You can have 10 levels of authority in your organization, where you have assigned CEOs, COOs, CFOs, and so on, but you still hold the blame. It is your job to lead if you want to see profits at the end of the year. We take quite a bit of time during our initial client meetings to make this very clear. Owners need to understand the accountability of assigning someone else to take control of a specific job function. They are the ones that will lose money in the long run, so we want to ensure they agree to this. It helps our meetings run more efficiently! Owners start by investing their capital into a company and because of this, they expect to see a profit. As they continue in business, they will hire or hire out responsibility, but they still expect to see profits. This is why they are to blame.
We are in the midst of one of the worst financial collapses in recent history. For now, it appears to be short-lived, but still bad regardless. It is frightening to the entire world. I don’t believe there is one person that is not affected somehow. Businesses are beginning to realize that their existence is fragile if it hasn’t looked after itself. Take responsibility for your business economics and more importantly accountability and move forward. Nothing ever gets resolved by placing blame, but it sure helps understanding who is to blame!
To review these topics in more detail, reach out to our team at Future to Now Consulting.