Three Actions Every Business Owner Must Take To Be Successful
As someone who’s just starting up their business you need to know exactly what’s needed from you to ensure that your business is chugging along at a good growth speed. But as someone new into the environment, it can be a bit overwhelming sometimes and you can feel a little out of your comfort zone.
Here are some of the main areas business owners fall victim to.
- Asking for advice, you have to mean it!
When you bring others into the decision-making process, you’re gaining more of an understanding of what others think about a particular decision. It helps improve the quality of decisions and it motivates others and makes them feel as though they’re part of the business.
But you have to mean it when you’re asking for other people’s opinions and advice, because if you don’t show any real interest, then why should they? This also applies when you put out a hollow call for ideas when the people you’re asking know that the decision has already been made.
This deception wastes people’s time and has a massive impact on trust. When employees realise their opinion doesn’t really matter, they are more likely to lose faith in their bosses, doubt their motives and begin questioning why they want to even be there.
- When you reach a decision, keep it
Once a decision has been made, as the leader it’s up to you to stand by them, even when they’re unpopular. The initial starting up period can be a minefield of disagreements, setbacks and anxiety, but when you retreat from a decision it not only weakens the action, it diminishes your credibility.
This can be especially challenging for entrepreneurs or small business owners who are just getting their business up and running. You have to be calm and consistent when you’re approaching a decision and consider all of the positives and negatives. Any promises you make you should keep, because it shows your team that you can be trusted to follow them through.
If new information comes to light, decisions can always be revisited – not from worry and second thoughts, but as a result of balanced leadership and good listening.
- When you pledge action, do it
If a decision is made then action must soon follow, the sooner the better. When you hesitate, tension mounts. People will start wondering and worrying if the resources allocated to the project were enough or about the general viability of the plan. This will all of a sudden impact the momentum meaning people will begin to worry.
As the leader you should openly communicate your intentions with others. When you announce a new decision, you have to ensure that you include it into a timeline for implementation and stick to those dates. It’s all good talking the talk, but you have to be able to walk the walk as well.