The role of a leader in today’s workforce has only increased in significance when referring to a company’s overall success. The way that leaders carry themselves, both in and out of the office, can have a profound impact on its employees, making it important to understand leadership. With that in mind, let’s examine some of the most common mistakes that leaders make throughout their careers, and advice on how to avoid them.
Lack Of Direction
With entrepreneurship consistently bringing in new, innovative companies around the nation, the ability to lead the team through unknown territory is becoming more common. As such, leaders may find themselves without a solid direction to take. While it is not uncommon to face issues like this as a leader, it is important to ensure that you are providing a direction that will help achieve the company’s goals. Leaders who talk about their great ideas without implementing a strategy to achieve it will likely lose trust from employees.
When employees go above and beyond in their professional roles that help the company’s success as a whole, it is important to provide the proper recognition. The recognition could be for both large and small accomplishments and can help maintain a strong company culture. Leaders that do not provide proper recognition may find it harder to both connect with and keep employees without highlighting the incredible work that they have done for the company.
— Yuri Vanetik (@yurivanetik) May 27, 2019
Not Admitting When You Are Wrong
Because of leadership’s role in a company, it is not surprising to learn that many leaders have struggled with admitting when they are wrong. While it may seem like a sign of weakness to admit that you are wrong, evidence suggests that leaders who engage in this are more trustworthy in their employees’ eyes, as it reminds them that their leader is human, and makes mistakes like anyone else.
While there are many people that find that they do better work when they are closely managed, others look at micromanagement as a lack of trust in them. This is what makes it such a risky approach for leaders, as you do not want to give off the impression that you do not trust your employees, but also want to ensure that the work is meeting the standards of the company’s overall mission.
About The Author
Yuri Vanetik is an Entrepreneur, Private Investor, Coalition Builder, and Philanthropist in Orange County, California. He is the Managing Partner of Vanetik International, LLC, a management consulting firm which offers advisory services and strategic planning to businesses and industries. He is also the Managing Partner of Dominion Asset Management, a technology-driven opportunity real estate fund that invests in undervalued real estate throughout the United States. Yuri Vanetik brings over 20 years of professional experience in a variety of roles, and has been featured in notable publications, including the Wall Street Journal, California Business Journal, Bloomberg Law, and Forbes.