Making the leap from entrepreneur to CEO isn’t always an easy journey. I’ve seen many people struggle with this transition. The ability to lead is not something you are born with; it is something you must constantly cultivate. And, the more success you have, the more leadership will be required. It is one thing to […]
Leadership is very rarely about doing what’s easy. If the decision ends up on your desk it typically means no one else can or should be making it. As Harry Truman was fond of saying, “the buck stops here.” If you are delegating properly, then your people will feel empowered to step up and make most day to day decisions. If you are picking the right people, then they will be capable of using sound judgment and thinking through just about anything. However, some issues still do come down to leadership prerogative and accountability.
As we wind down another year, I thought it would be useful to share some best practices I have observed over the years by leaders who tend to end every year on a high note:
As I’ve covered many times in previous blogs it becomes less and less and about you working harder or having all the answers and more about you diligently asking the right questions and letting others guide you. You need to become an expert question asker and never miss an opportunity to interact with all employees in this manner. There are seven question that when asked on a regular basis will encourage your people and ultimately the company as a whole to learn and grow:
Terrific book by Jim Collins worth reading by every business leader – How The Mighty Fall I just wish he published more often… Five Stages of Decline: Hubris Born of Success Undisciplined Pursuit of More Denial of Risk and Peril Grasping for Salvation Capitulation to Irreverence or Death “The concept of hubris is defined as […]
If I had to pick one thing that inhibits success the most amongst small business and nonprofit leaders I would say it is a lack of sustained focus. By the very nature of them being entrepreneurs, they tend to be very opportunistic. It is common for them to see a business opportunity around every corner. Their mindset is that every problem has a solution and the only obstacle to progress is a lack of effort. Unfortunately, this is only partially true. Yes, every problem does have a solution, but the effort needs to be put forth by the right people with the right plan. It is not merely a question of resources, attention and willingness to put forth effort. Great leaders and strong businesses focused on the wrong opportunities/problems typically only achieve mediocrity at best. At worst, this distracts their true potential for greatness by limiting their attention on what they should be doing in the first place and creates business vulnerabilities that should never have existed.
It shouldn’t take a crisis to force action, but many leaders seem to operate this way. As a result, a large number of companies are always in a reactive mode and waiting for external or internal stimuli to prompt action. Unfortunately, this type of mindset tends to lead to increased time pressures and higher margin for error. Life and business tends to reward those who take proactive control of their future and penalizes others who yield too much control to other factors. In essence, the sooner you take positive action the higher the likelihood you will navigate whatever storms come your way or even prevent the storms from happening in the first place.