“Entrepreneurs are simply those who understand that there is little difference between
obstacle and opportunity.”
Alan, the president of a biotech startup, looked older than his late thirties. Married with two young children, this founder-entrepreneur knew he was in trouble. “I’m burning out fast,” he said, a pained expression on his face.
“Our revenues are up 40 percent over last year, but work just isn’t fun anymore,” he said. “My blood pressure is too high. My family complains that they never see me. My staff complain that I micromanage. I’m even growling at our bankers.”
Alan’s was a classic case of “drowning in success.” Having grown his business from scratch, this newbie chief executive was having a hard time relinquishing control and responsibility. Intellectually, he knew what he should be doing, but something was getting in the way – and adding to his frustration and stress levels.
We worked with Alan and his operations team to optimize the company’s management structure and strategy execution. We also worked one-on-one with Alan to help him:
- Define his top business goals and strategy for the coming year
- Identify how his personal strengths and capabilities were promoting – and possibly hindering – his business plan and strategy
- Modify his attitudes toward delegating responsibility
- Focus on core business growth activities and stakeholders
- Carve out dedicated “down” time to achieve work/life balance
“A year ago I would have taken the money and run, I felt so overwhelmed by the company’s success and mushrooming complexity. But now I not only know a lot more about maximizing its potential, I’ve acquired the skills to maximize my own potential.”