Recession, fraudulent partnerships or unstable economic conditions are a few events that can put your entrepreneurial abilities to the test and threaten the very survival of your business. Most of the experts believe that leadership is more about behaviour than about specific skills or abilities. Therefore, the behaviour of the leadership has a critical role in the success of the business especially during such troubled times.
Getting started as a first-time entrepreneur is not an easy task so you must be very careful while responding to any stressful situation and try not to let common hurdles get in the way of your success. The following post explains the common mistakes that entrepreneurs generally make and how one can avoid them.
Mistake 1: You fret about everything!
It may be your behaviour that you worry about every minute thing in your life but bear in mind it is not a likeable attribute. Being a leader, you must not fret about everything or voicing your concerns. All of this shows that you either lack confidence or are trying to cook up excuses for any possible upcoming failure. Employees and team members always appreciate a leader who can sort out work related issues and not amplify them.
Mistake 2: You take employees for granted
If you hire people just because you think they can do the job, they will only work for money. However, if you hire people who believe in your cause and have the same passion as you, they will work with you to be a part of your success. Hiring the right people for your business is important and supporting them and appreciating them in their quest to help you succeed is even more important.
Good leaders never forget to appreciate their team as opposed to making them feel as though they are the least important part of the organization. Leadership is all about finding the positives for employee development as well as for the growth of the business. Employees feel happier and motivated when they are appreciated and when leaders celebrate their little wins.
Mistake 3: You imitate others
You might have seen a few entrepreneurs/leaders who are always trying to find out what their competitors are up to so that they can copy them and follow their example. It is not the right way to run an organization, retail or wholesale business. Being a true leader, an entrepreneur must understand that customers value uniqueness and copying business ideas and strategies of others can never help you to elevate your business.
Mistake 4: You fail to manage things
For managers, keeping deadlines in mind and working accordingly is important but doing things haphazardly is akin to setting yourself up for trouble. Being a leader, when you make mistakes, it costs you both time and money. Working with associates and committing mistakes affects your productivity and lowers the morale of employees. It also shatters your image as a good leader. Learn to manage your work by setting priorities.
Mistake 5: You multitask
As a multitasking manager, if you are using multitasking as an excuse for missing deadlines or compromised quality of work then you are setting a bad example for your subordinates. Focusing too much on multitasking while overlooking the quality of work makes your associates think that you are only concerned about the volume and not about the quality. Do not forget that poor quality can be the kiss of death for any business.
You cannot avoid making mistakes. However, you must make each of your mistakes a learning opportunity. Taking time to recognize, learn, and avoid mistakes can help you become a successful leader of your team.
Julie Robert is a B2B wholesale trade and B2B marketing expert at Wholesale Pages. She writes frequently on the topics related to UK Wholesalers and Wholesale Supplies.
Image Credit: Shutterstock.comSubscribe to the Podcast