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Superheroitis is the belief that the only way to get something done right is to do it yourself.
It can really get in the way of your business’s growth if you don’t fix it. When you constantly step in to take care of things, your team won’t feel valued and they won’t try as hard. Your best people will leave and the biggest slackers will stay, leading to lower productivity and profits. It also becomes a never-ending demand on your time.
As entrepreneurs and founders, we know our businesses better than anyone. We built it from the ground up, and we’ve been the go-to expert for every decision. But as your business grows, this mindset becomes a liability. The biggest challenge isn’t about knowing everything anymore; it’s about realizing that what you know is no longer enough.
You’ve heard the alarming statistics, right? Almost two-thirds of small businesses never make it to their 10-year anniversary.
But what is the why behind these business failures? Most people assume it’s simply running out of money. While that’s certainly a factor, it’s usually not the most common reason. Another big one you often hear about is burnout. That’s definitely a prevalent symptom among business owners. I recently saw a post from an owner celebrating five years, who admitted that if they’d known how hard it would be, they never would have started.