The Chief Executive Officer (C.E.O) of McDan Group of Companies, Dr Daniel McKorley, has revealed how he controls numerous business of his simultaneously.
In a Facebook post today, Dr Daniel McKorley asserted that he doesn’t know everything about his numerous companies despite the huge capital he has invested in them.
According to him, he has hired experts and professionals to work productively and frugally for the interest of the business.
However, he acknowledged that his inability to know everything about his businesses doesn’t represent an ineptness or weakness.
He justified his previous narrative by stipulating that blue-chip companies employ consultants and advisors externally in order to provide adequate information before a sensitive business decision is made.
Therefore, entrepreneurs and amateur business men shouldn’t hesitate to seek for help when they failed to know much about their businesses.
He said that,
“As an owner of more than 15 companies, I get a lot of people asking me how I manage all these businesses and how I stay fully aware of everything happening in them. I think they expect that I should be knowledgeable about every single day-to-day operation and business process, but then seem surprised when I say I don’t.
I try to explain to them that regardless of your background or experience, it’s simply not possible to know everything there is about your business or even your specialty. And by thinking you know everything and acting on that feeling, you’re likely to make more mistakes than you otherwise might. And the reason you don’t know everything isn’t that you’re not smart or don’t have enough experience. It’s because the world and the realities of business are simply more complicated and rapidly shifting than anybody can keep up with. That’s why businesses hire smart people to work with you. Even the most senior people at some of the largest companies employ consultants and advisors externally as well as relying on and listening to their staff.
So next time you’re not quite sure about something, don’t worry. It is okay not to know everything. It is okay to defer to people who are smarter and/or more knowledgeable than you are. Just don’t let what you don’t know stop you from engaging people, trying something new, and discovering your potential to grow.”