Our contributors share their thoughts and quotes that sum up what it was like to lead a small business or organization during a year unlike any other and how to continue that momentum into 2022.
Is it possible to be a leader in a world where workforces are becoming increasingly decentralized and business models have been rewritten by a global pandemic? Are the old axioms still valid? If not, what can we learn from the market to support any new consensus wisdom?
These are still open-ended questions. However, as the year draws to a close, we felt it prudent to share some salient points on modern leadership from one of the most trusted sources we could find: our Entrepreneur contributors.
Our staff chose tips from Entrepreneur.com profiles, think pieces, and profiles over the past 10+ months as part of a Best Advice Series.
We also included corresponding quotes to show what they are capable of delivering in terms of business management in 2022.
Many business owners, particularly those starting small, like to be closely involved in the day-to-day operations. This approach doesn’t work for scale. You should be able to trust your decisions and allow them to perform the task you have hired them to.
My experience is that the right people will reward you for your confidence and help you grow your business in ways you never expected.
You’ll also have a stronger relationship with your team members. Sean Brown, CEO, and founder of GO VC. “If you want to scale, give the people you hire freedom to succeed”
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Change is difficult, and you’ll find yourself repeating communications many times. This is something you should plan for in your communication strategy. Expect that things will get worse before getting better. It’s normal for things to go wrong, and it’s OK.
It is normal and expected. Expansion Group’s Founder and CEO, Katie Murphy, “How To Pull Off The Most Successful Reorganization Possible”
Today’s employees don’t need a paycheck. They must be motivated. “A paycheck is not enough for today’s employees. You have to make people feel valued and motivated.” Ann Mukherjee, Chairman, CEO of Pernod Ricard North America.
“During the pandemic children, pets, and
partners can interrupt our Zoom calls. It is okay to be interrupted daily by pandemics. As an interviewer and ambassador for your company, this is the number one thing you must do when interviewing candidates.
Do your best not to allow distractions to occur. From “Here’s the No. 1 Thing You Must Do When Interviewing Candidates” by Mita Mallick, head for inclusion, equity, and impact at Carta. The #1 Thing to Do When Interviewing Candidates.
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“The goal is to make the existing business as profitable, efficient, and big as possible in this segment. Then, in parallel, prepare the new world so that, in the next year’s period, someone else will be able to take over the business and take it to the next level.” — Adrian Hallmark from “CEO and chairman Adrian Hallmark Wants Bentley Motors To Be the Most Sustainable Luxury Automobile Manufacturer in the World.” He is on his way. ”
“What I have been focusing quite a bit on the last few months has been what I consider to be a really important foundational piece of work.
That is, to sharpen and define our values as an organization, to clearly identify the company we want to be, and to demonstrate the behaviors required to support it.
This is what we’re doing now to embed this in our organization so that we can all hold each other accountable. Evelyn Webster is SoulCycle CEO. “For SoulCycle CEO Evelyn Webster the Way Forward Is Through Accountability. Inclusivity. And Purpose.”
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“In my sport, people I could lose with — with whom I would be comfortable losing — were the ones I hired because they were who would provide me with the best support.
They took the losses very hard. Because you want them competitive, you want them taking them on. If they are people you would want to celebrate with when you lose, I think you will be able to do so with them.
Maria Sharapova is a professional tennis player who founded Sugarpova. Maria Sharapova’s winning secret: “I hired people I could lose with”
“I believe that you cannot be good at anything unless you are willing to fail. As I grew older, I have become more comfortable with not knowing the answers.
It’s a powerful tool for leadership to be able to say “I don’t have the answers.” I believe it’s a powerful tool for leaders to be able and comfortable with not knowing.
The worst leaders I have ever seen are those who are indignant and steadfast in their righteousness and are very concerned about their image.
So, I love saying “I don’t understand .'” Ryan Reynolds, actor, and co-founder at Maximum Effort. Ryan Reynolds: “Why Ryan Reynolds Says, “You can’t be good at something unless you’re willing to be bad”
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Execution should be the leader’s primary focus. Shoot first, aim later. This approach can lead to mistakes. However, if you learn from them, you can always correct them.
I want results. I focus on what works and discard what doesn’t. People are drawn to leaders who take bold, decisive decisions. “– Ross Franklin (CEO and founder of Pure Green) from “Master these 5 Leadership Skills to Increase your Results Tenfold”
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