It is great to run your own business, to not have to answer to anyone but yourself, to be able to take your own decisions and all the perks that go with it. But running your own business is not easy; the whole business rides on you and in order to keep things going you have to fulfil many roles- a businessman, a financier, a QuickBooks bookkeeper and mostly importantly, a leader. When you are responsible for any number of people, you have to develop your leadership skills if you expect to keep your business on its feet. A leader motivates, inspires and challenges employees. Here are some skills you should develop to become an effective leader.
- Communicate Effectively– No matter what field you work in or what role you have, communication skills are vital. Communication involves not just presenting your ideas, but also listening to the opinions and ideas of others and providing adequate feedback. When you are able to present your thoughts and ideas properly, you motivate and inspire your employees. When you listen to them, you inspire confidence and loyalty. All of these are important to keep employees, from your security guard to your QuickBooks bookkeeper, vested in your company and happy.
- Delegate Work– You cannot run your business by yourself. You have to learn to let go eventually. As the business owner, it is your responsibility to identify potential leaders, train them and delegate work to them. This will free you to focus on other tasks and on the growth of your business.
- Accept Mistakes– Mistakes happen; they are an inevitable part of doing business. As a business owner, be ready to make mistakes and learn from them. For your employees, expect mistakes and guide them when they make mistakes, whether it is your CFO or QuickBooks bookkeeper. They probably feel horrible about it without you going on and on about it. Learn to deal with and learn from mistakes and failures.
- Be Willing to Learn– The ability to learn is an important one in leaders. Just because you reach the top of the ladder, doesn’t mean you know everything there is to know. Remember this and always be willing to learn; your employees will also respect you for this.