How to Avoid Some of the Most Common Leadership Mistakes

shutterstock_1022439985

How to Avoid Some of the Most Common Leadership Mistakes

Congratulations, you’re a leader. That’s a commendable accomplishment. So how are your leadership skills coming along? Are you helping your team members work at their highest levels and achieve their greatest success? Are you helping your company experience growth and achieve its goals? As a leader your team and your company look to you for guidance, and well, leadership.

Being a leader is more than just telling people what to do. As a leader, you help your company plan, develop, and manage its goals. You’re also responsible to empower your team members and give them opportunities to grow and innovate. If you’re doing your job as a leader the right way, then chances are you’re already practicing these skills: clear communication, confident delegation, and positive team investing.

No One Is Perfect

On the other hand, we all make mistakes, even the best leaders. What about you? Are you making some of the most common leadership mistakes? And if so, how can you change them?

Micromanaging–

This is one of the worst mistakes leaders make. Trying to micromanage everything your team does will kill your growth. You have to learn to give assignments and then allow your team members the ability to succeed or fail. This is how they will grow and learn to achieve more.

It’s important to learn each team member’s strengths and weaknesses then set him or her up for success by assigning tasks they will excel at. Don’t put undue pressure on your team by micromanaging their every move. This will lead to a lack of trust and ultimately an unhealthy work environment.

Wanting to Be Liked by Everyone–

We all want to be liked. Obviously, it feels much better to be liked than loathed. While it’s important that your team members respect you, the fact is it’s not your job to be liked. You do need to earn your team’s respect, but that doesn’t mean they have to like you, or at least not everything about you.

If you fall into this trap it can hurt your ability to lead and slow your company’s progress. That doesn’t mean you should try to be a “boss.” But rather, you should focus on doing your job well and on helping your team be successful.

Hiring the Wrong Person–

As a leader you will often have to make the final decision on whom to hire. Hiring the right people for the job is obviously critical to the success of a company, as well as your success as a leader. However, sometimes, for whatever reason, you might hire the wrong person for a particular job.

If you make this mistake, you have to recognize it, admit it, and then correct it. In order to help avoid making this mistake in the first place, ask yourself if the person will be successful, or what will they need to be successful? It might help to ask how much of my time am I able to give to help them get better?

 

We hope you found this article about “How to Avoid Some of the Most Common Leadership Mistakes” helpful.  If you have questions or need expert tax or family office advice that’s refreshingly objective (we never sell investments), please contact us or visit our Family office page  or our website at www.GROCO.com.  Unfortunately, we no longer give advice to other tax professionals gratis.

To receive our free newsletter, contact us here.

Subscribe to our YouTube Channel for more updates.

Alan Olsen, CPA

Alan Olsen, is the Host of the American Dreams Show and the Managing Partner of GROCO.com.  GROCO is a premier family office and tax advisory firm located in the San Francisco Bay area serving clients all over the world.

Alan L. Olsen, CPA, Wikipedia Bio

 

 

GROCO.com is a proud sponsor of The American Dreams Show.

 

American-Dreams-Show-Accounting-firm-in-ca-cpa-tax-advisors-groco-alan-olsen

The American Dreams show was the brainchild of Alan Olsen, CPA, MBA. It was originally created to fill a specific need; often inexperienced entrepreneurs lacked basic information about raising capital and how to successfully start a business.

Alan sincerely wanted to respond to the many requests from aspiring entrepreneurs asking for the information and introductions they needed. But he had to find a way to help in which his venture capital clients and friends would not mind.

The American Dreams show became the solution, first as a radio show and now with YouTube videos as well. Always respectful of interview guest’s time, he’s able to give access to individuals information and inspiration previously inaccessible to the first-time entrepreneurs who need it most.

They can listen to venture capitalists and successful business people explain first-hand, how they got to where they are, how to start a company, how to overcome challenges, how they see the future evolving, opportunities, work-life balance and so much more..

American Dreams discusses many topics from some of the world’s most successful individuals about their secrets to life’s success. Topics from guest have included:

Creating purpose in life / Building a foundation for their life / Solving problems / Finding fulfillment through philanthropy and service / Becoming self-reliant / Enhancing effective leadership / Balancing family and work…

Untitled_Artwork copy 4

MyPaths.com (Also sponsored by GROCO) provides free access to content and world-class entrepreneurs, influencers and thought leaders’ personal success stories. To help you find your path in life to true, sustainable success & happiness.  It’s mission statement:

In an increasingly complex and difficult world, we hope to help you find your personal path in life and build a strong foundation by learning how others found success and happiness. True and sustainable success and happiness are different for each one of us but possible, often despite significant challenges.

Our mission at MyPaths.com is to provide resources and firsthand accounts of how others found their paths in life, so you can do the same.

Posted in
Ready for Taxes After Marriage? Here’s What You Need to Know

Ready for Taxes After Marriage? Here’s What You Need to Know

Ready for Taxes After Marriage? Here’s What You Need to Know The 2018 tax season is officially over. Most Americans are happy to have their tax returns in the rearview mirror. After all, nobody really enjoys doing taxes. Why is that? For the most part, it’s because doing taxes is such a complicated, frustrating experience…

Are Millennials Changing How We See Leadership?

Are Millennials Changing How We See Leadership?

Are Millennials Changing How We See Leadership? Within just a few years from now, Millennials will actually become the largest employee demographic in the workforce. That means ready or not, Millennials are coming to an office near you. It also means they will soon be taking on more leadership roles. In fact, they have already…

Tips for Avoiding Wire Fraud in Your Next Real Estate Transaction

Tips for Avoiding Wire Fraud in Your Next Real Estate Transaction It is a buyer’s worst nightmare, and it could happen to almost anyone. The wire over a significant amount of money to an account as part of settlement on a real estate transaction. Hours or perhaps a day or two later, they realize that…

Will the IRS Stop States From Avoiding Tax Deduction Caps?

Will the IRS Stop States From Avoiding Tax Deduction Caps?

Will the IRS Stop States From Avoiding Tax Deduction Caps? By far, one of the most controversial aspects of the new Tax Cut and Jobs Act (TCJA) has been the reduction in the state and local income tax deduction. This has long been an important deduction for many people. Being able to deduct your state…