Foot Steps and Foot Prints
Two types of scenarios are there in professional life. First, following Foot Steps, second, creating Foot Prints.
Following foot steps require lot of compromises and enthusiasm to learn. Whereas creating Foot Prints require lot of confidences and innovations.
The later will become an entrepreneur and the former will become a business person. Though we used to think both business men and entrepreneurs are same, the above said is the difference between these two.
Whether you are a businessman or an entrepreneur you should have Plan B in place to run your show. Every entrepreneurs should keep in mind that Plan B should not be people oriented. But Plan A must be people oriented only.
If you want your idea to become reality, even if you are backed my Capital, you need PEOPLE to carryout your vision and mission. This helps your idea to become reality. Then your realised idea can start earning for you. You are a perfect Entrepreneur only if your idea starts to earn for you. Else you are just another short time Amateur Entrepreneur ONLY.
Your core people should start building your company with their teams under them. Management should make sure that these core team is well equipped and empowered to carry out these tasks. Even though you have handpicked these core team members, you cannot expect everyone from your core team to be of same caliber. It is your management skill that will better utilise their individual capabilities and form a full functional core team.
If the core team is trained and fed to handle tasks to their brim that will help them to expand their team size and in a short duration you can realise your company has crossed several milestones on growth aspect.
Can this scenario continue?
No it will not. Because every individual will have their own ambition in their career and life. On the other hand your core team would have learned a lot of additional skills which they will love to get disclosed in front of others, who would really appreciate that than what you can do to them. If their increase remuneration also gets added to this then they will surely try to unfold their wings and start flying their own.
In spite of the above situation being true, every Manager will have “that one person” who will not leave you in spite of knowing all the above. If you get one, then you are the most successful professional person. Wish for one!!!
Loosing your core team is inevitable for sure. What will be the next step? That is what is called “Plan B”.
People are the core for the growth and success of any company. There is no substitute for that.
But people should not drive the company. Your people should drive the process of your company and if that happens, then all you need is KT time and not Individual presence. Time invested in formalising the Process by any Management will give huge returns than any other form of investment including investing in individual. End of the day, Individual will leave you for their own aspirations, how much ever growth, knowledge and money you bet on them.
Plan A Vs Plan B
Being said, can we invest in process and run the company without people or invest in people and run the company without process? Both are not possible and this is the core issue of many Entrepreneurs ending up their vision with failure.
You should side by side invest on both, else you will be LEFT ALONE at the middle of the road. This scenario will happen to most of the companies which are on the growth aspect year after year for the first 5 years. But if you have crossed the chasm of 5 years then you would have automatically formalised some processes in operations which will eventually lead you to strengthen your Plan B and carry forward your company smoothly.