From the Ask Tom mailbag –
As the CEO, I am stretched a bit thin. I have 10 direct reports, with the prospect of adding two or three more as we continue to grow. I have 1-1s with each manager for 60-90 minutes twice a month, but it leaves little time to spend as CEO. I feel a bit like I am pulled into the weeds.
Your company is too big to be little and too little to be big. Your company is in No Man’s Land. You have enough resources (budget) to make the hires necessary to relieve a bit of pressure, but these are critical hires, you don’t want to make a mistake, so you continue stretching. There is only one way out.
You have to build the infrastructure of your executive management team. You cannot work longer hours. You cannot work harder. You can only spread the burden.
This is a dilemma first faced by every entrepreneur startup, where the Founder makes all the decisions and solves all the problems. As the organization matures, what happens when all decision making continues with the Founder? What happens when all problem solving continues with the Founder? The speed of decision-making, the speed of problem solving slows down, sometimes stops.
You managed to get out of startup, but your inclinations continue. Others, I am sure, have told you that you have to let go. No.
You have to delegate. This is not a task assignment. What you have to delegate is decision making and problem solving. The most important thing you can do, as CEO, right now, is to build the infrastructure of your executive management team. If you cannot do this, you will end up with 13-15 direct reports and you will still wonder why you are stretched so thin.