Connect with us

Business

Does Your Leadership Style Impact the Kind of Business Owner You Are?

Published

on

What kind of business owner are you?

Over the last 16 years I have worked with a variety of business owners and recognise the impact that the style of leadership has on a business. So, if I was to ask you how you manage your business which of the few that I have illustrated below would apply to you?

Hover

You recruit people to do a job, and want to tell them how to do it. Although the person may have many years of experience and are quite able to organise themself you feel as though you have to tell them how to do their job, and even go behind them and change what they have already done.

If you fall into this category, you may want to consider whether this the best use of your time? Any concerns that you have about your team members’ abilities to do their job may be due to wanting certainty, or are showing you that you need to change your recruitment strategy. Either way your business is prone to suffer because it is unlikely to be operating efficiently.

Disorganised

You have piles of unopened business correspondence around your workspace, and when team members ask for documents you do not know where to start looking for them, but you “know” that they must be in a pile somewhere. Even worse, you do not acknowledge having received the information and ignore the request so that you can do other things.

If this sounds familiar the first step in making improvements is to acknowledge that this is how you used to operate, and then make a firm decision to get organised. If it is too painful to sort through all of the piles yourself get someone in to do the organising for you. Remember, you have to let them get on with their job and create a simple but effective system for you to use to stay on top of correspondence and action points. Then, stick to it!

Head in sand

Issues are not being addressed in a timely manner, and your team keep asking you to make decisions, but why can’t they see that you have other things to do and just get on with it?

Does this sound familiar? The point is that sometimes as the business owner your team do need you to make the “big” decisions, and if key strategic business decisions need to be made, or external authorities addressed your team may not have all of the answers to remedy the situation.

I remember one business owner who had called me in to review their collection process, I designed a process and supporting document for them to implement and needed their feedback on whether they were happy to proceed. It was when I pressed the issue and could highlight the cost of not making a timely decision the they eventually realised the impact that the delay had had on the company’s cashflow.

Resistant to take advice

You have hired experienced individuals to be on your team, but the advice that they are giving you means that you have to change the way that you have always done things, and you are not sure how this will impact your business. So, regardless of how many times they repeat the same advice you continue as usual.

The fact that you have hired “experts” in their field into your business suggests that you are aware that some things need to change. So, although it may be painful, and even stressful to embrace change if the long term impact is beneficial to both you and the business you can either feel the pain now, and embrace the advice given, or feel it later, when the outcome may be far more painful.

Appreciate the ability of others

When recruiting you know what you are looking for in a team member and let them get on and do their job. In your mind they are the expert in their area, so you can rely on them to deliver and you will focus on doing what you do best. If issues arise you know that they will get dealt with, or you will be informed when you need to get involved.

Although you appreciate your team you still have your eye on the ball, and know what is going on in the business, and where any potential issues may arise. You trust your team to have the well-being of the business as a priority, and in turn acknowledge them for what they do. This is a healthy approach to building a loyal team who feel responsible and valued. In companies where this level of autonomy is practiced, assuming that the “right” people have been recruited in the first place, staff turnover tends to be lower and team members feel like family. People stay with the organisation for more than the monthly paycheck.

Dynamic

You are passionate about what you do, and once you get an idea you want to run with it immediately. Your expectations are that your team will get on board and will make things happen.

Have I caught your attention? Are you already thinking about the next initiative that you are going to drive forward? Hold on, have you got all of the feedback to see how the last initiative has performed? Great if you have, and well done for your innovation. This approach works well if you have total commitment from your team, as they will either love the pace and intensity of your drive or will start to experience burn out just trying to keep up.

~~~~~~~~~

Once you have been in business for a number of years unless you have a process of continuous review and refresh you might identify with the following:

  • Are you so busy in the business that you have forgotten why you went into business in the first place?
  • Do those reasons still stand true?
  • Do you enjoy life, and does the business satisfy your four primary requirements for health, business, relationships and leisure?

Most of us go into business because we believe that we have something special to offer, and want to offer it in our own way. We have visions of how the business will operate and grow, and expect that it will give us a good, if not great, quality of life. This reality, especially in the early stages of starting a business is considerably different for the majority.

Where are you on your business journey, and what help do you need to fulfil your ultimate business mission?

 

I help entrepreneurs become go-to in their industry. And, I like helping the next one in line. You can follow my journey on my blog, http://rc112.com

Business

What is the zerobank and what it offers?

Published

on

Blossoming of the cryptocurrency as well as blockchain technology has motivated the pioneers of the present world. The technologies of today have brought about the opening of locked doors as well as it has led to the creation of new currencies. Even though the cryptocurrency has a huge impact on the global economy yet it is not recognized as “money”. It will take some time for the new market to get stabilize and the pioneers to figure out the way to compete with deep-rooted fiat currency. However, still the world economy is functioning by a legacy system of 164 authorized national currencies and the problem of exchanging these currencies persist till now.

What is Zerobank?

It is an innovative money exchange platform allowing the customers to make non-commercial transactions globally and also it launches its initial coin offering to the participants. This platform makes use of the smart contracts as well as blockchain technologies and aims to remove the traditional remittance as well as exchange systems.

It helps in peer to peer sharing of the economy and here, the earned money from the centralized organization goes back to the community. In addition to blockchain technology, this project makes use of the shared economy model. This model maximizes the benefits for the user who uses this system by cutting down all the intermediary costs from Money transfer organization and current banking. Zerobank offers an opportunity to its participants to become an agent as well as earn the extra money by bringing up the valuable services to the people around them.

ICO information-

The total number of security token issued is 1,600,000,000 ZB and the number of security token available for the sale is 640,000,000 ZB. The amount of this target sale is about 48 M dollars and the pre-ICO bonus offered will be 15%.

If you want to know further about the token sale then visits its official link. Zerobank has a team of the experienced IT members, the senior executive in top money exchange/ transfer, banking as well as financial service organization. Kai yee goh is the CEO who is also a senior executive in the transfast, united financial group, Harte-Hanks, PayPal and Western Union. Also, bao ly CTO, who is expert IT architect in financial and banking services, is present in the team. He has extensive work experience in consultancy as well as an architect as his work in the BNP Paribas Fortis, HSBC and AXA.

Other team members of the zerobank are also well-known individuals; the team of zerobank is working to disrupt the present exchange and money transfer services available worldwide. Hurry up and make use of this amazing platform today. Becoming the part of this platform you can gain various benefits and get solution to the traditional banking problems. If you are a tour guide, salesman, or student and searching for the job opportunity then this platform are made for you. Become the agent of zerobank today. Before using this platform makes sure you read its terms of use and policy.

Continue Reading

Business

Diamond Power Infrastructure on a transformational spree with Digital India program

Published

on

By

India, being one of the fastest growing economies in the world, is witnessing a digital revolution. PM Narendra Modi has trotted out numerous programs to promote Digital India, ensuring digital inclusion across the country. On this note, Amit Bhatnagar Diamond Power MD, has digitally-empowered his company, in the field of manufacturing power transmission equipment.

Diamond Power Infrastructure Ltd, also known as Dicabs, was the first Indian company to manufacture alloy conductors and proto-test HSHC (High Strength and High Conductivity) conductors. Today, Dicabs is the only company in India, which holds a BIS mark certification for alloy conductors.  It also complies with the ISI quality standards for manufacturing all types of conductors.

The Vadodara- based company has also established India’s headmost ‘continual horizontal lead extrusion facility’, along with the ‘aluminum corrugation facility’ for cables (66KV). Dicabs is also ranked at the fifth position in the world, for manufacturing extra high-voltage cables up to 550 KV.

The homegrown companies are getting new opportunities to grow, as the Centre has reduced imports in the segment. India is on a transformational spree, and will become a hub for technology and innovations in the coming years. The initiative has already received pledges from Diamond Power Infrastructure Ltd and other corporate ventures, with investments worth Rs 4.5 lakh crore. This figure is expected to surge as the ‘Make in India’ campaign gains momentum.

Amit Bhatnagar Diamond Power

Amit Bhatnagar believes that quality and technology go hand in hand. Being a technocrat, he has always supported technology by reining on state-of-the-art technology for all business operations.

His ability to sense, envision and adapt to change pertaining to technology has been the company’s key growth driver, since the initial years. “With India progressing on the path of innovation and technology, Dicabs would unremittingly partner its journey towards successful frontiers. Simultaneously, we would continue to adapt to as well as lead the change through proactive investments in technology,” says Amit Bhatnagar.

Continue Reading

Business

Diamond Power Infrastructure on a transformational spree with Digital India program

Published

on

By

amit bhatnagar diamond power

India, being one of the fastest growing economies in the world, is witnessing a digital revolution. PM Narendra Modi has trotted out numerous programs to promote Digital India, ensuring digital inclusion across the country. On this note, Amit Bhatnagar Diamond Power MD, has digitally-empowered his company, in the field of manufacturing power transmission equipment.

Diamond Power Infrastructure Ltd, also known as Dicabs, was the first Indian company to manufacture alloy conductors and proto-test HSHC (High Strength and High Conductivity) conductors. Today, Dicabs is the only company in India, which holds a BIS mark certification for alloy conductors.  It also complies with the ISI quality standards for manufacturing all types of conductors.

The Vadodara- based company has also established India’s headmost ‘continual horizontal lead extrusion facility’, along with the ‘aluminum corrugation facility’ for cables (66KV). Dicabs is also ranked at the fifth position in the world, for manufacturing extra high-voltage cables up to 550 KV.

The homegrown companies are getting new opportunities to grow, as the Centre has reduced imports in the segment. India is on a transformational spree, and will become a hub for technology and innovations in the coming years. The initiative has already received pledges from Diamond Power Infrastructure Ltd and other corporate ventures, with investments worth Rs 4.5 lakh crore. This figure is expected to surge as the ‘Make in India’ campaign gains momentum.

Amit Bhatnagar Diamond Power

Amit Bhatnagar believes that quality and technology go hand in hand. Being a technocrat, he has always supported technology by reining on state-of-the-art technology for all business operations.

His ability to sense, envision and adapt to change pertaining to technology has been the company’s key growth driver, since the initial years. “With India progressing on the path of innovation and technology, Dicabs would unremittingly partner its journey towards successful frontiers. Simultaneously, we would continue to adapt to as well as lead the change through proactive investments in technology,” says Amit Bhatnagar.

Continue Reading
Advertisement

Facebook

Advertisement

NEWSLETTER

Advertisement

Trending