Entrepreneurs start homebuilding or land development companies, and right off the bat, it's all about finding and putting together deals and securing capital. After all, as a client once said, 'You know, all the company management is hypothetical if we don't have deals.' From that stems find 'em and finance 'em.
While passion and personal drive are essential, the common denominator among truly successful organizations is their structured processes and systems. Every project and task is clearly outlined in accessible knowledge bases, empowering employees to take accountability and initiative in their work. However, that rarely applies to organizations that rely heavily on their founder. In these cases, every decision and piece of information comes from a single source. Additionally, there is minimal effort to document knowledge and establish a system for transferring it.
