A small business owner is like the captain of a ship. In fact, it is often them that is at the helm, directing the business through the storm. Of course, to be successful, such a leader needs many abilities and skills. In fact, you can find out about the most important ones in my post below.
A clear vision and a plan of how to get there
No matter how small your business starts, having a clear vision of where you want to end up is crucial for any leader. In fact, it is not just about having the imagination to be able to visible the heights you can reach. Its also about being able to plan how to get there as well!
Therefore, good leaders have a vision as well as a clear plan of how to get there. Of course, coming up with this type of business plan is often a lot harder than it first seems. After all, there are so many variables to deal with when running a business. In fact, it can often be challenging to get enough of a foothold to boost your business up to the next level.
Understanding of business management and leadership skills
Next, when it comes to things, business leaders need to succeed, having excellent management skill is among the most important. After all, if you cannot get your employees to work efficiently, you will only be storing problems up for later!
Of course, no one is born a good manager. In fact, there are a range of things you can do to develop this skill. Perhaps the most obvious is to treat others as you would yourself wish to be treated if you found yourself in that situation. After all, business leaders can all too quickly forget what it was like to be in a subordinate position.
Additionally, staying ahead of the latest research in this area and reading articles like this post on the 11 most important management theories for small business can help. The reason being that you will be able to understand how to come at a management problem, and choose the best approach for the success of your business.
Management training courses can help, as well. Especially if they focus on dealing with difficult people, which is almost an inevitability when you are running your own business. Courses that teach you how to have the more challenging conversations when leading a company are essential too.
The ability to separate work and your personal life
The phrase ‘it’s not personal, its business’ is one that all leaders should use as their mantra, in my opinion. This is because in a small business you can end up working with people of all types and at all levels. All of which you will need to be civil to, and work with, effectively.
However, too many leaders in this type of situation rely on being friends with their employees. Then end up using this as leverage to get them to do things. Of course, this nearly always has a limited range, and can actually make it very difficult for a leader to do their job correctly. After all, disciplining people that you spend a great deal of time communicating with and socially can be a challenge for even the best of us!
To that end, the best leaders can realize the wisdom of being friendly with, but not actively maintaining friendships with those under them. This can then help them to be much more objective and practical when it comes to making decisions. Something sure to benefit their business in the long term and help it succeed.
The ability to admit their mistakes
Guess what, just because it’s your name on the title deed, doesn’t mean that you aren’t capable of making mistakes! In fact, pretending that you are above errors, and not being able to ask for help or input when running a small business is a dangerous position to be in. This is because, for one, it does not endear you to your employees! In fact, it can make them much more likely to dwell on your mistakes when they do occur.
It also puts you in the position of heaping coals on your own head. After all, if you do not allow yourself to make mistakes, you can easily increase the pressure you feel to make a perfect decision every time. Something that is often not even possible!
Buckets of determination and resilience
If you are to be the most effective leader for your small business, you will need determination and resilience by the bucket load. This is for many reasons. The first is that it can certainly get pretty lonely at the front. The reason being that no one else will quite understand the pressures and sacrifices you are asking to keep your business afloat. It can also be hard to have the same relationship with employees as other workers have. This is because when it comes down to it, it is you that has to dole out the direction and correction.
Additionally, getting a business off the ground and to a place where it is successful tends to be a long and complicated process. In fact, because it is you that is leading it, there will be no one else to rely on or to shift the blame to when things go wrong either.
What that means is you will definitely need the determination and resistance to carry on when things go wrong. That is, to continue to find solutions, long after others would have given up. If you want to be the leader, your business needs to succeed, that is!
In summary, an excellent small business leader needs to be many things. They need to be resilient and determined, even when the chips are down, and things seem to be against them. An effective manager also needs a clear vision for their business, as well as a plan to get there.
Additionally, excellent leaders need to understand the best way to manage people to get the most out of them. They also need to realize that they can’t always be part of the team as they would like, as it is their place to lead from the front.
Finally, when it comes to being a good leader, the ability to see yourself as a real human being, capable of making mistakes is critical. In fact, the ability to recognize when you are making a mistake, and admit to it is vital. The reason for this is that by doing so, you will be less likely to let your own ego stand in the way of achieving the goals you have set out. Something that will help to propel it to the highest heights under your sage leadership and guidance.