People start new businesses for a wide range of reasons. One of the most common is a desire to be your own boss. However, once you get to the point of having to lead your team, this can seem daunting. Fortunately, there are some tried and true strategies you can use to ensure you are guiding your team in the direction of success.
1) Have a Clear Vision
Consistency is important for a small business. A common mistake that people make is to jump around too much between ideas. Their visions for their companies are not sufficiently defined. Having a clear vision gives people focus and purpose.
You may consider writing a vision statement for your business. Alternatively, you may create a more formal, complete business plan. In either case, it is valuable to make it clear what you are hoping to achieve. It is okay to change your vision from time to time as circumstances change, but you should try to be consistent and focused.
2) Put People First
The people on your team are your most valuable asset. They can be the difference between your business thriving or failing. Put them first. Whether you have a team of full-time employees or a few part-time freelancers, they should be a top priority.
When you are making decisions for your business, always think about how your choices will affect the people. When you have a people-centric mentality, your business culture will be more positive, and you will have a more dedicated and happier team.
3) Be Rigorous and Organized
Running a small business is hard work. You need to be thoughtful and organized about how you approach running your company. Be mindful of how you manage your business start up costs and operating expenses.
When you are rigorous and organized, your team members will see the effort you put into making the business a success. If you combine this with putting people first, you will be in very good shape for achieving your goals.
4) Lead By Example
Always ask others to do only as you do. Leaders who expect others to hold themselves to a higher standard are rarely successful. After all, who wants to listen to someone who can’t follow his or her own instructions.
Whether you realize it or not, you are likely already leading by example. The only question you need to ask is what example are you setting. If you are always stressed out, your people will be too. Similarly, if you neglect your responsibilities, don’t expect anyone else to be diligent.
5) Admit Mistakes
In a similar vein, it is important to admit to your mistakes. This sets a good example for your people and shows them that it is okay to be wrong sometimes.
This is especially important in a startup environment. Many small businesses are supposed to be innovative. It is hard to think outside the box if you are not willing to make mistakes. Some of the best inventions have come about due to trying something and failing. Be ready to admit your mistakes and others will also.
You have people on your team to support you and the business. Delegate to them. You likely aren’t hiring people to be worker drones. Instead, you are probably trying to find talented and motivated individuals. It is impossible to make your business a success all by yourself. Trust your people and delegate real responsibilities to them.
This is important for two reasons. First, delegating shows your people that you trust them and will give them interesting things to work on. Second, it offloads some of your work. That means you can focus on strategy and growing your business.
These guidelines will help you be a better leader of your new startup business. If you follow them carefully, you will be primed for success. Learn more about small business leadership and get working on growing your business.
Publish Date: February 1, 2020 12:37 AM