Why Do Some Leaders Fail?

Why Do Some Leaders Fail?

Why Do Some Leaders Fail?

Why are some leaders more successful than others? Why is it that some leaders are able to reach the pinnacle of success, while others end up on the scrap heap of leaders gone wrong? There is no secret to success. Some people figure out leadership and others don’t. But why do some leaders fail? These are people that at some point were trusted enough to be put in a leadership position in the first place. Yet, they couldn’t find success in that role. Why not?

What led them to the path of failure?

They Can’t Build Relationships
The problem is, in many cases, people who have excelled at contributing to a company’s accomplishments and success are the ones who get promoted to leadership roles. However, being successful at completing tasks is not the same as being able to lead people. One of the biggest reasons leaders fail is that they do not know how to build and manage relationships. When a leader doesn’t have the emotional intelligence to create strong relationships, chances are they won’t be leaders for long. People don’t want to follow emotionally weak leaders. They don’t like them, they don’t trust them, and they don’t want to work for them.

They Can’t Build Teams
Much like building individual relationships, some leaders have a difficult time building teams. Even if a team is already in place, they don’t know how to lead them. The problem for bad leaders is that they aren’t really sure what a good team looks like. They end up building what they think is a strong team, but they have no idea how to manage it, or how to measure whether or not it’s successful.

They Can’t Adapt to Change
Leaders who end up failing don’t learn to adapt. It’s not that they can’t adapt. It’s that they choose not to adapt, because they don’t see a need for it. In fact, many startup companies fail because the people who lead them refuse to adapt when necessary. People who don’t adapt, rely on their past skills and experiences. They refuse to be flexible in their ways, or they choose not to adopt a new form of leadership style. They also choose not to learn new skills. All of these choices lead to failure. If a leader chooses not to be flexible, he or she is essentially choosing not to remain a leader. Because bad leaders don’t remain leaders for long.

You Have to Learn to Be a Leader
Becoming a great leader is not easy. It takes time and effort, and a willingness to be flexible. Great leaders build relationships. Then, from those relationships, they build effective teams and create other strong leaders. They learn to adapt to changes and they grow from experiences, both positive and negative. Leaders who fail never learn these skills, which is why they never become great leaders. A great leader realizes he or she is only as good as his or her team. So, if you want to become a successful leader, learn to build strong relationships and strong teams, and then learn to be flexible.

 

We hope you found this article about “Why Do Some Leaders Fail?” 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

Should the IRS File Your Taxes for You?

Imagine a world where you didn’t have to file your own taxes. Of course, you can use an experienced and professional tax and accounting firm like GROCO to do your taxes for you, but what if you didn’t even have to send your tax return information to an accountant? Could that ever really happen? In…

Unstable Stock Market Could Hurt State Tax Budgets

While many feel the wealthy should be paying more in taxes, the efforts to enforce this strategy does have some consequences for state budgets. Many of the country’s wealthiest individuals hold the majority of their wealth in stocks. That means when the stock market goes down, so do the tax payments of the wealthy. In…

Florida Looking to Lure More Wealthy Taxpayers

The reports regarding many of the nation’s wealthy packing up and moving to different states in order to avoid the high taxes where they currently reside continue to mount. According to one such report, David Tepper, the president of Appaloosa Management L.P., who is the wealthiest resident of New Jersey, is in fact no longer…

How Long Does it Really Take to Prepare Business Taxes?

How Long Does it Really Take to Prepare Business Taxes?

How Long Does it Really Take to Prepare Business Taxes? For most people, just hearing the words business taxes is enough to cause uneasy feelings, but for business owners the thought of doing their own business taxes can be a nightmare. Filing individual tax returns can be hard enough but the process gets even more…