As a business owner, you have to wear many hats and fulfill multiple roles within your company. Even if you have many employees, chances are you’ll need to fill in various roles at different points within your journey, and there are many plates you’ll need to keep spinning.
One of the most important ‘hats’ you’ll wear as a business owner is that of leader- to successfully manage a company you need to be able to manage people well and confidently lead them to victory. But this isn’t a skill that every entrepreneur has, in fact, your leadership skills might be outright awful and seriously require you to look into some management courses. Here are a few signs that you need to make a change, and what to do about them.
1.You don’t know how to delegate
Constantly stretching yourself too thin where you’re trying to do everything? Maybe you have it in your head that to get the job done right, you need to do it yourself. This is the wrong way to think, and as time goes on and your company gets bigger, there’s simply no time to be able to do everything yourself.
Leadership and management courses can walk you through exactly what you need to do; as a leader when you delegate certain tasks to others, you become free to focus on higher-value activities and use your time more productively. This allows you to focus your time on other tasks that only you are able to perform.
2. You’re constantly micromanaging
There’s no point delegating tasks to others if you’re then going to micromanage, breathe down their neck and watch them every move. As a leader and business owner, it’s important that you hire staff you can trust, so you can allow them to get on with the tasks you’ve set them. Not only is micromanaging bad for your own mental health (as you feel pressure for everyone else to get it right), but also that of your employees.
No one does their best work when they’re under constant stress. Giving your workers space to get their tasks done shows that you trust and respect them, two things that can go a long way in business. If you’re struggling with this, something like the Diploma of Leadership & Management course could be useful for you as it covers things like understanding leadership skills and improving critical personnel skills- two things that you may need to work on.
3. You’re too stern
Research has shown time and time again that a stern boss doesn’t equate to more productive staff. In fact, it can have the opposite effect. Stress and anxiety will cause people’s work to suffer, not improve. As a boss, it’s so important to have empathy and humility. The relationship with your staff is something that works both ways, they benefit you by doing their work and you benefit them by paying them and providing financial security. There needs to be mutual respect and understanding.
4. You’re too quick to compromise
On the other hand, you don’t want to be too much of a pushover either. A stern boss isn’t a good boss, but someone who’s too wishy washy and compromises too easily isn’t a favourable leader. One thing you’ll find if you study leadership and management courses is that it’s all about balance.
You want your employees to respect you without being afraid of you. You don’t want to be known as a leader who never compromises or sees things from others perspective, but you don’t want to be walked over either. Management courses, along with experience in dealing with people over time can both help you to perfect this balance.
5. You don’t have enough education
Having the right education puts you in control. There’s no need for guessing and trial and error, you don’t put your venture at risk of silly mistakes and you don’t upset your team where things aren’t being dealt with properly. A course like Careers in Management – Certificate IV Leadership and Management is something that would suit just about every business owner and allow you to improve and get better at leading your team. Even if you already run a successful business you shouldn’t just rest on your laurels. Keep on learning in all areas.