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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