As the owner, I have built a capable leadership team, but I still find myself stepping in to make final decisions on minor operational issues, which keeps them from taking ownership. How do I force myself to let go of the vine?
The greatest bottleneck to a company's growth is often the owner who cannot let go of the vine. If you have built a capable leadership team but still step in to make operational decisions, you are undermining their authority and teaching them that their opinions do not matter. This behavior stalls their development and limits the enterprise value of your business.
To break this habit, you must embrace the EOS® concept of letting go of the vine. Start by trusting your Accountability Chart. Every seat on that chart has clear roles and responsibilities. If you have placed the right people in those seats, you must allow them to do their jobs.
When a team member or a frontline employee comes to you with an operational problem, do not solve it for them. Even if you know the answer, ask: What does your leader think? or How does the owner of that seat plan to handle this? Redirect them back to the accountable leader.
In your leadership meetings, practice active listening. Speak last. Allow your team to debate and resolve issues during the IDS® process without you driving the conclusion. Your role as the Visionary is to provide strategic direction, not to manage daily execution. By stepping back, you give your leadership team the space to step up, which is exactly what a buyer wants to see when assessing your business for an acquisition.
Category: Leadership Team