November 10, 2012

"Go on a two-month holiday"

Impresario Entertainment & Hospitality MD Riyaaz Amlani on the "best advice he ever received" in a Business Today article: The trouble:
...The same people who bring you from Chapter 1 to Chapter 2 in one's story sometimes don't elevate their own game for what is required to get you through to the next chapter. They get comfortable, become fat cats quickly, and don't seem to want to change. It seems that they needed me to ratify everything. I needed to be everywhere and personally supervise everything. I worked 18 hours a day. And couldn't do enough. It was frustrating and heartbreaking. I loved my people but I just couldn't get them to take full ownership.
The solution provider: Tariq Ansari of Mid-Day, The solution:
"Go on a two-month holiday." As soon as I began to protest, he explained: "It's a concept called 'benevolent negligence'." Leave. Go away. Take your hands off, and your people will be forced to sink or swim. Give them control. Tell them you don't want to be bothered. And when you come back, don't take back their responsibilities. Tell them they did good. And tell them that you are going away for another month, and that they shouldn't bother you for what's urgent, only for what's important.

Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private company transactions, valuations and financials in India. Click Here to learn about Venture Intelligence products that help entrepreneurs Reach Out to Investors, Research Competition, Learn from Experienced Entrepreneurs and Interact with Peers. Includes the Free Deal Digest Weekly Newsletter: India's First & Most Exhaustive Transactions Newsletter.