Across all businesses and industries, there is one common thread – people will always try and give you advice. Not all advice is good advice, however. Here are a few of the most common management myths and how to make the right decision when someone offers you this bad advice.
‘Don’t try and control everything yourself’
Of course, in any business, one person cannot physically do everything however it is important as a leader not to let any piece of the puzzle slip out of your view. It is key to have people in your business who you trust to make decisions but always make sure you are a part of the decision-making process at some level. If anything ever goes drastically wrong, it can be heartbreaking to see poor decisions have been made when you’ve taken your eye off the ball. Hold your employees accountable and stay close to your key players.
‘If it isn’t broken, don’t fix it’
This time old cliché is definitely worth considering in a lot of cases however it can be misleading. Just because something isn’t ‘broken’, that doesn’t mean it can’t be improved upon. Some of the most successful people in the world got where they are today by simply taking something and making it better. Think of the iPhone, the electric car or contactless payment systems. There is almost always a way to make your products or processes better, quicker and more efficient and these ideas are always worth investing it to stay ahead of the game.
‘Fake it til you make it’
In any leadership position, confidence is key; confidence in both yourself and the people around you. However, confidence has to be authentic in order to have the desired effect. Especially if you are new to a business or industry, fakers will almost always be caught out and if you’re caught out once, it’s hard for people to trust in your knowledge and ability from then on. Authenticity and honesty are often underappreciated in today’s society but holding your hand up and admitting you don’t know the answer to a question will help others relate to you and be more open and willing to trust you in the future. This kind of honesty will also ensure your employees are happy to come to you if they are unsure before they make a mistake through fear of asking for help.
‘Always be positive’
Positivity goes a long way and working with someone who is constantly negative will always have a hugely detrimental effect on productivity. However, particularly in leadership positions, it can often payoff to be more realistic than falsely positive for the sake of upholding morale. In times of hardship, it can be tempting to be the face of positivity to calm and reassure others however that can often lead to laziness and complacency. Your false positivity can make others think you have a plan even if you don’t and could stop them working as hard as you are to overcome the challenge at hand.
‘Many hands make light work’
Of course, this phrase can be overcome by the opposite ‘too many cooks’ or ‘too many chiefs’. Whilst there is definitely merit in everyone pitching in when tasks need to be completed, particularly when it comes to decision making it is much more important to select quality of people over quantity. Five people working cohesively is far more valuable to your business than ten people each with their own agenda to push.
We are proud at Se7en Services to be able to guide businesses with decision making challenges towards a more diverse, efficient and lucrative future, in the best interests of both your employees and your bottom line.
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