Think Daily for Businesspeople Messages
– When an employee rises to their highest level of incompetence; you promote someone and promote them, until they can’t do it well anymore.
Well, when you started your business, you promoted yourself to a level of incompetence – the top.
Entrepreneurs need to learn lots and learn fast. The last thing you want is to stay incompetent at the top of your own organization.
In many businesses, the Highest Paid Person’s Opinion rules. This is a problem, because the HIPPO isn’t the best informed person in all areas.
The HIPPO (often leader) needs to know what he/she doesn’t know, and discern good ideas from bad ones by asking questions and listening and learning (99%) so that he/she can make the right decision (1%).