Every entrepreneur, at some point or another, would wish to go back in time and fix a certain mistake. Most of these mistakes were either caused by lack of knowledge or failing to abide by the right action. At times like this, the following list of reminders will come in most handy.
According to Gordon Tredgold | Founder and CEO, Leadership Principles, a key thing to remember is that “a leader's role is to increase both the effectiveness and the efficiency of the company teams to drive improvements. But adding unnecessary bureaucracy, holding long, boring meetings - especially those that could be replaced by an email - or requesting reams and reams of reports that no one is going to read doesn't fall into this category.”
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Conversation can hold aloft the sails of a ship, but unnecessary meetings, time-consuming boardroom sessions cannot, especially when they occur on an all-too-frequent basis.
According to an article on Inc, “Micro-management is a productivity killer. Not only that, but once you create a reputation for it, people will be reluctant to come and work for you, and many of your existing staff will look to leave.”
While every institution requires the voice of experience to lead and the words of knowledge to guide, it becomes extremely unpleasant when that person tries to micro-manage every little aspect of work and its delivery.
Learn to keep your distance, but never be too far that you cannot see what’s going on. Keep yourself updated with performances and metrics but keep yourself from becoming a tyrant sheep herder.
Hiring is tricky business, and a poor hire is ten times worse than an empty chair. An empty chair, you see, will never try to mess up something on its own; hence, it will not add to or create any form of confusion. However, if you hire the wrong person to occupy that chair, he or she will indeed wreak havoc and make bad situations worse.
Take hiring seriously. Don’t wait for time and a poor performance chart to remind you of that.
If you think sparing the rod is spoiling the employee, you are in for a rude shock. Whenever starting something new, the novelty of the task may (or may not) lead one to a mistake. This should be dealt differently by the employer than a recurring mistake. If the latter can be attributed to an employee’s negligence, it calls for a reprimand or stricter actions. If you treat both behaviours with either the same degree of severity or irrelevance, your actions will be altogether wrong.
The phrase ‘work-life balance’ has become too commonplace and popular for people to try to understand it for themselves. It is not a sanction that needs to be forced down the throats of people. It’s a much simpler concept. All it means is that people should not be required to spend so much time at work that forget all about life. It means that work is not one’s life, only a part of it.