Building Something with a Life Beyond You
As part of a blog series, I’ve decided to complete three reviews of three separate books. The books are about topics like marketing, business, and leadership. My goal with this series is to draw out some teachable lessons for anyone attempting to grow—personally, professionally, or otherwise. In this blog, I will cover some humbling lessons that leaders, business owners, managers, etc. can learn about creating a business and developing people to be able to grow independently of their leadership.
It’s a relevant topic to almost anyone with direct reports or a business to be accountable to. Haven’t you ever wondered how you can create a department or a company that can thrive without you? If you aren’t a business owner in the building materials segment, do you run a department or product category? Could some of the same principles necessary to generate a sustainable business work in this scenario—one without you?
To that end, I recently finished reading a book titled Built to Sell by John Warrillow. What a fabulous read. Throughout the book, John offers valuable insights and tips to help the reader build a sustainable business or department that can continue on without the leader.
I’ve compiled a few of the tips I found most interesting—and if I’m being honest with myself, the most humbling as well.
- Don’t generalize—specialize. If you focus on doing one thing well and hire specialists in that area, the quality of your work will improve and you will stand out among your competitors.
- Owning a process makes it easier to pitch and puts you in control. Be clear about what you’re selling, and potential customers will be more likely to buy your product.
- Don’t be afraid to say no to projects. Prove that you are serious about specialization by turning down work that falls outside your area of expertise. The more people you say no to, the more referrals you’ll get to people who need your product or service.
- Hire people who are good at selling products, not services—even if you are in a service business. This expertise leads to scalable solutions as opposed to all customized one-off solutions.
- Build a management team and offer them a long-term incentive plan that rewards their personal performance and loyalty.
- Think big. Write a 3-year business plan that paints a picture of what is possible for your business. Remember, the company that acquires you will have more resources for you to accelerate growth.
- Always know your pipeline prospects and what their worth is to your company. This metric is essential to be on top of market opportunity and your potential for a percentage of that.
Don’t take the book too literally—this concept is not just about business owners and it’s not just about selling; it’s about leadership and creating something sustainable beyond you. Elton and I aren’t trying to sell ERM, but the lessons from this book are ones that any business owner, manager, or leader attempting to make something bigger than themselves can learn from.
Whether you own a business or manage a department, these are tips that should influence how you approach the work if you want to create opportunities for long-term success. At the end of the day, none of us can be in our roles forever. The more you can do to lay the foundation for success, the more poised for success you—and the business—will be.
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