Being set in your ways can really hurt your business in the long run.
BY DAVID FINKEL, AUTHOR, ‘THE FREEDOM FORMULA: HOW TO SUCCEED IN BUSINESS WITHOUT SACRIFICING YOUR FAMILY, HEALTH
For Inc.
Graphic: Getty Images
As a business owner, your behavior has a direct correlation to the success or failure of your business. Especially if you tend to suffer from what I like to call controlitis, which is the overwhelming urge to have your hands in everything surrounding your business.

Business owners with this affliction tend to be perfectionists who truly believe that if you want something done right, you’ve got to do it yourself. Which ends up making them control freaks. They hate the anxiety of wondering if someone else will do the job right.  They regularly feel pulled back into assuming control and more closely directing their team. But this urge for perfection can come at a high price for their businesses and I see it all the time as a business coach. Here are the five destructive behaviors that I come across a lot, and why they can really end up hurting your business.

1. Micromanagement.

This one is always a popular choice and is one of the most common issues I see when coaching business owners. This is the inability to let competent people “own” work they have shown they can do well. You spent a lot of time and energy hiring key team members, and in many areas they are more educated and competent than you are. But you still can’t let go and let them do the job they were hired to do. Not only does this lead to a higher turnover, but it can also put you in a holding pattern of growth, because you are constantly having to hire new team members and train them. Micromanagers also have a much higher rate of burnout, as you have limited time and resources to do all the things that need to be done.