Get to the Next Level, a Blueprint for Succession

You remember the days when it was just a handful of employees, working hard and sharing responsibilities to do whatever was needed to get this business off the ground. It was an exciting – albeit stressful – time and the possibilities seemed limitless. Many years later, after countless hours spent winning customers, investing in growth, and cultivating employees, you’ve built a successful business. And now you’re ready to bring your team to the next level: expanding responsibilities, growing the company, improving strategic thinking. Is your team up to the challenge?

The key to ensuring the future of your business is to develop the skills and knowledge your team needs to succeed. Company leaders must be recognized and equipped with tools they can use to drive business objectives and catalyze growth and change throughout the organization. With a strong leadership team in place, major challenges like expanding the company and long-term strategic planning can become shared responsibilities with improved prospects of success.

Building a talented leadership team is no small feat. It takes a deep understanding of the business, the management team, and the corporate culture to envision the path to future success by investing in the people you have today.

In order to prepare your team for the next level, consider the following areas:

  • Determine the select few in your company today will have the abilities and influence to lead the company. You need to begin cultivating those employees today to equip them with the skills and know-how they’ll need to succeed.
  • If processes are learned by experience, without reliance on documentation, that needs to change. Routine processes that are easy to understand can be moved lower in the organization, freeing you and your direct reports to look ahead and work on transitions. Document the appropriate processes and train other employees to take responsibility for them, while you focus on the future.
  • If you have a major goal in mind, you must examine how your current business will enable you to reach that goal. Provide opportunities for your direct reports to work on these company changing goals and put them in the spotlight to help you confirm your decisions about who’s ready to lead.
  • Who in your company thrives in the existing culture? Every company has innate strengths and weaknesses in the corporate culture. It’s important to understand who can effectively leverage those strengths and overcome
    weaknesses to achieve strategic outcomes.
  • Establish a timeline. Determine what the organization should look like by the time you’re ready to put more responsibility on the shoulders of your direct reports. Work with your leaders to ensure that those people who are stepping up to the plate have the right set of capabilities and tools to do the job well.

It takes time and dedication to reflect on these topics, consider the potential risks and opportunities, and devise effective solutions. However, this process is absolutely essential to achieving larger, long-term objectives. Bringing your company to the next level is entirely dependent on having a solid team in place to drive progress.

DataKey Difference: Real-time coaching designed for immediate, practical application. The DataKey team has the experience and expertise needed to channel your team’s energy into productive skill-building. By integrating your management team into the Key Leaders network of successful peers and outside experts, DataKey can help equip your company’s leaders with the practical knowledge that will drive future success.

Much like in the early days, the possibilities are still limitless. With professional assistance from the experts at DataKey, you can set the business you’ve built from the ground up on a path to ensured future success. Now is the time to take control of your company’s destiny.

Download a PDF version of this article here.

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About datakeyconsulting
You may have experienced consultants who made high-priced recommendations followed by implementations that didn't "stick." DataKey’s founder vowed to form a different kind of company. DataKey has successfully completed hundreds of projects across more than 30 different industries for companies from mid-market to Fortune 500. As a measure of client satisfaction, over 90% of our clients engage in more than one project with our team. DataKey is one of the fastest growing management consulting firms in Westchester County, New York. Founded by Ted Miller in 2004, DataKey now has offices in New York and California. DataKey builds better companies; Accelerate Your Business Objectives!

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