This Is How the Smartest Entrepreneurs Lead Teams
Everything ties back to balance.
The
Entrepreneur Insiders network is an online community where the most thoughtful
and influential people in America’s startup scene contribute answers to timely
questions about entrepreneurship and careers. Today’s answer to the
question,”What leadership style should every entrepreneur try to adopt?” is
written by Aaron Harvey, founder of Ready Set Rocket.
The
fast pace and complexity of today’s world means that leaders need to be more
purpose driven, supportive, and flexible than ever before. Trends are
constantly shifting and shaping companies’ goals. New channels for reaching and
interacting with consumers are being developed daily. In this age of expansion,
change is the new constant. For entrepreneurs to stay on top, they must create
and maintain a leadership style that adapts to these unpredictable times.
There
are four key leadership aspects that will help you navigate change while
keeping your employees focused on what you set out to do:
Vision
Every
company needs a vision—a distinct purpose that runs through all aspects of its
business. For some, it’s philanthropic. For others, it’s about user experience
or content creation. No matter what yours is, remain unwavering in your
dedication to it, but flexible in your means of getting there. Problems will
arise that steer your team off course. This is inevitable. However, if your
business is aligned around a core belief, everything else will fall into place.
A
purpose-driven company will also attract and retain the best talent. Consumers
aren’t the only ones craving authentic experiences. Employees do, too.
Companies with distinct and recognizable visions stand out to potential hires
and keep current team members engaged and passionate about their work.
Empowerment
Smart
leaders empower their employees to make tough decisions, engage in
controversial thinking, and seek outside learning opportunities. Give your team
the room to make mistakes, and the responsibility of fixing them when they
happen. Micromanaging hinders employee growth. Too often, employees rely on
upper management to clean up the mess when something goes wrong, which results
in teams feeling marginalized. This approach can be very damaging to employee
confidence, and in the long run, will keep your staff from developing important
risk-taking skills.
Don’t
limit empowerment to the office. Push your staff to get involved in outside
learning opportunities and life experiences. After all, the most well-rounded
individuals make the strongest employees. Encourage your staff to go out into
the world, engage in experiential learning, and bring that newfound knowledge
back into the workplace. That’s what we do at Ready Set Rocket, and it’s done
wonders for our employees’ growth within the company.
Stress
management
No
one in a company fully understands the intensity and breadth of daily stress
that an entrepreneur is under. There is pressure from all angles. Whether it be
landing a new client or hitting a financial metric, you are reminded every day
of the team of people relying on your success. Your ability to lead well
depends on managing and controlling these anxieties.
Develop
tools and habits that help you bubble out of the day-to-day stress and see the
bigger picture of where your company is going, and what you need to do to get
it there. If you don’t learn how to do this, you’ll become consumed by your
anxieties. When things go wrong, it’s emotional. But learn to ask yourself,
“What can I do right now to solve this?” If the answer is nothing, push it
aside and focus that energy on something else. Your leadership style is
ultimately defined by how you act when the stakes are high.
Balance
Everything
ties back to balance: how you balance work and pleasure; how you balance being
too hands off vs. too hands on; how you balance your drive and passion for your
business with priorities in your personal life. It’s important to remember that
working longer doesn’t always mean working smarter. You need to give yourself
the space and opportunity to think clearly so you can work efficiently and make
smart decisions. Find out what you enjoy doing, what helps you manage your
anxiety, and create time for it. For me, surfing and spending time by the ocean
clears my head and gives me the perspective I need to run my business. The more
you forbid yourself of this release, the more you and your business will suffer
in the long run.
Regards
Pralhad
Jadhav
Senior
Manager @ Library
Khaitan
& Co
Best
Paper Award | Received the Best Paper Award at TIFR-BOSLA National Conference on
Future Librarianship: Innovation for Excellence (NCFL 2016) on April 23,
2016. The title of the paper is “Removing
Barriers to Literacy: Marrakesh VIP Treaty”
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