No business has been untouched by the current coronavirus outbreak and subsequent ‘lockdown’. Whether you have seen a boom in trade as a delivery firm, a dramatic fall in revenue as a service company, or had to remodel your business to enable safe working for your teams, you will have been affected.
Imagine being above a ravine clinging to a rope – white knuckles and fear of your grip slipping would be understandable. As a business owner concerns about letting go may be inhibiting your company and your health. And if your team is now remote working you may want to cling on more tightly.
Picture an ‘exit’ sign. Visualise those four letters above a doorway. What’s the first thing you think of? Chances are you think of something being over, finished and done with; ‘exit’ means there’s nothing more to see or do. Your work here is done.
In the past few years, a high proportion of our clients’ businesses have been owned and run by wife-and-husband teams or life partners. The relative degree of day-to-day involvement for each partner may vary, but both are typically equal owners and directors of the business.
As Peter Drucker once wrote, leadership is ‘the raising of a person’s performance to a higher standard’. For business owners who want to foster a high-performance culture, this ability to raise performance, individual by individual and team by team, is absolutely critical.