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Small business - A shift towards shared psychological ownership

Updated: Apr 26, 2023

“I just NEED to get out of the day-to-day and stop working IN my business”

If I had a £1 for every time I heard a business owner say this I would donate millions to charity…

Many businesses start with an intrinsic link between the owner/founder and the day-to-day – this is often the nature of start-up. But, this fundamental link can be a growth inhibiter and to achieve potential, the day-to-day activities, decision making and problem solving needs to be decoupled (where appropriate) from the owner/founder and distributed to achieve shared psychological ownership.

But how do you transition from sole psychological ownership for ‘all things business related’ and share ownership across the team?

Take a lesson from David Marquet and learn how to embed the capacity for greatness in the people and practices of an organisation and decouple it from the leader. I share this video with all business owners I come into contact with and I know it will provoke your own thoughts and reflections...

Here are a few prompts to get you started on your journey:

  • Does the business culture and values foster empowerment and autonomy?

  • How does your leadership style need to change to support team empowerment?

  • Are the responsibilities of each role clear?

  • Do the team have the right level of competence (skills, knowledge, behaviours, etc.) to carry out their role?

  • Have best practices been agreed and processes documented including RACI (Responsibility, Accountability, Consult, Inform)?

  • Are the agreed processes being adhered to? If not, why not?

  • Which decisions and activities can be delegated? What are the risks of delegation and how can they be mitigated?

  • Which decisions and activities will you keep to protect the business and support the team?

  • What training and development will be require to increase staff competence and confidence?

  • How will you personally sustain change and not default back to your 'old ways'?

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About the author.

Hi, I'm Heather Beckett - the founder of BPO. I help small business owners to think, plan and act more strategically.


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