Leading a business is one of the most rewarding challenges many people will undertake. Good business leadership requires a combination of education and instinct. Business leaders at all experience levels are well-served by remembering five essential tactics for business stewardship.
1. Do not get stuck behind a desk
Many business leaders get bogged down in the details of correspondence, financial reports and other desk work. Of course, good executives take care of these duties. They also spend time with employees and customers to get a multifaceted view of operations. All leaders should stay in touch with the individuals who keep a business afloat.
2. Engage employees in business planning
The individuals who do mundane business tasks on a daily basis often have a good grasp of what works and what does not work in a given business. Ask employees to contribute to business building and planning activities. Invite them to occasional planning meetings. Employees may offer innovative ideas. Even if they do not, employee morale will be greatly improved.
3. Read leadership literature sparingly
Some executives become obsessed with reading a variety of books and articles on leadership. While some leadership advice is good, too much leadership advice can be counterproductive. Executives must choose a leadership style and practice it consistently. Too much variation is seen as weakness by both customers and employees.
4. Keep a business diary
It is easy to dwell on failures and forget successes. Cataloging business successes is a good way to find motivation in rough times. Keeping a daily business diary can help any executive retrace the steps that led to a failure. It can also help leaders retrace the path that led to outstanding business success.
5. Solicit candid evaluations of leadership practices
Most employers evaluate their employees on a regular basis. Performance evaluations are nerve-wracking for employees. Receiving a performance evaluation can be a humbling and useful experience for many business executives. Leadership boards of large organizations often evaluate executives. They look at the bottom-line and identify specific successes and failures. Employee-generated evaluations can help any executive understand what leadership strengths and weaknesses contributed to those successes and failures.
Successful business leaders are not afraid to change. They can adapt to difficult work situations and economic climates. Their endurance comes from carefully cultivating leadership practices. Steering a business is a life-long learning opportunity. Business leaders who practice humility and mindfulness often find the long-term success that others will never achieve.
SimplifyThis is an online invoicing and appointment scheduling tool that helps solopreneurs and small business owners simplify administrative tasks. Follow us on Facebook.