One Secret To Entrepreneurial Success: Episode 3


One thing I’ve learned over the years is that you can’t build an effective entrepreneurship without being an effective leader. To be successful as an entrepreneur requires that you build your leadership skills.

In my last episode about entrepreneurial success, I talked about how you can look for opportunities to build these skills through education via books, seminars, conferences, peer groups, mastermind groups and similar experiences.

But, there are some basics to being an effective business leader. As a leader who learned in the “School of Hard Knocks” over the years, I believe that it’s extremely important for you to do the following 8 things:

  1. Create a vision, mission and values for your organization. Then train your team on them, why they’re important, and how they will help your organization achieve your desired outcomes.
  2. Treat people with dignity, kindness, and enable them to grow as individuals and professionals.
  3. Provide professional training for your employees. Offer them ways to think outside the box.
  4. Enable and empower your team. Provide instruction, but give them the freedom to do the day-to-day work that needs to be done.
  5. Address your employees’ errors while working to keep their dignity intact. We all make errors and can learn from them.
  6. Recognize the good work your employees do so they feel valued and know they are contributing to something meaningful. Show your appreciation for them publicly.
  7. Create a compensation or incentive plan that allows your team members to reach their highest heights, and award them handsomely for doing so. Most of us respond to positive reinforcement, and this will further your efforts to obtain positive results for your business.
  8. Lead by example rather than “barking” orders. When you treat people with dignity, you’ll lead with dignity. Be kind. We’re all in this together. When you do this, you’re far more likely to be the leader that you must be to grow your entrepreneurship.

I’d love to hear your feedback and ideas. Feel free to contact us.

 

In the meantime, we’re sponsoring an event where you can learn more about being an effective leader.

On Thursday, September 26th, two world-renown leadership experts will tell you the secrets to leadership success: Dr. Jeb S. Hurley, DBA and Scott Jeffrey Miller.

Join us for this amazing event. Every attendee will receive a copy of Scott Miller’s book Management Mess to Leadership Success: Become the Leader You Would Follow.

Where: SLCC Miller Campus Entrepreneurial Center 

When: September 26th / 8am – 10:30am

Reserve Your Seat Here.

Light breakfast will be served.