7 Common Leadership Mistakes Entrepreneurs Make And How To Fix Them
Being a leader means you have a lot of responsibility on your shoulders. Despite your best efforts and intentions, mistakes can happen, and when they do, it's important to deal with them in an open, professional manner. Here are some of the common mistakes people in leadership positions make.
1 Not Delegating
Some leaders don't delegate, because they feel that no-one apart from themselves can do key jobs properly. This results in a disgruntled and burned out leader and frustrated team members. Everyone wants to feel valuable to the team and when they're not getting any work assigned to them, they feel like there's no trust. As a leader, you should be able to trust your team members to carry out their responsibilities. Delegate tasks when neccessary so you can focus on the bigger picture.
2 Poor communication
It's easy to get so wrapped up in your workload that you don't make yourself available to your team. Nevertheless, you should make effort to get employees the information they need to do their jobs quickly and efficiently. Information enables everyone do their jobs correctly. The more complete and accurate the information that employees get from you, and the more quickly they get it, the better they'll perform.
3 Failing to praise and reward
There are many things that leaders can do to recognize employees that cost little or no money, are easy to implement, and take only a few minutes to accomplish. When you take time to recognize team achievements, it results in improved morale, performance, and loyalty. A quick thank you note or verbal appreciation could go a long way in improving your team's performance.
4 Assuming you're always right
A dangerous trap many leaders fall into is thinking their decisions and opinions are always right. Your team will function better if you're open to suggestions from everyone. Encourage your team to curate and originate ideas. Listen critically to what your employees are saying and accept that your way is not always the right way.
Everyone offers opinions, but some opinions matter more than others. Ignoring the advice of established entrepreneurs, or not seeking their advice at all, puts you at a competitive disadvantage. Building up a support system of mentors creates a place to vent, bounce ideas and learn vicariously.
5 Not setting boundaries
You want the people on your team to see you as friendly and approachable, but sometimes, people may be tempted to take advantage of your relationship with them. Also, it may be difficult to make tough decisions concerning your team if you're too friendly with the people on it. It's okay to socialise, but you need to find the right balance between being the boss and being a friend.
6 No defined goals
As a leader, you not only need to know why you're doing what you're doing and you have to be able to effectively communicate this goal to your team members. Your employees can't be productive if they do not know what they're working for, or what their work means. Setting goals with employees allows them to prioritize their workload effectively. This is a key aspect for any leader.
7 Hurrying recruitment
It's tempting to hire the first potential candidate as soon as your budget allows for it. However, filling a vacant role too quickly can be a disastrous mistake. Hurrying recruitment can lead to hiring the wrong people for your team: uncooperative, unproductive and inefficient people. When it comes to recruiting, it's best to take your time and go slowly. The important thing is that you have the best team to execute your business.
It's true that making a mistake can be a great learning opportunity. But, taking the time to recognize and avoid common mistakes can help you become more productive and successful, and highly respected by your team.steps to improve your leadership level and become a better leader starting today.