despite having
his team around him and enjoys a very regular catch up meeting to help him sort
out his next steps. This has helped him to get focus on the massive recent
changes within the business.
James, Nick and Mark were feeling stressed
in their work as Managing Directors and found through our mentoring service,
that they could find a solution to their problems.
So how can we help? As well as saving tax,
time and worry, we work with business leaders to help them grow their business
in the way they want.
One way we do this, is through meeting with
you on a regular basis and acting as a business mentor, someone to talk to,
share problems and consequently come up with concrete actions to sort out those
problems.
Isn’t it time you started halving your
problems?
To learn more contact Jan on 07890 239442