Personality should not affect operations
May 31, 2012
Because small business owners are typically passionate about their company, they can sometimes let emotions get in the way of productivity. Though this isn't always a bad thing, and can actually help catalyze operations and ensure a positive bottom line in accounting software, a leader's feelings and ego can adversely affect other aspects of the company.
Share the spotlight
Owners should be very skilled at delegating responsibilities to ensure they are not taking on too many obligations, which can often lead to missed cues in the big picture of the business.
Entrepreneur Magazine said that recognizing the work done by other members of staff can often result in higher levels of confidence for all and cause an increase in productivity. Andrew Carnegie used to attribute his own accomplishments to his peers, the source explained, which helped lift his personal brand.
Difference between ego and confidence
Business owners must be confident both in their abilities as leaders and their company's success. "I think that the leader, instead of having ego, he needs to have the confidence to do his job. But leave the ego at the door and support the people in that organization and give them the tools and the environment for them to be successful," Sea Smoke Vineyards CEO Bob Davids told Money News.
Entrepreneur reported a healthy ego and confidence can produce successes for a business when they go hand-in-hand, however, it is not good for an owner to let their ego continue to grow once their firm has achieved notoriety in the sector.
Reality gap exists
A recent report from British group the Chartered Institute of Personnel and Development found that a quarter of business leaders fail to recognize when they are wrong. This can lead to an exaggerated sense of their personal skills and abilities, the study said, which can adversely affect management.
"If one member of the team is difficult to work with, the effects can be devastating to productivity," the manager of a British human resources firm explained. Poor attitudes often affect members of a business under the leader. Additionally, the CIPD study noted, leaders cannot let their emotions affect their ability to communicate with workers. When owners are unaware that staff members are frustrated, stressed out and facing challenges, the problems may go unreported and adversely affect productivity.