Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Practical Insight
THE NEWSLETTER OF CALIBER LEADERSHIP SYSTEMS JANUARY 2014
Quick Tips
Are you thinking of undertaking a
l...
when they aren’t. Don’t tolerate anything but
what you know will meet the needs of the
business and the achievement of you...
Upcoming SlideShare
Loading in …5
×

The Entrepreneurial Personality: Are you in the way of the growth of your business?

770 views

Published on

Many entrepreneurs and growth-oriented leaders excel during the start up phase of the organization or during a high growth phase. Growth signifies challenge, giving form to the business entity and hiring people who are equally self-motivated and self-directed to keep things moving. While these periods feel chaotic to others who don’t share the entrepreneur or growth oriented leaders hunger for excitement, they gets to do what they love, the way they want to do it, without restrictions. They can, to others, appear to be adrenaline junkies, hooked on the thrill of mastering their environment, closing the deal, and growing the business. 
 

Published in: Business
  • Be the first to comment

The Entrepreneurial Personality: Are you in the way of the growth of your business?

  1. 1. Practical Insight THE NEWSLETTER OF CALIBER LEADERSHIP SYSTEMS JANUARY 2014 Quick Tips Are you thinking of undertaking a leadership development program? Here are some quick tips to help you make the right decisions.  Ensure there is an assessment element to the program to build self-awareness as the critical first step.  Ensure that the managers of program participants are en- gaged as well as contributing to the learning  Incorporate how the brain learns and how emotions facili- tate the learning process in your approach  There are many models of lead- ership. Ensure that the one in your program matches the stra- tegic goals of your organization.  For learning to become a habit, a mechanism to support the transfer and repetition of effec- tive practices is needed. Con- sider using coaches or mentors to provide this focus. We carefully tailor all our programs and services to your organization & encourage you to call us to discuss your needs. www.caliberleadership.com hhilliard@caliberleadership.com 416.406.3939 The Entrepreneurial Personality Are you in the way of the growth of your business? Many entrepreneurs and growth-oriented leaders excel during the start up phase of the or- ganization or during a high growth phase. Growth signifies challenge, giving form to the business entity and hiring people who are equally self-motivated and self-directed to keep things moving. While these periods feel chaotic to others who don’t share the entrepreneur or growth oriented leaders hunger for excitement, they gets to do what they love, the way they want to do it, without restrictions. They can, to others, appear to be adrenaline junkies, hooked on the thrill of mastering their environment, closing the deal, and growing the busi- ness. Alas, no business stays the same for long and these people can become deflated once the company is established or the growth spurt has peaked. The work habits that made the com- pany get to where it is no longer work but have become the cultural norm. The growth ori- ented leader or entrepreneur keeps doing what they love to do rather than taking a step back and seeing what the business and employees need or what the business might need to get it to the next stage. By nature, the entrepreneurial personality that doesn’t like the limitations put on them by professional business practices has to put them in their own company or run the risk of stopping their own growth and that of the business. This keeps things chaotic and static for longer than they should. The way the entrepreneur leads can be overwhelming to employees who don’t share the en- trepreneur’s hunger for excitement and growth. The main characteristics of the entrepreneu- rial personality that build successful enterprises can ultimately create dysfunctional busi- nesses. Inadvertently, their tendencies often lead to power struggles and duplication of efforts across their organization, and, ultimately, a negative impact on bottom line results. Usually entrepreneurs and growth oriented leaders don’t realize that they are getting in the way of the growth of their business. They continue to work their own agenda, satisfying their own needs at the expense of their employees. They acquire another business without the ap- propriate infrastructure or take on a large account without adequately staffing up. When employees complain or leave, the put the blame on others, or throw Band-Aid solutions at systemic problems and demotivate their employees by not dealing with the real issues. Here are some things that you can do, as an entrepreneurial or change-oriented leader, to keep your business growing. RECOGNIZE THE NEEDS OF THE BUSINESS ARE DIFFERENT AT DIFFERENT STAGES OF GROWTH A business is a dynamic growing entity that has different needs at different times. Leading during the first stage is different that the professional type of leadership required as the busi- ness grows and stabilizes. Become aware of the stage your business is at and lead based on what the business needs. If you don’t want to lead, get clear on that and hire in someone to take over the people leadership role. CREATE A COMPELLING, CLEAR VISION FOR THE FUTURE Having a picture of where the business is going and what it will look like when you get there is critical to your success. Make sure your vision is communicated and understood by every- one in the business so that employee efforts and behaviors are aligned. Do something about it
  2. 2. when they aren’t. Don’t tolerate anything but what you know will meet the needs of the business and the achievement of your vision. HAVE UPDATED STRATEGIC & TAC- TICAL PLANS Leadership and planning in start-up busi- nesses tend to be casual and reactive. This needs to change once the business grows to the next stage. You need to spell out how you are going to achieve your vision. Defining the strategy helps but doesn’t ensure that your employees know exactly what they need to do to make sure their performance is aligned. Once you have created your plans, you have to pay attention to them. Discipline and con- sistency are critical to achieving your desired outcomes. Too often entrepreneurs and growth-oriented leaders just keep moving and forget to keep planning and staying account- able to the plan. INVEST IN YOUR BUSINESS One of the biggest mistakes entrepreneurs make is not thinking about what the business needs to take it to the next level. They fail to include the development of the business infra- structure because they don’t want to become hierarchical or “traditional” in their approach. This can leave the business floundering at the same level instead of putting in the organiza- tional scaffolding required for growth. You can’t do everything the same and grow at the same time. Even modest success can over- whelm you unless you build the necessary systems, structures, and business disciplines to support your business’ growth. It takes more than raw talent to take your business to the next level. INVEST IN YOURSELF Entrepreneurs can forget about their own need for growth, instead focusing all of their attention on what the business and employees need. To go from entrepreneur to a business leader, you need to become aware of your behavior, build self-awareness and give up the often chaotic, seat-of-the-pants behaviors that worked for the start-up phase of the business. This helps you to know when you are the obstacle that is getting in the way of the growth of your business. Understanding your fears and working to break through personal barriers by challenging self-limiting beliefs and behaviours will help you achieve both personal and business success. INVEST IN YOUR EMPLOYEES Motivating, coaching and managing your staff is probably one of your toughest challenges. Without your patience, persistence and “people skills”, your problems can multiply quickly. Morale, productivity, and employee confidence can easily be destroyed causing employees to leave and eroding the founda- tion of the business. Let us help you move your business to the next level. Contact us to find out more about our services that are uniquely for entrepreneurs and growth- oriented leaders. Caliber Services Our services come under familiar head- ings; however, it is our unique approach to these services that create powerful or- ganizations.  Leadership Development and Change - How will your company create last- ing change? By focusing on the unique position of leaders and their ability to impact culture and perform- ance, you can ensure your organiza- tion is set up for success.  Performance Alignment and Rewards - Are your employees aligned with your company's vision? By aligning performance to the company vision, you create a more powerful organiza- tion. Caliber will help you build a sys- tem that sustains a performance cul- ture.  Culture Assessment and Develop- ment - How will your company re- main competitive in the long-term? What internal processes are helping or hindering your company's success? By assessing and developing individuals, teams and your company culture to support your company's goals, you will create a more powerful organization.  Strategic Talent and Succession Man- agement - How will your company realize its vision? Will you have the benchstrength required to lead your company in the future? Caliber has years of experience building simple and effective strategic talent and suc- cession management processes. The Caliber Team Caliber is a collection of globally experi- enced business people with a reputation for creating powerful organizations. We have created a uniquely effective consult- ing approach by building a highly collabo- rative team with complementary skills. When you engage Caliber you are not re- lying on the insight of one key individual - you are accessing the combined knowl- edge, experience and application of our entire team. Contact us to find out how you can develop to your full leadership potential and exercise your authentic power. 416.406.3939 www.caliberleadership.com CALIBER LEADERSHIP SYSTEMS JANUARY 2014 Page 2 Leadership & Team Development | Strategy Facilitation | Cultural Transitions Entrepreneurial Potential | Leadership Systems | Behavioural Change Strategic Talent Management | Performance & Rewards | Succession & Selection

×