Leading is challenging enough without becoming your own worst enemy and having to deal with the potential negative fallout associated with the 10 common leadership mistakes listed below. Take a moment and ask yourself if you might fall prey to one or more of these mistakes. If so, identify some action steps that will help you avoid these potential pitfalls in the future.
During a recent executive coaching session the topic of employee turnover came up. My client shared what has been an ongoing problem in his company: losing star performers. Recognizing the tremendous expense associated with recruiting, hiring and training as well as losses in production and efficiency, he wanted to know what his company could do keep their best employees.
In addition to the obvious factors of competitive benefits and salaries, here are some of the key strategies to help you keep your best employees:
For years, I have been assisting men and women in their effort to clarify the purpose and direction they want for their lives. One of the tools I have encouraged them to use in this process is the Personal Mission Statement.
You have likely heard the widely-quoted statement that if you write down your goals you significantly improve your chances of accomplishing them. This principle reinforces the value of creating a written personal mission statement to help you become who you want to be and accomplish what you want to do.
Over the years, I have gathered information from many sources on creating a personal mission statement and want to share some of that information with you.
The challenge is to write your mission statement in such a way that it will be effective, so while there is no required format or formula, the following guidelines may be helpful:
I want to thank Brad Mishlove, CEO and founder of Catapult Groups, for providing our guest blog post for today. I’m confident you will find his insights to be very valuable in helping you move your business forward.
Live, Work, and Relate Well!
If you own a business, it’s time to take your blinders off so you can identify any problems that may be holding you and your business back.
As a business owner, one of the costliest mistakes you can make is not knowing your blind spots. You worked hard to grow your business, and you have faith in your product.
Surveys have shown that 75% of small business owners have an optimistic outlook toward their company’s future, but the numbers don’t bear out this enthusiasm. The truth is, 70% of small businesses will fail by the tenth year, with a full 20% failing within the first year.
What’s holding your business back?
Despite feeling optimistic in the beginning, these business owners failed to see where they were coming up short. Are you setting up roadblocks along your own path to business success? If you are guilty of any of the following, you may be:
1. Not paying attention to reviews
Ignoring customer feedback is a mistake your business can’t afford to make. The internet has made it easy for people to base their purchasing decisions upon the reviews of others. Your reviews build credibility for your business by showing consumers their money will be well-spent when they put their trust in you. Your reviews are your chance to show off your excellent customer service skills.
2. Not having a great team
Your team can make or break your business, so hiring is one area where you won’t want to cut any corners. The best
Behind every world-class athlete is a dedicated and committed coach. The same can be said for many of the top performing leaders, executives, professionals, directors, managers, pastors and entrepreneurs. If you are serious about achieving and accomplishing greater results and embracing all you are capable of becoming you will want to experience the proven power of executive coaching.
Generally speaking, those who take advantage of executive coaching are success minded, goal directed and performance driven. They may have already experienced an impressive amount of professional success in their life, but desire to maximize their potential even further by creating greater balance, clearer focus and a fresh perspective.
If an organization of any kind is going to function successfully, it needs both leadership and management. While some people use those terms interchangeably, they are, in fact, distinctly different and valuable functions in order to create an environment of productivity and performance.
Leaders, in the simplest terms, are people that other people follow. Think about someone who inspires you to want to participate in a cause, goal or vision. Who do you know that makes you say, “I want to be part of what he or she is doing?” Leaders cast the vision and move things and people forward.
While great leaders may motivate you to be part of something by stirring your desire to participate, they don’t always possess the organizational skills or attention to detail required to make the vision happen. A successful organization needs someone who can provide structure and efficient processes in order to accomplish the goal. Even lofty ideals need to be upheld by someone supervising workers who operate equipment, pay bills, coordinate supplies, help clients or customers and generally make sure the work is accomplished. Managers build teams and processes to ensure things are done right.
Occasionally you may encounter someone with both leadership and management skills, but it is uncommon to excel at both. In my role as a coach I have worked with people in executive positions who were frustrated and uncomfortable with their jobs and some had received negative feedback from their staff and/or superiors. In time, it can become apparent that the talented manager has been placed in a leader role, or vice versa.
One of your strongest allies in helping you make critical career decisions is being aware of your own personality, interests, skills and natural abilities. Are you a “big picture” person with a desire to share
If you have the responsibility of managing employees, you are well aware that their performance has a huge impact on your job satisfaction and on the success of your business or department. Good leadership and management requires a number of significant skills, but today I want to review one in particular: encouragement.
You may have completed years of college and training, and you may have learned many impressive skills in order to rise to the position you are in today, but sincere encouragement is one of the most powerful tools you can use to motivate people to work hard and develop loyalty.
If you’re not experiencing the success you desire in your career, what moves do you need to make in order to advance? Like the game of chess, progress toward success requires focused attention, strategy and practice.
Evaluate where you are now… and why. Have you made good or bad choices to get where you are? Are you close to your goal, but not quite there yet or are you way behind?
Decide what is working and what’s not. Are you doing the best with what you have or are you sabotaging yourself with a negative attitude, poor life choices, fear, or a victim mindset? Answering these questions takes courage, but honest answers and a firm grasp of reality are empowering.
You may have heard of The Peter Principle, which states that, “In a hierarchy, every employee tends to rise to his level of incompetence.” Laurence J. Peter, a Canadian scholar, author and lecturer (1910-1990) wrote a book with the same title expounding on his observations about how organizations work. In a nutshell he says if you are great at your job, you will likely be promoted to a management or leadership position with a different set of skills required and languish there with little chance for real success or job satisfaction.
Before you assume you are doomed to a lifetime of misery drowning in a job you’re not ready for, let’s look at how you can prepare for greater opportunity and success in a leadership role. Competent, respected leaders usually display the following qualities: