You’re Not The Smartest Guy In The Room: Knowing Your Place In Your Company

You’re Not The Smartest Guy In The Room: Knowing Your Place In Your Company
Strategy
Like Us On Facebook
Like Us On Facebook

Time is money and money is time. Unfortunately, we only have so much time to make the amount of money that we want to make. So when one variable depends so greatly on another, how can you increase one without having to increase the other? Well, you can’t. If you want to make more money then you need to devote more time. However, no one said that it has to be your time that you are offering up as sacrifice to the wealth and success gods.

It can — and should — be the time of others. The saying “you are your company” is a bit misleading. Yes, you do represent your company and if people don’t want to work with you, the founder, then they won’t want to work with your company either. But… you alone are not enough to make up your company. You will need help.

The most successful entrepreneurs are those that are the most independent. They are leaders — not because they lead people but because they do what they want, when and how they want it. Nevertheless, the fact remains that you can only do so much with the hours in a day and can only be in so many places at once. Whether you like it or not, you will need to hire employees to do the things that you yourself do not have the time to do.

This is obvious, no argument there. We all understand the concept of hiring and paying employees — no novelty there. The question that remains is whether or not your employees and their skills are being used most efficiently. Or, even more importantly, are you using your skills and your time most efficiently?

tumblr_lylins1fBb1r8h5zoo1_500

Not too long ago, I had a conversation with the CEO of Black Ocean. He was giving me some advice on doing business overseas and was kind enough to put me into contact with some of his friends in Turkey. He is basically living the life that I want to live; he is the CEO of an investment company and has started many other successful companies that are still to this day making him a very nice profit.

He has companies all over the world and somehow manages to stay on top of them all. Mind you, these are not small companies, but rather billion-dollar companies. So I had to ask: how do you do it? How do you have companies across the globe and not become overwhelmed? His response was simple: “I take a new project on myself, put things in order, and then when the time comes I find someone else to run them — someone with more experience and more knowledge in that particular field.”

What stuck out to me most was not that he had other people managing his companies — that was the only conclusion I could have come up with. What was more interesting, in my opinion, was his acknowledgement of other people being better equipped to run the companies that he himself started. The truth is that no one man can run a dozen companies. However, one man can manage a dozen CEOs that manage a dozen companies. This concept relates to every entrepreneur no matter whether they want to have businesses all over the world or just one single company.

You are not the smartest person in the world. You are not the most diligent or the most dedicated. People have this silly belief that in order to become successful and to build wealth, they must always be getting their hands dirty, always on the front horse leading the charge. This is not the case. When you first start a company then the entrepreneur does need to have sufficient skills to play every role — you never know what situation you may be put into and what you will have to do in order to keep things running smoothly. However, once you have a company that is established, you should take a step back and reconsider your role in it if your goal is to maximize growth and efficiency.

tumblr_mm7iozCrcP1r9gyqyo2_r1_500

Are you the creative mind behind the project? Are you the manager, making sure that every piece fits and runs smoothly? Are you the right person to handle the day-to-day, or would your company be better off having you handle the branding and general direction of the company? Is there any place for you at all in your company or should you hire others to do everything, allowing you to start on another project? I sometimes feel that companies would be better off if their founders would step aside and let people with more experience and more insight handle affairs.

I understand that a company is the entrepreneur’s child, his or her baby. But just as in parenthood, there comes a time when you should step away and let things run on their own. As an entrepreneur, you should not allow your ego to get ahead of you. There are people out there that can do what you do better — they just haven’t had the opportunity. You’ve created the opportunity, so now let them have it. Let them make more money for you than you could make for yourself. Devote their time to the cause and then devote yours to another.

In order to maximize efficiency — which is always the goal — you have to accept facts for what they are. You have to look at things rationally, step back and look at the numbers and statistics. Find where the weaknesses are and handle them. Take a look at your role in the company and make sure that it would not be more profitable to have someone else take care of your job while you take care of other things.

In the end, the company needs to do two things: make you money and increase the utility of the world. If you are making the world a better, happier place, are making an excellent profit and are able to do so without having to put yourself on the battlefield, then you have just won the war.

Share Tweet
React
Like Us On Facebook
Like Us On Facebook

Paul Hudson

A young writer, philosopher, and entrepreneur, Paul Hudson (@MrPaulHudson) has been writing for Elite Daily nearly since the start. Currently located in Manhattan, Paul Hudson primarily devotes his time between writing for Elite Daily and a mining startup in Turkey. He loves sharing his life experiences with his readers and makes sure to practice what he preaches.

More In Strategy

Strategy Samantha O'Connor

5 Types Of Professional Bridges We All Eventually Burn Throughout Our Careers

What do 20-something interns, 30-something associates and 40-something CEOs have in common? They’ve all made a few enemies and burned a professional bridge or two along the way while climbing the corporate ladder. That’s right; despite what your conscience tells you, you’re not the only one with a professional rival. It’s something that’s not usually broadcast […]

Strategy Jamelle Sanders

Millennial Debt Prescription: 5 Ways To Rid Yourself Of Debt

As a business coach and Millennial, I am always researching strategies to improve my financial acumen and to empower me for even greater financial freedom. Sadly, I do not meet many other Millennials who share this belief or concern. Research shows that more Millennials are taking steps to secure their financial futures. However, what we […]

Strategy Joshua Fechter

10 Ways To Get Your Dream Job At A Top Tech Company

We all want an amazing career, but wanting something isn’t always enough to get it. And if that something is a job at a top tech company, your life just got a whole lot harder. Even though just getting an interview at a top technology company is extremely hard, there are ways to make it […]

Strategy Joe Belsterling

3 Things You Need To Know Before Crowdfunding Your Startup

More and more startups and entrepreneurs are turning to crowdfunding these days and not just equity crowdfunding (i.e. Wefunder), but rather, perk crowdfunding (i.e. Kickstarter and Indiegogo). Crowdfunding can be a great tool for startups and provides much more than just funds (e.g. market validation, a loyal customer base, early adopter market, etc.), especially for younger, […]

Also On Elite

Envision

Daredevil Turns Into Human ‘Angry Bird’ By Catapulting Off A Cliff

This has to be one of the coolest things we’d definitely think twice about attempting! In a recent video uploaded to YouTube, we’re introduced to Tancrede Melet, a daredevil and avid BASE jumper. During the intense footage, Melet takes a leap of faith and catapults himself through the sky. He figured it’s easier to fall […]

Women

All The Obvious Reasons You Need To Date A Guy With A Hairy Chest

When selecting a mate, I tend to follow evolutionary guidelines and go for the guy who looks like he could survive the next Ice Age — which basically means the hairier, the better. The men I love resemble two-parts Caveman Clooney plus one part Disney Beast, and I will gladly be his guest. My, and […]

World

Germs Spread From Toilet Seats To Your Mouth Way Faster Than You Think (Video)

The amount of germs the average office worker has on his or her hands is almost as disturbing as how quickly they are spread. This video features Dr. Lisa Ackerley, a professional fellow at the Royal Society of Public Health, happily divulging how germ-infested an office can be when people forget to wash their hands, […]

Life

We Are All Human: 10 Labels We Need To Stop Using To Describe People

Humans have an innate desire to place labels on everything. Labels give people a sense of order, and a way of distinguishing things. Yet, people aren’t things; they are human beings first and foremost. Using labels to describe people ignores deeper reflections of their personhood. A person’s race, sexuality, socioeconomic status or geographic origins does […]

World

This 93-Year-Old Man’s Poem To His Late Wife Will Make You Cry

Marriage is about a life built for two. When one spouse dies, the other is often left behind to cope with an emptier house and a daily routine that’s just a little lonelier. Bob Lowe, 93, composed a poem called “Ode to Kath,” in which he remembers how much he loved his now-deceased wife and partner. […]

Goods

If This $4,000 Toothbrush Is Good Enough For 2 Chainz, It’s Good Enough For Us

If you thought your $40 electric toothbrush was cool, wait until you see the Reinast. Aside from its super sleek design, the Reinast boasts the heftiest price tag in the game at $4,000. The Reinast Luxury Toothbrush is the brainchild of  Dr. Djorde Djokovic and the rest of the Reinast crew behind him. In a recent interview with Gizmodo, […]