WCWB Blog

May 26, 2023

BUSINESS OWNERS BECOME LEADERS

Whether you consider yourself a leader or not, the moment you choose to be an entrepreneur, you take on the role of a leader.

Whether you consider yourself a leader or not, the moment you choose to be an entrepreneur, you take on the role of a leader. You are choosing to pursue a journey that will require a career-long commitment to learning and personal development. Even with no employees, you are directing all operations and expanding your network. You are doing something many other individuals have not felt capable of. You have already removed yourself from the category of “follower.” A leader has many components and various definitions, however, all effective leadership requires personal growth, effective directing, the respect of others to create successful businesses.

Leaders are INFLUENCERS

Leaders encompass the ability to lead others around them, to guide individuals, and to organize teams. They are able to motivate, encourage, and see the big picture to develop regular goals for the company. Leaders are able to inspire others to believe in their vision and support their mission. This is where investors and stakeholders see potential and put their time, money, and resources into the vision. Leaders see the strengths in others and help them grow in them. Just like they set goals for themselves, they also set goals for their partners and staff.

Leaders are COMMANDERS

Leaders gain a respected level of authority and are seen as mentors. Due to their knowledge and passion, they are trusted to provide solid direction and planning. They are expected to know their craft well and to recognize potential problems or threats. Leaders make hard decisions when needed and take the responsibility when those decisions have negative impacts. They also make sure to be prepared for any outcomes with other planned options to fall back on. Leaders have to problem-solve regularly in order to keep things moving towards their goals.

Leaders are COLLABORATORS

Leaders should know that they must rely on others from time-to time to reach their goals. Leaders know how to collaborate with others who have knowledge and skill they may not already possess. Leaders form teams to speed up processes, but also to collaborate with each other so nothing is missed. Brainstorming with a team is a wise way to problem-solve and to create new opportunities. All business owners must learn to network to grow their businesses. All entrepreneurs require consumers to make a profit, which means consumers are also part of that collaboration process. There are various ways consumers can be involved.

Leadership is learned. It is a transformation process that takes time and experience. It requires a lot of effort and humility, but it’s rewarding to lead others to success. There are different types of leaders and not all are healthy or effective. What type of leader do you choose to be as a business owner? List your strengths and weaknesses and start working on ways you can improve your leadership skills.

By: Ashley Whitley WCWB