{"id":55016,"date":"2019-09-12T08:42:33","date_gmt":"2019-09-12T13:42:33","guid":{"rendered":"http:\/\/selectmetrix.com\/?p=55016"},"modified":"2019-09-12T15:55:03","modified_gmt":"2019-09-12T20:55:03","slug":"entrepreneurs-vs-employees","status":"publish","type":"post","link":"https:\/\/selectmetrix.com\/blogs\/2019\/09\/entrepreneurs-vs-employees\/","title":{"rendered":"Entrepreneurs vs Employees"},"content":{"rendered":"<div class=\"boldgrid-section\">\n<div class=\"container\">\n<div class=\"row\">\n<div class=\"col-md-12 col-xs-12 col-sm-12\">\n<h4 class=\"\">Your employees are not as committed to your company\u2019s success as you are.&nbsp; If you are an entrepreneurial owner, this fact is something you must understand.&nbsp; I have seen this misalignment in many companies and it often leads to turmoil within the culture.<\/h4>\n<p class=\"\"><a href=\"https:\/\/www.entrepreneur.com\/article\/338523?utm_source=newsletter&amp;utm_medium=email\" target=\"_blank\" rel=\"noopener noreferrer\">This entrepreneur.com article<\/a> provides 6 important points for entrepreneurs when leading their company.&nbsp;The first point may be the most important:<\/p>\n<blockquote class=\"\"><p><strong>1. Employees are equally invested.<\/strong><\/p><\/blockquote>\n<blockquote class=\"\">\n<p class=\"\">Here\u2019s a painful truth: Employees aren\u2019t going to take ownership the way you want them to. If they wanted to be entrepreneurs, they would have taken that path. And it\u2019s&nbsp;<em>good<\/em>&nbsp;that they\u2019re not as invested as you are &#8212; it\u2019s a problem if someone else is&nbsp;more interested in making your business succeed.<\/p>\n<p class=\"\">This stubborn assumption manifests itself in lots of ways: expecting people to work long hours, making comments that they should feel \u201cgrateful\u201d to be a part of something historic, pushing back when employees bring legitimate problems to your desk, etc.&nbsp;This is what you signed up for. It\u2019s not what your employees signed up for unless they took a stake in your company.<\/p>\n<p>Equity is the equalizer, but if you do not offer equity to your employees, you have to understand their mindset.<\/p><\/blockquote>\n<p class=\"\">I have seen this frequently in many privately-owned companies. My thought has always been that this approach has always been a bias from the owner. &nbsp;The belief is that the employees are as committed to the company&#8217;s growth to the point of working long hours, not wanting pay raises, etc. &nbsp;The employees <em>must<\/em> share the same desire as the owner to see the company grow. &nbsp;Yet, the employees are not compensated with any equity. &nbsp;This misalignment in understanding motivations often leads to exaggerated views of the employees&#8217; commitment to the company.<\/p>\n<p class=\"\">Here is another common mistake I see in entrepreneurial companies:<\/p>\n<blockquote class=\"\">\n<h2 class=\"\"><b>6. They can withstand organizational havoc.<\/b><\/h2>\n<p class=\"\">Some business owners fall into the anal-retentive, detail-oriented category; others are more comfortable flying by the seat of their pants. If you think running the show means you can leave a trail of dysfunctional processes and contracts in your midst, you\u2019re likely angering teammates on a daily basis.<\/p>\n<p class=\"\">Employees\u2019s roles definitely exist to lighten entrepreneurs\u2019s loads, but intentionally leaving messes that make their&nbsp;jobs harder won\u2019t do much to earn loyalty or trust. Entrepreneurs are often better&nbsp;starters than finishers, and failing to think one step further to how your actions will affect your teammates can be a nail in the coffin.<\/p>\n<\/blockquote>\n<p class=\"\">Do not underestimate the importance of defining roles even in a small, entrepreneurial company that is in fast-growth mode. &nbsp;The faster the growth, the more difficult it is to keep your company&#8217;s roles defined&#8230;and staffed. &nbsp;Recently, I have seen two different companies struggling with growth. &nbsp;The issue seems to be twofold: &nbsp;1) properly staffing up to meet the new demands and 2) defining the roles and responsibilities of each person.<\/p>\n<ol class=\"\">\n<li>Staffing up is one of the more harrowing investments any entrepreneur has to make. &nbsp;The business sees a noticeable increase in revenue, but will is be sustained? &nbsp;If there is any question about the continuity of the revenue stream, the owner is normally hesitant to hire. &nbsp;The issue now becomes the stress on the existing employees to absorb the increased workload. &nbsp;If it is temporary, fine, that is part of being an employee. &nbsp;If it is sustained and then continues to grow, you will have a problem. &nbsp;The corporate culture will deteriorate as the employees struggle with long days and stressful deadlines. &nbsp;Hire temporary workers or staff up your team &#8211; this risk is part of being a successful entrepreneur.<\/li>\n<li>Fast growth often leads to roles absorbing more and more responsibilities. &nbsp;The actual tension comes from employees losing track of their primary responsibilities. &nbsp;Their roles morph into something lacking definition, just activities that have to be covered in a timely manner. &nbsp;As role responsibilities and expectations become blurred, employees get blindsided by unexpected shifts in these areas. &nbsp;The important task here is to keep in close contact with your employees and keep their roles clearly defined as the company faces remarkable growth.<\/li>\n<\/ol>\n<p class=\"\">The entire article is worth a read for any entrepreneur, or any company facing fast growth in this strong market. &nbsp;If you need help in hiring the right people or defining the existing roles, we can help.<\/p>\n<p class=\"\" style=\"text-align: center;\"><strong><span style=\"color: #ffffff;\"><a class=\"btn btn-pill btn-color-5 btn-glow\" style=\"color: #ffffff;\" href=\"http:\/\/selectmetrix.com\/contact-us\/\">Contact Us Today<\/a><\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Your employees are not as committed to your company\u2019s success as you are.&nbsp; If you are an entrepreneurial owner, this fact is something you must understand.&nbsp; I have seen this misalignment in many companies and it often leads to turmoil within the culture. This entrepreneur.com article provides 6 important points for entrepreneurs when leading their company.&nbsp;The first point may be the most important: 1. Employees are equally invested. Here\u2019s a painful truth: Employees aren\u2019t going to take ownership the way you want them to. If they wanted to be entrepreneurs, they would have taken that path. And it\u2019s&nbsp;good&nbsp;that they\u2019re not as invested as you are &#8212; it\u2019s a problem if&hellip; <a class=\"read-more\" href=\"https:\/\/selectmetrix.com\/blogs\/2019\/09\/entrepreneurs-vs-employees\/\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":55523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"bgseo_title":"","bgseo_description":"","bgseo_robots_index":"index","bgseo_robots_follow":"follow","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[31,11],"tags":[903,31],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/selectmetrix.com\/blogs\/wp-content\/uploads\/2019\/09\/Geyser.png?fit=560%2C315&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5Oho-ejm","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/55016"}],"collection":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/comments?post=55016"}],"version-history":[{"count":8,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/55016\/revisions"}],"predecessor-version":[{"id":55684,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/posts\/55016\/revisions\/55684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media\/55523"}],"wp:attachment":[{"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/media?parent=55016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/categories?post=55016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/selectmetrix.com\/blogs\/wp-json\/wp\/v2\/tags?post=55016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<!-- WP Super Cache is installed but broken. 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