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Be A Better Entrepreneur : 5 Phenomenal Tips To Enhance Your Leadership Skills
- November 3rd, 2017
7 min read
“I’m responsible for my employees. I’m not making progress. My company is a failure. I’ve made the biggest mistake of my life. Will I be able to make through the competition? What can I do to make it outshine?”
Every doubt and every question is based on one person – You! Nobody is going to cover your head and take the blame of mistakes your company makes but you. It might come as a surprise but every successful entrepreneur has failed several times and they only rose to heights when they realized ‘take the blame’ is not bad thing after all.
Finding business process solutions can be similar to getting stuck in middle of an ocean and you need to answer the following for yourself:
“I’m going to quit it because: ( ? )”
“I’m not going to quit it because: ( ? )”
Once, you’re sorted to go ahead and work out on a solution for the problem then that’s it. You’ve made through the phase one.
Why should you focus on ‘what went wrong’?
Several leaders have expressed their thoughts globally; how focusing on mistakes allowed them to achieve what seemed out of capabilities earlier. Henry Ford is the great example to lead as he stumbled upon the ideas only when he attempted to make mistakes which led to having more than 50 patents to his name in automotive industry. Bill Gates rightly says, “Reward worthy failure – Experimentation.”
What are the established tips to utilize for better understanding of running a business?
Some of the young entrepreneurs share their story so that people can connect to them and learn better ways to do it. Thomas Edison quoted, “I have not failed. I’ve just found 10,000 ways that won’t work.”
Let’s look up to the lessons from past of successful businessmen :
1. Hard Decisions Are Important To Be Made By The Businessman Not Employees
In the process to integrate your employees more and more into your company has two sides of a coin. Yes, trust is a factor but your conscience needs to do more careful evaluation. Rossanna Figuera, Co-Founder and Ambassador of Good Things, Wafels & Dinges learned this the hard way when she was cheated by one of her employees and she asked others to decide whether to give him another chance. This infused insecurity in other workers as they doubted her abilities to run a firm. This not only affected the performance of people but also building up the company.
2. Being Passion Driven, Not Money Minded
Your work is your portfolio. Money in your account won’t bring work in future. Invest in improving your products & services rather than feeding your selfish greed. All the revenue you generate in initial years of your business should multiply itself. One of the best ways to do so is by filling in the loopholes of your company. Outsource your business process services from experts which saves money and also delivers 100% quality.
3. Delegate Responsibilities & Load Off Unnecessary Stress
If you are going to spend your time in little things which are best done by your subordinates then where would you find time to bring fresh and innovative ideas for progress? Make use of technology and let online virtual assistants help you throughout the process of making it big in the speedy developing market.
4. Revise The Common Vision You & Your Employees Are Working Towards
When you begin, you are certain of what you want to create but as soon you start capitalizing the idea and adding the people, you begin to lose focus from the agenda and wander around the idea of sustaining the company. Don’t let your sight diffuse, even after years of working upon an idea. Rather, invite invention and inculcate more creative thinking in your employees to bring deliberate development in process.
5. Listen & Communicate With Your Audience Loud And Clear
As an innovator of a product or service, you pretty much know how you can help the society but it is also necessary to know what does the society want from you. At times, the common mistake businessmen make is by misjudging the capabilities and technical background of their audience. Surveys are crucial to unveil the hidden factors of the market needs. Pay proper heeds to your audience’s voice as it would help you to determine functionality, price, outreach, quality market and other variants which would affect the sales of your product.
With these tips by your side, you won’t be missing out on the productivity of your company at any instance. However, it is essential to motivate these lessons in reality and crucify distractions.