What’s the most important value to have when you’re running your own business? According to Molly McGrath, Founder of Hiring and Empowering Solutions, it’s accountability. Molly shares her unique perspective on the entrepreneur gene, describing it as a desire for control and freedom, stemming from an anti-authoritarian mindset. Molly highlights the importance of teaching employees to be intrapreneurs, involving them in decision-making processes, and implementing incentive-based compensation models. The episode also emphasizes the significance of accountability, time management, and having a clear vision for both personal and professional growth.
Takeaways:
- Make a list of tasks that drain your energy versus those that light you up. Use this list to create job descriptions and hire the right team members to take on these tasks.
- Establish a culture of accountability within your business. Hold daily huddles or weekly stakeholder meetings to discuss progress, challenges, and ideas.
- Provide employees with the resources and support needed to achieve their goals, fostering growth and fulfillment within your team.
- Begin planning your exit strategy early, so that you are prepared when the time comes for you to leave your business.
Quote of the Show:
- “ When you have this board of directors everywhere in your life that will support you with this and shining that flashlight on you, I think it really helps.” - Molly McGrath
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This Show is Sponsored by The Business Transition Sherpa®
100 percent of owners will leave their business one day. But few are prepared. Are you? Get your copy of the Amazon best-selling book by nationally recognized expert, Laurie Barkman that reveals how to build business value and plan for succession, transition, or selling the business on your terms....what every entrepreneur needs to know.
✨📖 Get your FREE digital copy of The Business Transition Handbook here: https://btsherpa.com/book
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Connect with Laurie Barkman:
LinkedIn: https://www.linkedin.com/in/lauriebarkman/
Website: https://thebusinesstransitionsherpa.com/
Book: https://btsherpa.com/book
Course: https://freedom-finder.thebusinesstransitionsherpa.com/freedom-finder-course
Connect with Molly:
LinkedIn: https://www.linkedin.com/in/molly-hallmcgrath/
Website: https://hiringandempowering.com/
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