Are you being the best managing director you can be?
“Managing director” sounds impressive. You’re finally the one calling the shots. Not only do you manage, but you also direct… whatever that means. Many managing directors aren’t too concerned about the detailed specifics of what their job title means. As long as it sounds good at a party and you can impress people with your business card, who cares?
However, the higher up you get in the career food chain, the more responsibility there is on your shoulders. Many people go after higher-paying roles simply for the title and often the money, and it does wonders for the ego, but a lot of us forget to read the fine print about what this job really entails.
A managing director has a hard task on their hands. It’s a combination of two different roles which require two different skill sets: managing and directing. As a manager, it’s your job to look after your team, make sure everything is running smoothly, that everyone is following company policy, and make sure staff are happy.
As a director, you’re expected to establish effective goals and sales targets, introduce new policies to benefit the organisation and increase revenue, and this is followed by the heaps of paperwork you must complete and sign. And as a managing director, you’ll be expected to take on all these roles, doing two jobs at the same time.
And after doing all of this you’re stressed? Well, water is also wet.
Getting the job done
But, someone has to do this job and there’s no reason it shouldn’t be you. You can enjoy all the perks while also making sure you look after your health by doing the following:
- Get good at your job – Never turn down an opportunity to learn or become more efficient at your job. This will ensure you waste less time scrambling and feeling unsure. Your decision making will become faster, clearer, and more efficient. You’ll have more time to spend doing things other than working.
- Maintain your work-life balance – As we work our way up in a business, our jobs can become more and more intrusive on our everyday lives. While extra work is expected, if you find yourself having to consistently miss out on family events, children’s birthdays, or your own hobbies, it might be time to take a step back.
The good news is you’re not alone. You’re not the first person to become a managing director and learn there’s more to the job than attending networking events and using the company credit card. You likely won’t be the last. But we can ensure these jobs don’t get the better of us by seeking advice when we need it.
Leadership doesn’t have to be a lonely pursuit. Big Hand offers businesses expert advice to help them grow as a team and watch their business flourish. For more information, call us on 0161 327 2911.