Questions

I built this company from scratch. We have market leadership in two areas of the fastest-growing industries in the world. Our technology and company is highly respected. Although I love this company, I don't feel challenged; in fact I'm quite bored. I don't know what to do and feel really bad as my staff is extremely passionate.

Phase yourself out.

Quietly identify the person inside your company or outside it who's best qualified to lead operations after you step back. Figure out how to structure a turnover in terms of equity, salary, incentives, and accountability.

After you've figured out how you might step back – whether selling the company outright or delegating responsibility – interview the candidates. If somebody capable is eager to take over, then train them.

Phase in your replacement. You may find mentoring that person will reinvigorate your interest in the processes currently boring you to death.

After you're sure that the company will thrive without you, then you know you really succeeded in building something bigger than yourself. At that point, you can turn your attention to the next project.

Nope. I can't help you with any of this.


Answered 8 years ago

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