Advisors Paul and Leslie Strebel tell how they learned to handle workers.
Aschism has developed in planning industry business
models between sole practitioners, with no staff or a few part-timers,
and single- or multiple-principal firms with full-time staff. This is
codified in the annual reports the Moss Adams accounting firm does for
the Financial Planning Association, and is the source of much
controversy when it comes to discussions about maximizing the value of
one's firm vs. creating a firm that serves one's lifestyle (the
implication being that employee management is neither easy nor
fulfilling).
But maybe value vs. lifestyle doesn't have to be an
either-or proposition. Perhaps those building firms with growing client
bases and burgeoning staffs can have both value and quality of life?
Paul and Leslie Strebel of The Strebel Planning
Group (www.strebelcpa.com) in Ithaca, N.Y., certain think so. This
husband-wife team, with CPA, Certified Long-Term Care and CFP
designations between them, are both Certified E-Myth Consultants, and
their discovery of E-Myth principles is what unlocked the puzzle of how
to finally get a grip on their own employees.
For those not familiar with the "E-Myth" (short for
entrepreneurial myth), it's a body of principles espoused by
small-business consultant Michael Gerber in his series of books
including the one most advisors are familiar with, The E-Myth Revisited
(HarperBusiness 1995). Gerber's message, briefly, is that you must be
more than a good technician to be successful at running a business; you
must work "on" rather than "in" your business, systematizing all of its
parts and hiring other people to operate those systems so the business,
ultimately, can run without you.
When we read Gerber's books or hear talks on his
subject, the part most often emphasized is that of systems. His books
use the example of a McDonald's fast food restaurant to illustrate how
every operation within a business can be systematized and handed off to
an employee. Yet, what we hear relatively little about is the teamwork
that is necessary to make all of the systems work in concert.
The Strebels were particularly open to this message
about five years ago, when they and their five employees were
struggling as most small businesses do. They had a decent set of client
services and some systems underlying them, but employee problems were
getting in the way of having a really top-notch planning and CPA firm.
"We had one employee who was extremely productive,"
says Leslie Strebel. "She could really crank out tax returns and would
work very late to get her job done during tax season. However, her
attitude was a big problem. We tried for years to change her, always
hoping things would someday be different."
One of her problems was her basic disrespect for
other employees. Says Leslie, "We had a dedicated employee who drove 35
to 40 minutes each way to commute to her job with us, which is
considered a long commute in the Ithaca area. Rather than saying to
this person, 'Wow, you must really like working here,' our problem
employee would say, 'You must not value your life to drive that far to
come here.'"
The Strebels' business development process was
threatening to this employee. She was uncomfortable having open and
frank discussions, since her modus operandi was trying to position
herself to the best political advantage within the firm. "She might say
something very positive to Paul and then walk upstairs and say
something derogatory about him or our strategy to another employee,"
says Leslie.
Sound familiar? Almost all small
businesses-particularly if the owner starts out as a technician, which
most of us do-have experienced problems like this. And it doesn't take
a large staff for personnel problems to fester and erupt.
The Strebels eventually learned about the E-Myth
principle of Primary Aim, which helped them turn things around.
"Primary Aim describes the essence of who you are," says Paul Strebel.
"Maybe your Primary Aim is to be healthy, complete and peaceful, with
great capacity to love and share. Or maybe it's to keep the child
inside you alive and well-to play like a kid and have fun. Many people
think in terms of what they want from their business, family or
community as their Primary Aim, yet it is even more fundamental than
that. A Primary Aim tells the story of what gets you out of bed in the
morning."
Their discovery of their own Primary Aims led Paul
and Leslie to seek out employees whose Primary Aims aligned with theirs
and, therefore, could assume a position on a team of like-minded
people. One must be willing to be introspective to discover his Primary
Aim, so looking for employees with the right attitude became
critical-even more critical than finding people with the right skills.
"Hiring the right employees and developing them
properly was one of the hardest things for us to do," says Leslie.
Taking a lesson from Jim Collins' book, Good To Great, the Strebels
learned how to get the right people on the bus and the wrong people off
the bus. "We believe the right people, once assembled, will figure out
how to take the bus in the right direction," she adds.
To make this happen, say the Strebels, hiring must
be systematic, and the business owner must be rigorous in his hiring
practices. If he interviews a prospective employee and has any doubts,
he must not hire that person but, rather, keep looking. The Strebels
now believe there is no reason to settle for mediocrity. And when an
employee isn't working out, a change should be made immediately.
"One of the greatest lessons we've learned," says
Paul, "is if somebody's not pulling his weight as a team member-and
we're not necessarily talking about productivity, but how he interacts
with other team members, which is equally critical in our eyes-he's
done. The mistake we made over and over again is we would try and work
with an employee on his personal development. We were always telling
ourselves this employee is too important production-wise to let go. But
that's a Catch-22, because that employee would be poisoning our other
staff with her cynicism or back-biting behavior."
So the Strebels now realize it's the attitude of the
person who works for them that determines whether he stays on board.
"When a prospective employee applies and interviews for a job," says
Leslie, "we're looking for the right attitude and a record of
cooperation to determine whether we believe there's a good match.
Technical skills are very important, of course, but without the right
attitude, all of the applicant's degrees and technical capability won't
help us build the organization we want to build."
What does that person look like? After the Strebels'
high-production tax preparer left but had not been replaced, it was
getting late in the year and close to tax season. Paul was thinking
about a CPA he knew in town and mentioned him to Leslie. "Next thing I
knew, I ran into this fellow in a store, which resulted in him calling
up Paul to go to lunch," says Leslie. Paul adds, "He starts telling me
about the local CPA firm where he works and how dysfunctional it is. I
told him about our accounting firm, our teamwork, and he's going, 'Wow,
you do that, you have these meetings and employees get to have input?'"
The CPA came back to the Strebels' office, met their
employees, and saw how high the morale was. "It blew him away," says
Paul. "He was working for us within two weeks after giving notice at a
job he'd been at 15 years. He's been with us six or seven weeks now and
it's been awesome. He's brought clients with him ... he's a total team
player."
The meetings this CPA referred to are the business
development meetings the Strebels hold regularly for both the employees
and the business. "We conduct what we call employee development
meetings, which are regularly scheduled meetings between employees and
their managers that become a forum for problem solving, conflict
resolution and planning. It is just as important to hold such meetings
to let employees know they are being listened to and that they are
empowered to take action as it is to discuss critical business
matters," says Leslie.
In addition to employee development meetings, the
firm as a whole schedules four-part, month-long business development
meetings. Employees come together in management teams each week and
work on systems, training, the firm's performance and, finally, what
Collins calls the Hedgehog Concept: what the firm is best at, what
could accelerate its economic growth engine, and what everyone is
deeply passionate about.
These meetings, which are sometimes done over lunch
out of the office, all contribute to team building. However, says
Leslie, "With all of the precautions we take, until a new employee is
in our company and interacting with others, we never know for sure if
that person is a team player. We had someone who worked out just fine
through our 90-day probationary period and literally unraveled on Day
91. She apparently had forced her attitude for 90 days and then the
real one came through. She became uncooperative, and things she'd been
doing correctly, she suddenly lost the drive to do right."
Of course, we shouldn't put all the emphasis on
employees. "Business owners themselves are the number one impediment to
growing a business," says Paul. "Employee problems are merely a
symptom. It all comes back to the business owner allowing those
problems or not knowing how to correct them. It's not necessarily a
character flaw. It's a combination of fear and a lack of skills."
Which is why you may want to avail yourself of some
coaching in this area from those who have used E-Myth principles to
tame their employees, like the Strebels.
David J. Drucker, MBA, CFP, a
financial advisor since 1981, sold his practice in 2001 to write, speak
and consult with advisors. His newest book is Tools & Techniques of
Practice Management. Visit www.daviddrucker.com for more information.