Tuesday, September 1, 2015

Leadership guide for startup entrepreneurs



If you are looking to become an entrepreneur and run a startup, you need to have be an effective leader. You should have basic understanding of leadership qualities and make them effective in running your startup.
As an entrepreneur, you are going to face different kind of tricky situations every now and then. In such situations, your leadership quality will be your asset. At times you will have to motivate your workforce to deliver results in tough deadlines, at times you will have to control over your resources, at times you will have to convince your subordinates, and in such situations, your leadership skills will guide you to success. You must have clear vision about your startup, its goal and objectives and your priorities. Any lack of vision or priority will be going to affect the success of your startup.

You must have the following skills that will establish your leadership and help your startup grow.

Skill #1 – The ability to develop a compelling vision
People don’t always get behind leaders, but they almost always respond to compelling, disruptive visions that have the power to transform common personal and business processes.
So if you don’t embody the stereotypical “leader” role – don’t worry.  You can still grow a startup based on the strength of your vision.  And if you do think of yourself as a good leader, it’s important to keep in mind that it isn’t necessarily you personally that people are responding to – it’s likely your ideas that keep your followers on your side.

Skill #2 – The ability to clearly recognize your company’s strengths and weaknesses

Good leaders, on the other hand, spend time carefully assessing the strengths and weaknesses of their leadership styles, the companies they manage and the teams they lead.  By knowing where the company and its resources are strongest, they’re able to plan strategic moves that capitalize on their unique combination of advantages.  And by being able to isolate weaknesses, they’re able to address deficiencies that would otherwise prevent the company from moving forward.

Skill #3 – The ability to “get the right people on the bus”
The smartest leaders recognize that they alone can’t solve all of the world’s problems (or even all of the issues confronting their singular startup companies).  That’s why they make it a priority to bring on team members that fill in their weaker areas.

Skill #4 – The ability to adapt based on feedback


In my opinion, one of the worst things you can do in business is to assume that you’re always right.  Real leaders know that input from employees, customers and other business contacts is always valuable – even if it isn’t always acted upon.  So if you aren’t currently encouraging and embracing this type of feedback in your startup, make it a priority to start doing so today.  You never know what ideas will come up if you’re simply open to them!

Skill #5 – The ability to execute
As your startup’s leader, it’s up to you to put the focus on execution when necessary.  Lastly, keep in mind that if you can’t execute, it doesn’t matter how strong your vision is, how good your team is or how open to feedback you are.  You have to be actively delivering your product or service for your company to be successful!

No matter what kind of leader you are or want to be, improving these particular skills will go a long way towards making your startup successful.

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