Close Menu
FintechFetch
    FintechFetch
    • Home
    • Fintech
    • Financial Technology
    • Credit Cards
    • Finance
    • Stock Market
    • More
      • Business Startups
      • Blockchain
      • Bitcoin News
      • Cryptocurrency
    FintechFetch
    Home»Business Startups»Find Your Leadership Blind Spots — or Risk Losing Top Talent
    Business Startups

    Find Your Leadership Blind Spots — or Risk Losing Top Talent

    FintechFetchBy FintechFetchApril 2, 2025No Comments4 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Opinions expressed by Entrepreneur contributors are their own.

    I’m not a perfect leader. Over the past few years, I’ve discovered my flaws, my gifts and my skills as I’ve worked with people across different countries and situations. At times, I tend to be fairly direct as a leader which can inhibit open discussion at times. It’s a trait that helped me to build Novakid from a “bare bones” idea to the company it is today, but I’ve learned to moderate and adapt my approach to suit the changing face of leadership in the organization.

    My role has evolved from one of two primary decision-makers building a company from scratch — our starting budget was $350,000 — to creating spaces for people to thrive. I have been hiring more and more senior people to take on specific roles, so it has been important for me to make it easy for them to grow and evolve within the business. I genuinely believe that if you want senior people to be productive, you need to give them space to think for themselves and trust that they have what it takes to make ideas and plans happen.

    Over the past few years, my leadership style has centered around getting incredible out of my people.

    Related: Empowering Your People Is the Best Decision You Can Make. Here’s Why.

    Undertake a self-audit

    The ability to undertake a self-audit with honesty is rare, but learning from where you go wrong is potentially transformative. Acknowledge that you’re not perfect and spend time auditing your mistakes — this allows you to learn more about where you go wrong, pick up patterns in your behavior and find better ways of managing situations and the business as a whole.

    If you can listen to honest feedback from colleagues, co-founders and stakeholders, you can use their insights to better shape how you engage with yourself and your business. An imperfect leader with the grace to recognize their faults and the drive to change them is where greatness starts. Harvard Law School calls this the “imperfect CEO” — and emphasizes how leaders who are authentic, open to new ways of thinking and admit their flaws are building workplace cultures that are equally as authentic, innovative and accepting. They also point out that leaders who are open about their flaws are more resilient and more likely to recover in times of adversity.

    I don’t want perfect people in my business. I want authentic people who are aligned with the mission of the business and want to bring the company to life.

    Be prepared to be wrong, a lot

    Most entrepreneurs are confident. We have to be — we’re taking big chances on big ideas and we’re persuading other people to invest in these ideas. We have to drive the ship from dawn to dusk, and we have to keep on believing even when things aren’t going well.

    Unfortunately, this can result in becoming overconfident or too positive, and both these traits can result in you missing important things about your business and people because you can’t see them. I think it’s important to always push myself outside of my comfort zone and proven strategies to make sure I haven’t missed something. Perhaps another way of doing things? Maybe a new business route?

    Now, accepting critical information is easier said than done. Creating a safe space for others to express their ideas and feelings can be a challenge, especially when you have an asymmetric boss-report relationship. You, as a boss, can bite their head off at any moment. How can they feel safe around you? Make your reports feel they are valuable to you (with their head on) by listening to them more and directing less.

    Related: Fixing Every Problem Isn’t Your Job — Here’s How to Empower Your Team to Handle Issues Without Your Constant Involvement

    To build up this listening muscle, I enrolled in a coaching school. Coaching is all about active listening, which is exactly what we need here. I used it as an opportunity to improve as a leader and become more open to receiving and giving constructive feedback.

    I still direct and I still have clear ideas, but I am also interested in where I go wrong, what I miss and what I need to change, because leadership isn’t a goal or an endpoint — it’s the car that has to make sure everybody gets where they’re going, and cars have to be upgraded. The result is that I have given my people the space they need to thrive, and the difference is notable. They are taking Novakid in remarkable directions and proving to me that I chose the right people and the right leadership path.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUK Trade Bodies Seek Crypto and Blockchain Policy for Economic Growth, Project a £57 Billion Boost Over a Decade.
    Next Article UOB to Lower Interest Rate on One Account from 1 May, Following OCBC
    FintechFetch
    • Website

    Related Posts

    Business Startups

    This week in business: From recalls to resurrections (and an unraptured Tuesday)

    September 28, 2025
    Business Startups

    U.S. breaks with UN on global AI oversight

    September 27, 2025
    Business Startups

    More women than ever are freezing their eggs, but many aren’t returning to use them, study finds

    September 27, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Dogecoin Targets $1.25, But This 170% Move Is The Start

    August 20, 2025

    XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target

    June 4, 2025

    Trump-Appointed Group Calls For Easier Crypto Regulations From Federal Authorities

    July 31, 2025

    How Much Is YouTube Worth? See Valuation as Company Turns 20

    April 24, 2025

    How Ethereum is Winning the RWA Tokenization War

    September 9, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    Most Popular

    Apadmi: Banks ‘Must Address Issues Before They Escalate’, as Only 23% of Brits Trust Finance Apps

    March 3, 2025

    When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud

    April 9, 2025

    Are New FCA Stablecoin Proposals Too Cautious and Confusing? Industry Reacts

    June 1, 2025
    Our Picks

    This week in business: From recalls to resurrections (and an unraptured Tuesday)

    September 28, 2025

    Is Ethereum Heading South? Week of Outflows Paint Bleak Picture for ETH USD

    September 28, 2025

    XRP at a Make-or-Break Level Under Heavy Pressure

    September 28, 2025
    Categories
    • Bitcoin News
    • Blockchain
    • Business Startups
    • Credit Cards
    • Cryptocurrency
    • Finance
    • Financial Technology
    • Fintech
    • Stock Market
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 Fintechfetch.comAll Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.