There are more and more businesses being set up in the UAE. It is important to understand certain business-related things for leaders that will help them in running a successful business.
Here we have listed down four common mistakes that start-up, as well as experienced leaders, make and how to avoid them;
Poor communication: This is the most common leadership blunder. Try to have an open communication method with your employees or juniors. Sometimes, in large scale companies, leaders generally don’t explain things in a detailed manner and tend to have shorter conversations, as a result, their juniors misunderstand things landing up in worse consequences. So, it’s better to explain things clearly to avoid unnecessary troubles.
Solely focusing on the big picture without considering the small picture: Some leaders focus on the big picture that is, the overall strategy without considering the small picture that is, the core day-to-day operations. It is good to plan your overall strategy that may aim to reap out maximum profits and customer satisfaction but what most of the leaders forget is that the day-to-day operations require the strong focus as well in order to achieve the overall goals. So, it is essential to plan the day-to-day operations well while not ignoring the overall strategy.
Stopping to try too early: Most of the leaders give up too early after few years of hard work that does not pay off but leaders must understand that just chasing your passion will not make you successful overnight, there is a lot of patience and persistence required. If Thomas Edison, America’s greatest inventor and the businessman had given up after 1000 unsuccessful attempts at inventing the light bulb, we would be still living in darkness. When a reporter asked, “How did it feel to fail 1000 times?” Edison answered, “I didn’t fail 1000 times. The light bulb was an invention with 1000 steps.”
Neglecting the importance of training, motivation and rewarding: The three most important steps for every employee is the training, motivation and reward programs. Regular training is crucial not only for the employees but also for the organization itself in terms of work, leadership, operations, productivity, time-management, etc. Some training related to work-related tactics is available for free while for others you can form business relationships with the prestigious training companies in the region.
Motivation is the most necessary tactic in business yet is neglected by most of the leaders. You must continually motivate employees whether it’s your team or someone lowest on the chain trying to complete a challenging task. Research shows that by motivating employees and providing job satisfaction, work productivity boosts to a great level.
Lastly, rewarding your employees can also prove to be the best tactic for both ensuring job satisfaction for your employees as well as boosting productivity but unfortunately, leaders forget this tactic. If an employee excels, small bonuses can be provided which will undoubtedly motivate employees to deliver quality work consistently.