When you decide to become an entrepreneur, you quickly recognize that starting your own business means assuming a leadership role. You know that your vision can’t be realized without you taking the reins and steering your business in the direction you want it to go.
True leadership does not come naturally to everyone, and even for those that it does, leadership development should be an ongoing process. To be successful in our businesses, we should always be striving to improve, especially in our role as leaders.
Answering five key questions will help you develop a leadership mindset for your business. Having a good idea of where your strengths and weaknesses are will help you identify areas to focus on improving.
- What do you envision for your business?
Ask yourself a few questions. How far do you want to grow and expand your business? Will it require you to take on extra team members? Will it require you to expand your networking reach? Looking ahead and planning for future growth will help provide a foundation to build upon.
- Where do you want to spend your time?
Let’s face it, at some point you are not going to be able to do it all. If you want to build a profitable business that can sustain itself, you are going to have to delegate tasks. You can’t do it all on your own. Know what you are good at and which activities give you energy. This is where you should be spending your time. Preparing early for this inevitability of needing help will allow you to explore your options before you because overwhelmed.
- Who do you want to be?
Are you happy running your business alone? Do you want to be an employer? If bringing help into your business is part of your plan, consider what your management style is and where you might fall short. Focus on how you can strengthen those areas so that you can be more effective when the time comes.
Perhaps forming a collaborative partnership with another entrepreneur is better suited for you and your business? Begin networking and gathering references for potential partners. Finding the right partnership will help prevent burnout so you can focus on the parts of your business that you love most. Passion is important. It’s the driving force behind your business.
- Do you consider yourself a leader?
You are a leader; not just in your business, but at home too. You should be the one setting the tone for your life and your work. The skills you use to manage your home can often be just as effective when translated to business. Coming up with a set of strategies that you can use in both business and personal situations, can help create efficiency and save you time and energy.
- Who do you need to become?
Think of yourself differently. Once you know what you want to achieve, then you need to decide what kind of person you need to be to lead that business and life. It’s the magic of self-fulfilling prophecy. Manifest yourself into a strong leader. Capitalize on opportunities and be proactive in finding resources that will transform you into the successful business leader you want to be.
Remember to embrace the process. Business is ever-evolving and we must evolve with it or be left behind. Leadership is an organic consequence of entrepreneurship. Embrace being a leader. As you learn and grow you can pass that knowledge to others. Your lessons and successes can empower and inspire other entrepreneurs.
Empowered Leadership helps businesses find freedom through business coaching, executive coaching, assessments, and training. Stacie is an entrepreneur who helps business leaders balance their time to run an effective business and enjoy their life.