Move Up the Leadership Ranks by Avoiding These
5 Common Leadership Derailers
According to salary reports, the average Chief Executive Officer in the United States earns $775,866 per year. Not every leadership role pays that kind of money, but the premium wage earned by top executives reflects how important good leadership is to a successful business. If you are hoping to climb the ranks, Funel Business Management Group suggests avoiding these five common leadership derailers as a good place to start.
1. Lacking or Failing to Communicate a Clear Vision You have to know where you are going before you can get there. You also have to be able to effectively communicate that destination to your team. Explain your vision, including the reasons behind it, to your team and repeat it regularly. Provide your team with constructive feedback so that they know how successfully they are progressing toward their individual and team goals. 2. Not Being Open to Coaching Coaching is a process businesses use to help employees get from where they are at to where the business wants them to be. As a business leader, you will likely spend time coaching your team, but you also need to be open to receiving coaching yourself. Request feedback on your performance from both your leadership and your team. Actively listen to the feedback they give and take action on it. View feedback as an opportunity to improve, rather than criticism. You don't have to implement every suggestion, but you should be willing to objectively examine it and consider whether it makes sense to incorporate it. Being open to coaching can both improve your leadership ability and your relationships with your team and your supervisors. 3. Insufficient Commitment Leaders need to be dedicated to the mission of the company they work for. If you lack belief in the company or its objectives, you will have a difficult time motivating your employees. You are also more likely to get burnt out or discouraged when things don't go well. Fortunately, commitment isn't something that you either have or don't have. You can build commitment. Figure out what is most important to you and find ways that you can meet those needs through your work. 4. Ignoring Administrative Tasks Some leaders view administrative tasks as a hassle that keeps them from being able to take on the real work they are there to do. However, failing to properly handle these tasks can create legal problems and other issues. If these tasks are becoming overwhelming, consider delegating them to someone else. If you need to finalize your business formation, you can use an online service. Hire a payroll service to take care of paying your employees. Establish a relationship with a business attorney who can guide you through any legal issues you need to address. Engage a formation service to establish a Michigan corporation further legitimize your business and plan for growth. Work with a CPA to manage your finances. Consider hiring an office manager or administrative assistant to handle day-to-day tasks. 5. Trying Be Someone You Are Not If you have not yet built confidence in your own leadership ability, you may instead attempt to be the type of leader you think everyone else wants you to be. Remember that you are in your leadership role for a reason. Assess your strengths and weaknesses and build your own leadership style. Some people think great leaders are born, but the truth is that most are made. Wherever you are in your leadership journey, you can take steps to improve your leadership ability. |