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Tips for entrepreneurs to improve leadership skills

Published Oct. 1, 2020

As an entrepreneur, it is important to be an effective, inspiring and well-respected leader in your business. 

 

Entrepreneurs must constantly improve on their leadership skills to ensure their business is run successfully.

 

We have prepared some useful tips to take your leadership game to the next level.

 

Lead by example and make your mission clear

 

Be the kind of leader you would follow yourself — set the tone and your employees will follow. If you want your employees to work hard, you have to work even harder. Leaders work harder than anyone else in the business. 

 

Don’t assume your employees understand your objectives. As part of your approach to leadership, ensure that you revisit the mission statement regularly to ensure that it’s correctly understood. It’s important to give clear direction to those who keep your machine running. 

 

Encourage your team members to act in accordance with the culture you want to characterise your business with.

 

Persevere

 

Leadership is based on the determination to achieve goals. Achieving a goal is the unit of measurement leaders work with, more than money, and this ultimately allows them to excel.

 

Be humble

 

There’s a difference between a leader and a boss. 

 

While both are in charge, a leader shares the spotlight and is comfortable crediting others. While it might seem counterintuitive, being humble takes more confidence than basking in glory. Your employees and clients will appreciate it.

 

One of the worst things you can do for your business is not to provide people with the credit they deserve. Good leaders always give credit to the people who helped them shine.

 

Assemble a committed team

 

Focus on building a team that is committed and possess the skills to be successful. Leaders must involve others in their viewpoint so as to pull together and define an effective strategy that will lead to success.

 

To ensure success, you need to be flexible and trust your team members as they define the function of things, influence the limitations or accomplishments they achieve. Smart leaders are able to motivate and turn their team’s personal and professional success into a driving force for growth.

 

Communicate well

 

Effective communication is crucial, both in the office and in life. 

 

Great leaders make sure they are heard and understood, but they also know the importance of listening. The ability to listen to employees at all levels helps create a culture of leadership and prevents the leader from getting isolated from their team. 

 

Solid communication with your team is essential, if the business wants to be successful. Being transparent is vital not to lose confidence.

 

Read our blog post about communicating well here.

 

Keep meetings productive

 

Time is money. Make sure your meetings and interactions are focused and productive, limiting time-wasting activities as much as possible. 

 

Trust your team to do their job, and there should be no need for micromanaging, so meetings can run swiftly. 

 

Read our blog post about managing your time well here.

 

Know your limits and identify your shortcomings

 

Every leader has limits. Set your boundaries and stick to them.

 

Furthermore, a thoughtful leader is someone who takes the time to identify his or her own shortcomings. If you reach the point where self-awareness is your strength, it means you are ready to go on a long-term leadership journey.

 

Be emotionally aware and real 

 

While many people advise keeping emotions separate from matters of business, business is ultimately about relationships between people. To make these relationships last, you need to be emotionally intelligent. 

 

Your employees are going to believe in you more when you are dependable and real. A true leader is able to empathise and understand other viewpoints. Try to learn from your employees’ areas of expertise and empower them to act like experts in their fields.

 

Avoid common leadership mistakes

 

Everyone makes mistakes, but some of them are avoidable. Being aware of common mistakes, while not fixating on them, can be the first step toward not repeating them.

 

Learn from the past and never stop improving 

 

The past is filled with examples of successful business models and spectacular business failures. Think about what the people you admire do well, and consider what went wrong for those who failed. Lessons can be found everywhere.

 

Great leaders are constantly learning and always working on improving themselves. There’s always something that you can work on or a new skill to master. Keep your mind open to new ideas and possibilities.

 

Finally, remember great leaders don’t tell people what to do—they show people how it’s done.

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