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The Power of Proper Leadership

Leadership-300x200There are many different aspects to running a business. Each one is incredibly important, and without them your business will struggle to stay afloat. Leadership is one of those key aspects. Without a strong leader, your employees won’t understand which direction the company is heading, and they will feel as though they are simply working to collect a paycheck. So how does leadership grow a business? And how do you know if you are a good leader? Your accountant and payroll expert in Billings, Montana explains the details.

 

 

Leadership Defines Importance

Brian Mulroney, the former Prime Minister of Canada, once said, “If everything is important, then nothing is.” Those words ring true in our personal and our professional lives.

For instance, let’s suppose you have a list of chores that need done. That list is a mile long and everything needs to be done. Many people will just start tackling them. Some will start with the easiest first; some with the hardest first. Some will start at the top of the list; others will start in the middle. Everything needs to get done; it is important that everything gets done, but nothing is more important than another. Now suppose you add to the list that you need to remove a tree that is within minutes of falling onto your house. Suddenly there is one aspect that is much more important than the others.

A good leader will be able to define importance; even when there is no clear set of what is more important. A good leader will be able to take that list of chores, and give each one a ranking of importance so that they all get done on time.

Leadership Defines Goals

Without a goal, how will you know when you have arrived? Before you even begin with your business, you need to be able to define your goal and where you would like to be at various intervals. One year from now, where do you want your business to be? 3 years? 10 years?

Defining your goals will give you a clear idea of where you and your company are heading. It will help you know what needs to be done, and it will help give importance to some of those other chores.

The role of a leader is to set those goals, but the leader also needs to be able to help get the company to those goals.

Leadership Develops Strategy

You have your goals; you have a daily list of chores; now you need to know your strategy and how to make everything work together in order to meet your goals.

Strategy is the hardest part of leadership. It involves taking risks, making sure everything is working together, and ensuring that everyone is on the same page.

The strategist helps to instill a sense of worth into employees. Those employees no longer show up so they can collect a paycheck, but rather so they can help the company hit those goals. An employee that has a good leader understands the importance of the strategy that is needed to hit those goals. It is no longer about the paycheck, but rather about the overall good of the company.

How Will You Improve as a Leader?

The hard part is knowing HOW to improve as a leader. We know what a leader is, but how do we get there. There are three steps:

  1. Write it all out. Write your goals and your strategy.
  2. Delegate tasks to your employees. Make certain employees the “go-to” for specific problems.
  3. Lead by example. Show your employees how to do their job instead of telling them.

Take some time today to grow yourself as a leader, and then you can help grow your company through strong leadership.

Practical Taxes Can Help

Here at Practical Taxes, we specialize in business consulting. We know that running a business is hard, and we can help you along the way. Whether you need consulting, payroll services, tax preparation, or more, we can handle your needs. Give us a call at 406-894-2050.