A leader’s job is mostly about managing people, and a good business owner should also be a good leader. He or she should be able to effectively connect with his or her employees and be able to lead them down the correct path to achieve the company’s goals. The business owner might have great ideas and the passion to succeed but if the team or the staff are not willing to follow then the business won’t go far. As mentioned in my previous article, your top sales guy might not be a good leader. This also applies to business owners.
Running a company does not only mean implementing brilliant ideas and having the passion to run it. Managing people is also an integral part in running a company. Your staff is what keeps your business running on a daily basis. As the business owner, your staff looks up to you for guidance. Weak leadership can lead a company to ruin while a strong one leads to success. Just like implementing a leadership development plan for an employee, as a leader yourself, you can look to working on your own leadership skills to be able to properly connect with your team and efficiently run your business.
Communication
A leader should foster open communication with the team. Your staff or employees are the front liners of your business and they see things that are not seen by the upper management. You need that valuable information to be able to properly plan things out for your business. Allow your staff to speak out to gain insight at the base level. When communicating with the team, be as honest and clear as possible. This will help you gain their trust and confidence which in turn would also encourage them to be just as honest and clear with you. The key here is that excellent communication allows you to gain valuable information from the front line.
Live What You Preach
One great way of connecting with your team is to have strong ethics and living by them. This is all about earning your team’s respect. You can talk all day about doing the right things – but you need to walk the talk, and your subordinates will follow your example. Once you have their respect, they will stand by your every business decision. The less second guessing on every decision, the better chances of positive results.
Ask For Advice
It does not matter how well you know the industry, change is constant in business. Set your ego aside. You do not know everything. Ask for advice if you are not sure of something. Great leaders are always willing to learn new things and the easiest way to learn is to learn to ask questions.