Leadership Tips for Virgin Entrepreneurs

Leadership Tips for Virgin Entrepreneurs

You need more than just the desire to start a business; it takes a tremendous amount of time, effort and skill to create and sustain one. Entrepreneurs can sometimes be overwhelmed by their vision and plans, without considering how you intend to steer the ship. 

If you are a rookie in handling a company, learning some core leadership skills will help you carry your company to success. As you are the captain of the ship, the decision-maker, and the leader of your company, understanding your capability to lead your team will help you drive your company to greatness. 

CREATE A LOYAL AND PROACTIVE TEAM

In your first year in business, finding reliable, trustworthy people can be challenging. Sometimes, all you have is your instinct on whether the people you are working with will help the company thrive. If your employees are loyal and proactive, they can generate terrific ideas on improving the quality of your products and customer service. It creates a psychological domino effect because when the customers see that the employees are loyal to the company, it can give them the sense that they can trust the business.

COMMUNICATION IS ALWAYS THE KEY

One of the critical factors in making the workplace more effective is communication between the team. As the leader of your company, you are entrusted with creating effective communication. Let your team understand the value of connections among other team members. If there is proper communication, the flow of ideas will be continuous, and there will be fewer unhealthy arguments in between. In addition, allowing your team to express their views will also encourage them to help create plans and visions that will benefit the company.

MAKE YOUR COMPANY GOALS CRYSTAL CLEAR 

Aside from effective communication, you should also clearly emphasise the mission and goals of your company. The whole team should have one single understanding of where you want your company to be in the coming years. In addition, you should also create crystal-clear plans on how to achieve the goal for them to visualise what they should be doing to help obtain it.

IDENTIFY WHAT CHALLENGES MAY ARISE

As a leader, you need to be the first to identify the problems or crises your company is facing or will face in the future. By recognising these problems, you will find better solutions on how to address them. Furthermore, if you can figure out your company’s issues, it is easier to relay them to your employees. They can help you solve or find alternative solutions to problems.

TRUST YOUR TEAM TO DELIVER

During the first year of your business, it is understandable if you prefer to be hands-on and want to do everything by yourself. However, you need to remember that you have a team to help you do the job. You hired your team for a specific purpose, and as their leader, it is your job to oversee if they are doing it correctly. You need to trust your employees that they can complete their tasks correctly. By letting them do their job independently, you are also helping them grow in their field of expertise. 

GIVE AFFIRMATION AND SHOW APPRECIATION

Most employees take pride in their job, and giving them affirmation and appreciation will help boost their confidence. The more confident they are with their work, the easier it is for you to trust that they can deliver what you ask. Aside from that, it will also create a healthy environment in the workplace as they will be valued and appreciated.

CREATE CONTINGENCY PLANS

In business, you can expect that there will be drastic changes and sudden turnarounds. As the leader of your company, you have the power to create contingency plans. You need to remember that it will not always be rainbows in business, so having a backup plan will help you adjust if things don’t go your way. Also, by creating a contingency plan, you can protect your employees as well.

We know that the initial years of business can be pretty tough. It would be best if you analyse everything to make sure that the operations are moving smoothly. However, you need to remember you have a team of worthy individuals that can help you continue your business. For everything to go well, the right leadership skills should first be developed. 

Remember, employees don’t just resign in search of a better salary. Some leave the company due a perceived toxic environment, while some feel undervalued. Make sure you can give them the environment they need and let them feel valued and appreciated under your care.

About Sam P

EnterpriseZone Staff Writer

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