Running a business is obviously very demanding of your time and energy.
One of the biggest challenges is adapting to your additional responsibilities and shifting role as a leader while your team grows. In my experience, when our team was between 10 and 20 employees, I was pretty hands on.
Most leaders are hands on at this stage. They have their hand in developing product or overseeing client services. They also likely oversee operations on a day to day and participate in production tasks.
But as companies grow, the role of the business owner and CEO evolves with it.
For example, we grew into the range of 25 to 30 employees over the last year, leading to a big change in my daily experience. Most of my time now is spent on big-picture strategy and communication between all our teams. I evaluate performance on an individual and team level.
When you reach this size, you need flexibility, where you can take a step back while staying present with your company. This helps you make the most of your time as a leader of a scaling business.
Fortunately, as technology continues evolving, an important consideration comes to mind: Are you capable of running a business on your smartphone?