Stop Making Decisions
Last week we talked about the value of culture to a company, even a small firm. I think it’s incredibly valuable to have a culture that allows for change and innovation. You don’t want to stay stagnant. In some cases, what’s worked for years may not work next year.
But how do you go about instituting this type of culture?
One of the best ways is to stop making decisions – or, at least, stop making all the decisions. Give your employees more autonomy. It will open their minds to new ideas and give them the freedom to reach for more, which should eventually lead to your business becoming more profitable.
Consider handing off some tough decisions to your best employees. See what they come up with. Maybe there’s a new way. Maybe there’s a better way.
Michael Alter, payroll expert with an MBA from Harvard Business School, is a nationally recognized spokesperson providing thought-leadership and sensible advice to help accounting and payroll professionals build deeper more profitable relationships with clients. Alter, President of SurePayroll, writes the Trade Secrets column on INC.com and is frequently published in Bloomberg TV, the Wall Street Journal, and Entrepreneur Magazine.