"My advice as a Houston business attorney and business owner is to be prescriptive and deliberate in examining your strengths and weaknesses. They will almost always, map shockingly well to the strengths and weaknesses of your company."
--- CRAIG KAISER, HOUSTON BUSINESS ATTORNEY
6 Tips From A Houston Business Attorney on Growing Your Company
Lacking in-depth knowledge and understanding in an area of your business means you are less likely to make the right assessment of what needs to be done. You might not realize which knowledge you lack because it's a blind spot. We all have blind spots, but how do you know you have a blind spot if you can't see it? You enlist a trusted advisor, a mentor, an expert in a given field (i.e., law) who can be truthful and help you see what you are unable to see yourself.
A business owner's weaknesses are often baked into a company's DNA and result in flawed or less than ideal business practices or systems. This is usually what holds most companies back from the growth they desire.
For example, if you lack management skills, it's likely manifested into organizational damage that requires digging into team conflicts, letting some staff go, rehiring, and creating processes for engagement and teamwork that build trust.
- Learn the skill and do it yourself.
- Find an expert who has this strength already. (If you haven't started the company yet consider getting a co-founder who possesses this strength.)
- Invest in the knowledge necessary to perform the requirements of the skill.
Multiply the energy and skills of those around you. Think of it as a formula when you build teams within your company:
Seek information from everywhere. Information stimulates learning. Diversity of information encourages creativity. Reading, conversations, and learning events are excellent sources of information, so be sure to include regular infusions of them in your day.
Recommend Reading & Resource
The High-Potential Leader: How to Grow Fast, Take on New Responsibilities, and Make an Impact
"Management is doing things right, leadership is doing the right things."
--- PETER DRUCKER