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An Essential Quarterly Priority Every Leader Must Focus On To Build A Successful Company
Avoid the “hit by a bus” syndrome…
When a critical person gets “hit by a bus,” everything falls apart. It’s not a good business if everything depends on one person.
At one point, everything in my company came through me. I made all the major acquisitions, built all the processes, controlled the finances, converted all the new clients, and everything slowly became unrealistic and unattainable.
I built a good operation, but it became my prison.
Every quarter, every leader in a company must look for ways to build strategic depth.
According to David Finkel, “Strategic depth gives your company both the staying power and scalability to compound your results by building on a secure base.”
That base is your team, processes, and values.
Strategic depth reduces the risk of everything in a company being reliant on a few key team members.
But depth isn’t just about playing defense. It’s also an offensive move “that gives you the extra capacity to focus your best attention on seizing new opportunities and scaling.”
