Stop over-relying on a few staff members at your accounting firm
An over-reliance on a few employees stifles growth and will gradually erode your firm unless you take steps to avoid it.
It’s natural to click with some people and not with others. But I’ve learned from experience that many managers tend to exclusively invest in and favor top performers who work the longest hours and already do exceptional work.
This favoritism can lead to over-reliance on these employees, which stifles growth and will gradually erode your firm unless you take steps to avoid it.
Siloed teams don’t grow
Your employees’ knowledge of critical processes and experiential insights, often referred to as tribal knowledge, must be shared throughout your company in the form of standardized operating procedures and clear documentation.
If not, you become dependent on these key employees for your company’s continued growth and success.
The problem with over-relying on key people is that they’ll eventually be unavailable, on vacation, or in a different role, even at a different company. When this happens, do you really want your firm to come to a screeching halt?
Favoritism creates division
Another side effect of preferring certain people and excluding others is that you doom your company to be divided between the ‘haves’ and the ‘have nots’ in terms of your approval and attention.
As in any caste system, the result is that the ‘have nots” envy the ‘haves’ and actively work to undermine the efforts of ‘haves’ so they can either remove someone and replace them, or destroy the hierarchy completely. Similarly, the ‘haves’ will guard their knowledge and role as if their position depends on it and work to keep their ‘elite’ status.
Pillars become crutches
Every smart business owner knows that you can’t scale a business that is built with you at the center.
However, you also can’t scale a business that’s built around a few top players. To scale your business, you must train and delegate, which is impossible if you’re neglecting standard operating process documentation in the hope that your key players will always be available to ‘just get it done’.
Only bad businesses have crutches. Good, scalable businesses invest their resources into documentation, training, and knowledge sharing so each employee is equipped to be a pillar within their domain of expertise.
How to avoid over-relying on top performers
If you want to avoid or stop stunting your company’s growth with manager favoritism, here are some tips:

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