Research confirms that a typical leader / manager spends 95% of their time 'doing' and less than 5% of their time thinking, reflecting, considering ideas and planning appropriately.
When I shared this with some business leaders recently they gulped and said, "I wish I spent 5% on reflecting." From this small cross-section of business owners of small-medium sized companies it was clear all their time was consumed in fire-fighting or doing the daily business. There was no time for strategy.
As a result of this conversation, one particular business leader said that they would change how they led their business. He literally planned time out to 'lead, engage, communicate, be visible, think and reflect'. He found it difficult at first but stuck at it. He now does this naturally and no longer needs to diarise the time (but still does to protect this 'precious space').
Two of the LEAD™ Masterclass speakers take this further and say that high performing leaders should spend 60-70% of their time on culture, strategy, employee engagement, reflection and ideas and 30% of your time on systems, procedures and actions.
Let's think about that for a minute. If you work a 50 hour week, 70% of your time working on 'the right culture for your business' equates to 35 hours a week. So how many hours a week are you doing this now? We know from the comments at the top this posting that the answer is "not much, if any".
It is unlikely that you can immediately stop the 50 hours of 'doing' as that will require delegation, change of duties, empowerment etc. Therefore, if you want to move quickly towards a high performing culture you need to add the 35 hours to the 50 hours you are already working and work 85 hours per week but have in mind to reduce the 50 hours of 'doing' as quickly as possible. This will require supporting your management team to pick up some of this work, help them delegate some of their duties down the organisation and encourage others to have the confidence and step forward to take on more responsibility and be accountable.
So how do you plan to create the appropriate balance in your company and make the step change in performance in your business?