You know what they say about bicycles. Or maybe you don’t. Here’s the deal – a bike is a lot of fun until you’re interrupted. Maybe your phone rings or you get a hunger pang. You shift ever so slightly to scratch an itch, and the next thing you know you’re face-down on the ground. If you run into trouble on a bike, there is no one else on board to give you a hand before you come crashing down. Bikes are a lot of fun – they take you places and they’re great exercise, but you can’t live your entire life on one, just like you can’t run your entire business via one central individual.
If you’ve read any management theory books, you’re familiar with the Hub and Spoke Model. This way of structuring a business is especially common in businesses built from the ground up by the founder. The organizational chart at a company that employs the Hub and Spoke Model looks like a bicycle wheel. All points lead to the centre, instead of a hierarchy where multiple levels of management and reporting make up the organization.
In our ebook, Are You Subconsciously Sabotaging Your Business, we discuss the megalomania that founders often suffer from. We’re not talking about your typical megalomaniac – this person is well-intentioned, but obsessive, has no lack of confidence or assertiveness and has trouble delegating. The business is their baby, so it can be hard to let go and allow someone else to … Read More . . .