September 9, 2020

10 Profitable Tips New Entrepreneurs Mostly Ignore

Original article was published by Ash Mufareh

How do you define a good leader? Studies show that qualities such as assertiveness, versatility, skill, and responsibility can make anyone a good leader. To be honest, being a good leader isn’t that easy. It requires hard work and a clear vision. Mr Ash Muferah, the founder of ONPASSIVE, believes that a clear vision and goal can take your small business to new heights.

Stepping into the business world requires enormous courage. If you have that strength, you are already successful. As a leader, you not only get the chance to positively influence your organization’s success, but also the people who work for you.

Here are some tips from our leaders to succeed in today’s hyper-competitive marketplace.

1: Great Conversations drive bottom-line impact

To be successful, you must continually learn new things and explore lucrative opportunities. Interacting productively with others creates environments where both leaders and teams are engaged and motivated. The quality of interactions influences how people feel about themselves, their leader, and the team. Besides, leaders must always be good listeners.

Excellent communication skills are crucial to becoming a strong leader. But, communication is not just about displaying what you want to happen, it’s also about being able to listen to others positively. A strong leader represents their ideas and strategies and truly accepts feedback with an open mind.

2: Be ready to accept the challenges

Influential leaders embrace the challenge of leadership. They recognize it is a way of life, not a box to check off on the top. Besides, influential leaders genuinely want to work with people and help their organizations flourish. And this may seem simple enough, but it is not always so straightforward. For this, you will need to put into practice superior interpersonal and social skills continually. Your job involves motivating, supporting, and eliminating obstacles coming on your way, encouraging employees to function their responsibilities effortlessly.

3: Avoid relying on quick fixes to tackle challenges

We understand that tackling challenges is imperative for achieving business success. However, great leaders don’t solely rely on quick fixes to overcome challenges. They put into practice approaches designed to facilitate productivity. Moreover, they always look for innovative ways to help employees improve their productivity.

To succeed in the long run, leaders must always be a life-long learner. Furthermore, also expose yourself to new ideas and discover what works for your organization.

4: Cultivate partnership with your employees

Along with focusing on your company’s growth, you must focus on your employees’ issues and help them grow. Successful entrepreneurs say that they have always cultivated partnerships with their employees to help them grow.

Always ensure to have two-way communication with your employees, and this helps in maximizing productivity.

Whenever feasible, give employees more responsibility in the partnership. Besides, regularly communicate with your employees, provide them with the support they need for success, and collaborate with them to make great things happen.

5: Trust is your most worthy asset

Triumphant leaders ensure to maintain open and honest communication with their employees. So, you must encourage employees to communicate constructively among them and with management regarding all issues. It improves two-way trust and builds an environment in which people feel empowered to speak out when challenged. By implementing these changes, employees can celebrate as a group when things are running well and feel confident to ask solutions when challenged.

6: Build diversity in your team

Diverse thoughts, strategies, techniques, and practices must always be welcomed in the group because they are the foundation for an organization’s growth and development. By building more diversity in the team, you can perceive challenges differently and come up with different solutions.

7: Have the courageous conversation

When dealing with an underperforming employee, leaders must have a conversation with both the employee and the manager. Also, you must make sure that the employee has the entire infrastructure supporting their task. What is more valuable is how you have a conversation with the employee and how you resolve problems in your organization.

8: Focus on enhancing the employee experience

It’s a leader’s efficiency to reframe focus on longer-term objectives. Besides, setting strategies developed by you, leaders must assist employees in doing more of what they do best. Also, leaders must help their employees improve areas of development. It eventually enhances workforce efficiency and productivity.

Give your employees feedback periodically. It is said that the more the leaders listen to their employees, the better the employee experience. Instead of pointing out employees’ mistakes, focus on explaining what happened.

Source: 10 Profitable Tips New Entrepreneurs Mostly Ignore