While most entrepreneurs turn out to be good leaders, a certain characteristics distinguish efficient leaders from other contemporaries in the entrepreneurship industry.
Workplace trends change with changing trends of the industry.
As businesses seek innovative solutions to a challenging economic environment, entrepreneurs are trying different approaches to increase productivity and encourage growth in their company.
The traditional leadership style of top down hierarchical management is slowly evolving into a collaborative approach.
While most entrepreneurs turn out to be good leaders, a certain characteristics distinguish efficient leaders from other contemporaries in the entrepreneurship industry. We tell you how.
1. Acknowledging mistakes
While most leaders do not find it easy or feasible to accept their mistakes, they who are extraordinary acknowledge their mistakes, owing to the fact that it’s totally humane to commit one. The fact that acknowledging one’s mistake in front of sub-ordinates wouldn’t mean you’re hiding your fault. On the contrary, it would showcase one of your demerits.
2. Apologizing without rethinking
Of ‘course if they acknowledge their fault, considering it to be humane, they apologize for it, without giving it a second thought. Not every time is the leader right. Especially when it comes to leading a newly launched business, there could be a number of areas where they could go wrong.
3. Analysis before action
It takes time to collect information and there’s nothing wrong with that. Effective leaders analyse a situation before jumping to a conclusion just like that. They collect 95% if not 100, before they make a decision, that’d affect the entire team.
4. Positives first, negatives later
An efficient leader knows that the team is there to use their experience and skills for the growth of the company, and their contribution is as valuable as his/hers, he/she never keeps an employee’s negative before the positive. They realize that we live in complex, competitive times and people are inundated with too many tasks, and not enough time.
5. Communication along with facilitation
They believe in demonstration rather than convincing. While common leaders want their whole team to work and contribute, effective leaders believe in demonstrating what he wants his team to do, rather than just doing the talking.
6. Create opportunities with change
An organization’s climate is defined by how the employees view its fundamental reason for being successful. Transition can be tricky, and good leaders know that it’s their duty to ensure that none of their team members feel uncomfortable or negatively affected by the change. They create better opportunities and working conditions with change.
7. Learn from real life situations
One of the greatest challenges an individual (irrespective of being a leader or not) faces, is that professionalism does not allow anything that’s personal, while at work. Well, effective leaders think a li’l differently. While the whole world believes in professionalism that has nothing personal in it, they believe in learning from every situation that takes place in their life- personal or professional. And because they encourage the same culture in the team, every team member is personally motivated to work.
