Simply because they get sucked into working in the business and consequently don’t spend enough time on the business.
Sometimes this is because of a lack of confidence in the ability of managers to step up to the level required. Maybe a company has ‘accidental managers’ who have been promoted by their longevity of service or knowledge, but they’ve never had any management training so struggle to manage performance, delegate or have difficult conversations.
Most likely the business owner has spent many years of their life tending and nurturing seven days a week. It can be incredibly hard to step away, after all, it is often their most valuable asset were they to decide to sell the company.
However, there comes a point when the business reaches a certain scale, and if it is to continue to grow then a business owner must take a strategic lead and that means letting go in other areas.
The other critical error business leaders make is they neglect their own development. One of the greatest dangers of success, is it leads to complacency. That is a dangerous place to be in a world changing as fast as it is today.
The Government has seen there is a need for qualified managers and understands that businesses lack the money to address these challenges. Via Suffolk company, Lighthouse Training business can access government funding to cover 90% of the cost of Leadership and Management Diplomas. This means the following qualifications can be gained for a fraction of the cost:
ILM Level 3 Diploma in Management – perfect for first line managers - £500 instead of £5,000
ILM Level 5 Diploma in Leadership – designed for Strategic Leaders - £900 instead of £9,000
Funding is limited, and must be allocated by June, and will be offered on a first-come-first-served basis, so don’t delay, contact Lighthouse Training on 01473 610555 for more information, quoting MENTA.
James Salter, Director, Lighthouse Training.