Transform Your Company: Find the Right Person for the Right Seat and Thrive
Eric Anderton
?? Business & Executive Coaching + Leadership Development for Construction Executives. Serving Commercial Construction Companies doing $10M to $1B+ in Revenue
What’s Keeping You Up at Night?
Running a construction company comes with its unique set of challenges. If you’re like the construction company owner I chatted with this week, one of the biggest stressors is having the wrong person in the wrong seat in your company. This issue can cause significant disruptions and financial losses, and it’s something that many leaders grapple with.
Assessing the Impact
How long have you had the wrong person in the wrong seat in your company? Have you considered the true cost of this misalignment? For the owner I spoke with, the wrong person in a critical role resulted in three years of inefficiencies, missed opportunities, and strained resources. The financial toll? Over a million dollars. Yes, over a million dollars lost due to one misaligned position.
Real-Life Example
Let’s delve into this real-life scenario. The owner realized that despite this person’s skills and efforts, they weren’t the right fit for the role they were in. This mismatch caused project delays, miscommunications, and ultimately affected the company’s bottom line. The realization of the true cost was a wake-up call.
However, the story doesn’t end on a sour note. This week, the owner took a bold step. He had a candid conversation with the individual, acknowledged their contributions, and discussed the misfit. They mutually agreed that it was best to part ways. This conversation, though difficult, was necessary for both parties’ growth and well-being.
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Taking Action
Now, reflect on your own organization. How long is it going to take you to let go of the wrong person in the wrong seat? It’s not just about financial losses; it’s about the potential for growth and the health of your company culture. Are you ready to do whatever it takes to get the right person for that critical seat?
Your Turn to Act
The decision to make such a change isn’t easy. It involves acknowledging a mistake, taking responsibility, and committing to find the right fit. But the rewards are worth it. Having the right person in the right seat can drive your company towards greater efficiency, innovation, and success.
Don’t Wait Until It’s Too Late
Procrastination can be costly. The longer you wait, the more you risk further losses and missed opportunities. Take action now. Conduct a thorough evaluation of your team, identify misfits, and make the necessary changes. Invest time and resources in finding the right talent. Your company’s future depends on it.
Final Thoughts
In the world of construction, every role is pivotal. Ensuring that each person is in the right seat can transform your company’s trajectory. Don’t let fear or complacency hold you back. Make the tough decisions, embrace change, and watch your company thrive.