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Player or coach

Are you doing what an owner should do?

Watching a televised college game recently, the announcer was interviewing the winning coach. The questions were the same repetitive questions that are asked of most all winning coaches. The answers and comments were the same as what many of us have heard over the years. Among the comments were, “The credit goes to the players. They were the ones doing the work that allowed us to win”.
I thought about the similarity of the coach and a business owner. Hence, the prompting of the question as posed in the title, “Are you a player or a coach?”.

My observation is that far too many owners of the business think and act like one of the players. They believe they have the most extensive product knowledge and the best sales skills. The employees in the business seem to agree with that view as you see them often defer questions to the owner.

Visiting a business recently, I was amazed at how paralyzed the staff was because the owner had left to go to lunch and to the bank. I observed the business owner who was visiting this commercial business as the staff struggled to address the questions from the prospective customer. What an unfortunate waste of time for the visiting individual! And how easy it would be for a competitor to take this customer’s business.

While it might sound boastful coming from the coach, we think the coach should have answered differently.

The response should have been, “Yes, I do get most of the credit for the success of this team. I have selected the assistant coaches (managers for our businesses) and if they are not successful, I replace them. With my direction, the players (salespeople and support staff) are selected. If they are not always improving (increasing sales, average line count and average ticket size), I can develop methods to teach them how to get the job done.”

“The plays selected (product lines) are there because I require my assistants (buyers) to thoroughly research the competition (the marketplace for us) to develop the best opportunities for us to be successful.

The challenge I see with business owners is that we often think that being in the game means we are to be a player. We can be a player if we work for someone else.  However when you are the owner or manager, the game has to be elevated. Sounds easy but definitely it is a challenge.

Visiting with a business owner recently I watched an employee walk past the manager and bring a concern to the owner. The owner listened; made the decision for the employee; and turned to continue our conversation. The owner was asked why the manager worked part time.

The owner responded that the manager put in 48 hours each week. “They may be here 48 hours, but when you are doing their job for them, they are working part time”, was our comment.
It is tough to make the transition from player to coach. If the business is going to grow, it requires someone to be the coach and many other people to be the players.

Someone has to call the plays; decide which players are in the game at appropriate times and what they are doing. Someone has to stand back and manage the team.

The same is with our business. It may be enjoyable to be on the front line selling and visiting with customers, vendors and staff. However, if it is your business, you have to first be the owner/coach.

You can hire people to do most everything but you cannot hire someone to do your job.

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This article is copyrighted by Tom Shay and Profits Plus Solutions, who can be reached at: PO Box 128, Dardanelle, AR. 72834. Phone 727-823-7205. It may be printed for an individual to read, but not duplicated or distributed without expressed written consent of the copyright owner.

MAY 2024
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Small Business

AdvisorieS

The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.

 

Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?

 

Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.

Small Business

News

Top Story

We see that many small business owners have too much of a focus on the "top line" of their income statement.

 

Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.

Article of the Month

Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.

 

And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.

 

The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."


Book of the Month

Lean Startup by Eric Reis is our suggested book for May.

 

As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.

 

Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.

BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

The May Small Business Advisory is titled "Planning for a successful accountant" and is appropriate for many with the April 15 tax deadline having passed.

 

Did you work with your accountant? Or, did you just give them a bunch of papers and wait to receive a completed tax return?

 

Successfully working with an accountant requires a partnership. This month's Small Business Advisory gives suggestions of how to make this happen in 2024.

Small Business

News

 

Top Story

We see that many small business owners have too much of a focus on the "top line" of their income statement.

 

Increasing revenue is great, but it is not a cure all for any challenges your business is facing. And sometimes, incresing revenue can create a challenge.


Article of the Month

Who is your customer? Some small businesses have no focus. Their customer is whoever calls or walks in the door.

 

And some small businesses have determined which customers, in sufficient numbers, they should spend their efforts to attract.

 

The article of the month shares an old Southern rhyming couplet about business; "The bertter you niche, the more you get rich."


Book of the Month

Lean Startup by Eric Reis is our suggested book for May.

 

As the title suggests, the reader of the book would be someone that is starting their business. However, we see more value than just that.

 

Perhaps you have been in business for many years. We think this book could give insight to items, and methods, that a small business owner should think about with their business today.