By Brendan Dowling
All writer proceeds may be donated to the MyGoodPoints.com charity.The conceal photograph of a racing yacht in complete sail, shooting the facility of the wind and crashing via waves, because it speeds up in the course of the ocean, is the simplest illustration of what it truly is wish to speed up corporation development. to head this speedy, you must have an excellent group who comprehend what they're doing and who paintings in ideal concord, less than the management of an outstanding captain, who makes the best judgements on what course to head and the sails to take advantage of for the wind stipulations, currents, waves and the entire different components which are thrown at you by way of the unpredictable atmosphere. should you get every thing correct, the thrill and adrenalin rush that comes from the acceleration, as you journey and crash via waves lower than your individual strength, is invigorating – similar to accelerating the expansion of your company.Throughout ACCELERATING corporation development, Brendan Dowling stocks functional recommendation and tales, in accordance with his personal experience,...
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Extra info for Accelerating Company Growth. A Practical Guide for CEOs
Eventually I also left (telling the managing director what I thought as I did so) but it took the business another year of this behavior to eventually realize that this bad leader was the problem and to fire her. Being good at a job does not make you a good leader; and bad leaders can do tremendous damage by demotivating an entire team or business. No matter how brilliant they are at their job, they cannot carry the entire business on their own shoulders. I think it is important to know what makes a bad leader: Bullying: Bad leaders are often bullies in work, undermining people they work with and using bullying tactics to make them complete tasks; Lack of trust: Bad leaders set people up to compete with each other as opposed to working together; people stop trusting one another because the so-called leader has created a culture of fear of being found out if something goes wrong; All stick and no carrot: Bad leaders use fear as their main form of motivation: “If you don’t do this well, I will fire you;” they never try to motivate people through positive feedback; even when they pay bonuses, there’s always a catch; Lack of integrity and compassion: Bad leaders don’t care about the people they work with; to them, people are resources like machines: do a task and you get fed, don’t and you get fired.
I love working on my current company, Digital Trading. I think our products are great, I know we have great people in the company and I can see that we are having a significant impact on our customers’ ability to communicate and engage with their own customers. I can’t describe Digital Trading as work or as a job, because I really enjoy every moment of what I do. I can go into my office at night and work till the late hours without thinking about it – it’s not work, it’s fun! So if you can choose what your company does, try to pick something that you are passionate about – it can give you a significant competitive advantage.
If it is, change it. Unlike your strategy which is expected to change, your vision is much more difficult to change and there are consequences such as your people losing faith, your suppliers getting very confused or even walking away, but if you call the market wrong or your vision is not achievable in the time frame relevant to the business then call it and change. In one of my businesses, I had a vision that everyone would listen to their newspaper in their cars or on the train using an MP3 player, having downloaded the paper to their PC overnight.