As our business crossed four million dollars, I ended up with my name in four different seats on the Accountability Chart: Visionary, Integrator, Sales, and Finance. I am burning out and dropping balls. What is the tactical sequence to shed seats when I cannot afford to hire four executive replacements at once?
Holding four seats means you are doing four jobs poorly. You are working eighty hours a week, extinguishing fires, and bottlenecking your team because every decision must pass through your desk. You cannot hire four executive salaries simultaneously, so you must shed seats in a deliberate sequence.
Start by looking at the four seats: Visionary, Integrator, Sales Leader, and Finance. You must delegate from the bottom up and from operational execution toward strategy:
- Shed Finance first. Bookkeeping, payroll, and reporting are highly systematized. You can outsource to a fractional CFO or hire a sharp Controller for a fraction of an executive salary, instantly freeing up ten to fifteen hours per week.
- Shed Sales second. If you are the chief rainmaker, document your sales process, define the five roles of a dedicated Sales Leader, and promote or hire someone to run pipeline and closing. As long as you run sales, you cannot oversee the company.
- Shed Integrator third. Running day-to-day operations and holding direct reports accountable requires operational discipline. Find an Integrator who loves execution, orchestrates your leadership team, and drives the Level 10 Meeting™.
- Retain the Visionary seat. This is where your highest value lies: big relationships, market innovation, and protecting the culture.
Stop treating your Accountability Chart as a badge of honor. Every seat with your name in it represents a liability for your business and a discount on your enterprise value when you eventually exit.
Category: Accountability Chart & Seats