📺 Stream EntrepreneurTV for Free 📺

How Should I Define My Role in My Business?

By Karen Tiber Leland

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

My small business has grown to the point where I'd like to hire a manager to handle the day-to-day operations. What I'm not sure about is what comes next. Once I hire a manager, what role should I take as the business owner?

In the heady heydays of a small business’s beginnings, finances often dictate that the owner be a jack-of-all-trades, taking on everything from closing the clients to crafting the company logo. But as a business expands, that way of working becomes impractical.

The good news is that your company seems to have grown to the point where you are ready to hire someone who can work "in" the business on a day-to-day basis, giving you the opportunity to work "on" the business -- and that’s really where your new role lies. Working "on" your business means several things.

It means getting out of the weeds and taking a step back to think about the bigger picture of your company, where you want it to go and the strategy that can take you there. The creation, refinement, implementation and management of this strategy -- including getting buy-in from your staff -- will become a major part of how you spend your time.

You can also expect to expand your role in identifying and pursuing new business opportunities that you were too busy to take on previously. With someone else handling the day-to-day operational side of things, you’re free to set up more exploratory meetings with clients, attend additional conferences and put effort into business development in order to determine where the next big idea for your company might come from.

Lastly, your new role will allow you to spend more of your time being a mentor to your staff. With this other person on board, you can make larger, more consistent blocks of time available to help train, educate and develop the members of your team.

If all of the above makes it sound like you’re going from a hands-on leader to a soft-skills supervisor, don't worry -- you’re not. The biggest shift in your role that you need to get a grip on is the mental one. Remember: Your job is going from working "in" the business to working "on" the business -- and that’s the path to growing yourself and your company to the next level.

Karen Tiber Leland

Author and President of Sterling Marketing Group

Karen Leland is the founder of Sterling Marketing Group, where she helps entrepreneurs and executives build stronger personal, team and business brands. She is also the best-selling author of The Brand Mapping Strategy: Design, Build and Accelerate Your Brand.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Passengers Are Now Entitled to a Full Cash Refund for Canceled Flights, 'Significant' Delays

The U.S. Department of Transportation announced new rules for commercial passengers on Wednesday.

Franchise

Franchising Is Not For Everyone. Explore These Lucrative Alternatives to Expand Your Business.

Not every business can be franchised, nor should it. While franchising can be the right growth vehicle for someone with an established brand and proven concept that's ripe for growth, there are other options available for business owners.

Business News

Elon Musk Tells Investors Cheaper Tesla Electric Cars Should Arrive Ahead of Schedule

On an earnings call, Musk told shareholders that Tesla could start producing new, affordable electric cars earlier than expected.

Science & Technology

10 Things CIOs are Prioritizing Today to Stay Ahead in 2024

The role of the CIO has become increasingly important as technology continues to shape the business world.

Living

Younger Americans Don't Necessarily Want to Retire in Florida — and the 2 Affordable States at the Top of Their List Might Surprise You

Gen Z and millennials may be decades away from retirement, but some spots are already on their radar.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.