Learning To Handle Shame And Failure Is An Important Entrepreneurial Skill

June 5, 2018 in Cultivate, Startups

You are making the biggest mistake if you think you must be a good enough CEO for your employees to give their best and build the company. Many successful entrepreneurs were not the ones who were admired and liked by their employees. Remember, it is never easy to get a group of people and make a band out of them. The toughest part of entrepreneurship is perhaps managing people than managing time, resources and business processes.

Learning To Handle Shame And Failure Is An Important Entrepreneurial Skill

Often if you had successfully retained a team for quite some time working together on a project, you have reasons to pat your back for doing a rare and wonderful job. Shame and failures are part and parcel of any big mission. Here is how you can successfully handle fears and failures without burning yourself in the process.

Learn to be critical of your own work. As a founder and CEO, you have a long journey ahead of you and you can always learn from shames and failures to become better and more successful. Understand your employees thoroughly so that you can put an engaging content in front of them. Nevertheless, if you are unable to please them, it is none of your faults. When the book you write is not something they wish to read, it neither means yours is a bad book nor can it suggest that they are bad readers.

Be open to every possibility in life. This openness will give you forgiveness. In turn, you also develop the freedom to move forth and give a try even if it means to fail once again. Develop the following two hopes to handle shame and failure in the right way.

Provided whatever you feel shameful about is not a malicious intention, you have no reasons to feel shameful. If you are a bit more patient and persistent, you will find your friends supporting you.

Accept the possibility that what you have created and what you intend to create must resonate with everyone. If one of your ex-employee says they hated working in your business, it is perfectly OK and it is neither your fault nor that of the one who says so.

Micromanaging Can Be a Sure Key To Success If Done Smartly

May 29, 2018 in Cultivate, Startups

Often the term ‘micromanagement’ has a negative connotation in the domain of leadership topics. We say a leader is micromanaging if they are found fussing over small details instead of having their eyes on the big picture. While this can be true in some cases, studies show that some effective leaders were in fact ‘micromanaging’ with their fingers checking the pulse of what is actually going on in their organization. Here are the ways to do micromanage your business in the right way and get the most out of it.

Micromanaging Can Be A Sure Key To Success If Done Smartly

Ensure you know what is happening
Trusting your employees is a good thing. Nevertheless, as a person in charge, you must really know what is happening under you. If this is not ensured, you are only putting yourself and your business at risk to state it plainly.

You must make your employees feel you trust them
If done rightly, micromanagement need not be something that will alarm your employees. Those leaders found to be micromanaging tend to lose the trust of their employees only when they fail to communicate their intentions to their employees rightly. Tell them you are not there to nitpick them. Also, make them know you have confidence in them that they can do their job well even without someone looking over their shoulders.

How micromanaging can help
Smart micromanaging can help your business grow immensely. When you have a thorough knowledge of what is happening under you, you will be better capacitated to delegate the tasks to the right people when you try out new ventures. The right way of micromanaging will let your workforce know that you are fully aware of the business’s comings and goings.

The far-reaching benefits of micromanagement are better time management, fixing problems when they are just starting, identifying well in time if a process is going bad, making employees feel a sense of ownership of their work, and making the leader an adept in delegating the tasks to the right people during the right time.

Entrepreneurship Is Not Just About Innovating

May 23, 2018 in Cultivate, Startups

Innovating is a great quality that every entrepreneur must possess for sure. The ability to innovate makes you unique and successful in your entrepreneurship mission. However, all innovators cannot just make a successful entrepreneur for the simple reason that entrepreneurship calls for a set of entirely different skills. Here is what we must reflect in these lines.

Entrepreneurship Is Not Just About Innovating

We often hear people saying that you need to be original and innovative to be a successful entrepreneur. While this statement makes a lot of good sense about entrepreneurship, we must not forget that entrepreneurs must also be able to make things happen. Some of the qualities that will help make things happen in the domain of entrepreneurship include focus, perseverance, flexibility, and diligence. Though the journey of an entrepreneur starts with an innovative idea, the entrepreneur must be able to take those ideas and make them impactful. To be successful, every entrepreneur must be willing to take challenges and adapt the plans to address the problems that might come on the way.

We see a lot of top innovators in every industry domain get hired by large companies. These people are also rewarded with fat paychecks to match their contribution to the firms they work for. Some other innovators are seen joining some startups and give their bit to the concern. Our study of the industry reveals that most innovators end up working for a company rather than turning to be successful entrepreneurs. This is because building a company calls for an entirely different set of skills than being able to invent some idea, thing or concept.

Academic grades can never take you an inch forward in your entrepreneurial mission. The qualities we must appreciate in entrepreneurs include resiliency, curiosity, resourcefulness, tenacity, passion for products and customers, pattern recognition and others. We must never forget that large technology startups were founded and built by a team that was led by an entrepreneur and not just an innovator.