The heady startup days are a time when all hands are on deck and titles aren;t as important as getting things done. If you survive to make it to the growth stage, you will have to hire more people who do things you will not be aware of or even understand. You simply cannot keep a tight reign on everything. You will also find you spend ever more time being the boss rather than being the entrepreneur, the innovator, the inventor.
This is a necessary transition in companies that grow. Not all entrepreneurs make the change which is why the founder of a successful startup may not be the CEO at the growth stage. The thing to keep in mind is this – The day will come when you can’t make all the decisions. The choices are these:
- Make the transition
- Continue as Chief Development Officer and let someone else take on being “the boss”
- Do nothing, stay a lifestyle business
The avoidance of company rules, bureaucracy and policies may be one of the reasons you chose to do a startup in the first place. But be aware that your ability to grow is dependent on making the transition from closely managed to process management.