Great article on mistakes you can make as a leader by Bryan Miles for Entrepreneur.
When you’re founder, and have spent a ton of your time building your operations, it can be tempting to try to be the hero who does it all. But to keep your company growing, and keep your company’s culture and your own life healthy, you’ve got to be able to face your own limitations and recognize that you can’t do it all.
I’ve learned all these things myself as I’ve grown my leadership and my companies over the past several years, so I’m not telling you anything I haven’t learned myself.
Some of the biggest names in tech are coming to TNW Conference in Amsterdam this May.
If you’re still trying to be the hero of your business, here are the top three mistakes you’re making — and what you can do to keep from making them.
If you want to see some serious growth in your business, you’ve got to get out of your own way.
This was one of the first lessons I learned as we were starting our companies. The tighter I held onto aspects of my business, the more I stifled their growth. I had to have a serious conversation with myself and with my wife and co-founder about what we really wanted our businesses to be, and what we wanted our leadership to mean.
We determined that we wanted to own companies, not run companies, and that there would be a big difference between the two.
If I really wanted to do that, I had to empower the leaders I’d hired and delegate portions of my leadership to them. Once I got out of their and my way, my businesses and my leaders flourished at levels I hadn’t even dreamed of.
If you want to stay the hero, your business will stay small. If you want to be big, you’ve got to let everyone else be the hero and empower your team to help grow it.
All my businesses have been bootstrapped, and that was deliberate.
We knew we wanted to retain control and not accept any outside funding, and that meant money would be pretty tight in the early days. That meant we had to start small and be very strategic in the ways we hired.