Are you pushing hard enough on your Principals and VPs?Are you giving them enough to do?

The paradox:
i) ask them to write an IC memo: they often miss the mark and frustrate you.
ii) Draft out the IC memo yourself: they never learn to frame if for themselves.

Path ii is expedient in the wake of disappointment from path i.

Path 3 looks like coaching them when they fall short:
Controlling your disappointment and critical response.
Slowing down to help them see the gap between where they are and where you'd like them to be.

You might not have time for any of this right in the moment. But long-term you'll end up with senior managing associates who you have to rotate out of the firm; this reflects poorly on you as a leader and limits your upward promotion.

How are you choosing to spend your time: disappointed and annoyed OR grounded in reality of the need to slow down and develop your people?

#privateequity #leadership #priorities