-Motivate and cultivate staff thereby improving overall results. -Control all operations, keep an eye on staff and prevent looses. -Be a resource to teach, train, and modify staff behaviour. -Identify new business opportunities and markets. -Be the Center of the business operation and protect the owner’s interests.
As a business grows and matures, the role of the owner changes and evolves. In the beginning it is important to be at the Center of everything because you are the one and only employee. In growth mode the same trap can exist.
Avoiding being caught in the Center of everything requires a self-motivated trained staff. They do not need to be told what todo because they are self-motivated. They are eager to improve and grow and make ideal candidates for internal promotions and advancement. As a manager you want your stable to be full these thoroughbreds.
A mature business with solid staff and systems allows the owner to become the entrepreneur again. Your primary job shift to looking for new business opportunities or markets that you can serve.
The stage of maturity of the business you are buying will have a big impact on what your role will need to be when you take it over. It will also be important to determine the role of the previous owner if that person is going to continue to help in the transition. You will now assume the management position of the previous owner, so it is very important that the previous owner have a role that is clearly defined.