As is the case with management styles, there is a spectrum of different leadership styles that business owners can adopt. They can range from democratic (people-oriented) to more directive (task oriented) approaches.
The reality is that styles of leadership depend on your personality and circumstances.
And, while it is is useful to know about different approaches to leadership, the ultimate goal is to be able to be flexible enough to be able to adapt your style to suit different situations.
One of the things that defines a successful entrepreneur is when they come to understand that business success is not a one person show. Beyond the initial start-up phase, business growth is ‘all about people’ and how you influence them.
Consequently once a business is well established with a strong foundation, the focus for business coaching becomes about the business owner's leadership. This is where they can have most impact because if they improve the business owner's leadership, it will positively affect the business.
Your leadership style shapes the culture of the business and determines how motivated and loyal your staff will be.
Of all the different leadership styles that have been identified by academics, those that are more people-oriented will inspire greater loyalty for your business.
Using the DISC assessment tool we can gain some insights into the kind of boss you are and what your strengths and weaknesses might be as a leader
All business owners need to know how to develop leadership skills because nobody is born a perfect leader and most people make mistakes along the way. These are the four key skills to focus on developing
Academics and psychologists have come up with numerous theories to describe effective leadership but which, if any, are of any relevance to the world of small business.
Confidence is an important characteristic for effective leaders that allows them to adopt more productive perspectives on their role.
It costs nothing to give positive feedback and encouragement to your staff and it as a significant impact.
Business owners have to wear many hats and two of the most
important roles they perform are as a manager and a leader. But what makes them different.
Social and emotional skills are fundamental to a business owners leadership capability and the good news is, it can be improved and developed.
Ideally small business owners should only be hiring people who are self motivated but sometimes the way the business is being run can cause staff to become demotivated.