You’ll stay disappointed in others, without this one skill

< 1 minute

Last Updated on May 16, 2024 by Connor Prendergast

You’ll stay disappointed in others, without this one skill

Entrepreneurs, Advisors, Side hustlers (works for all)

You delegated a task to an employee, a contractor, a partner

→ And for
→ The 100th time
→ You’re disappointed.

You had to get involved, take over, or have them do it again.

→ Sometimes you
→ Even do it
→ Yourself.

WTF? Why can’t I find someone reliable?

→ But maybe,
→ Just maybe
→ It’s you.

Stay with me now. It’s not JUST you. But you have a roll to play.

→ And you’ve got way
→ More influence
→ Then you think.

But only if you develop this one, key management skill.

→ It comes from
→ Andy Grove
→ Of Intel.

This transformed my leadership and the 100s I’ve coached.

→ You must adapt your style
→ Of management based on your
→ Colleague’s Task-Relevant-Maturity(TRM).

Stay with me even if think you know this.

→ Basically, it means we should
→ Adjust our approach based on how
→ Experienced someone is at THE TASK.

NOT how experienced the PERSON is.

→ So someone with 2 years experience
→ Who has done something
→ 100 times.

Is more mature than:
↳ Someone with 20 years experience
↳ Who has done something
↳ 10 times.

The above is worth repeating to yourself because in practice it can feel weird.

I think of TRM level as:
↳ How close is someone to being able to do something
↳ On their own, with no guidance, flawlessly
↳ Even with a little ambiguity.

So your management approach has to flex to match a person’s TRM level.

This means:
↳ High TRM level = Delegate as usual
↳ Med TRM level = Hands-on check-ins early/often
↳ Low TRM level = You are teaching/mentoring

If you learn to do this you will
↳ Reduce disappointment
↳ Develop your team
↳ Win more.

Have you ever tried managing based on TRM? How’d it go?

Author

Get NEW posts and shows delivered to you.

The Augmented Advisor blog and podcast help financial advisors learn ways to improve their business with in-depth content from the industry's leading thinkers

We don’t spam! Read our privacy policy for more info.

icon-angle icon-bars icon-times
BlueLeaf