Running an organisation is hard work - you will need to prepare your executives by providing leadership skills training along the way. This executive coaching will need to move with the times: don't think that a seminar an executive attended three years ago will keep them up to date to the present.
If you start your own business, it is important to establish your leadership role at the outset. When employees view a strong and confident leader, it improves their own confidence when approaching their own tasks.
It's often hard for young people to ask for help, when they're trying to prove themselves as leaders without having had sufficient leadership training. We buy into the stereotype that it makes us look weak.
The day you get over your fear of asking for help can prove to be a turning point - both personally and professionally.
You don't have to know everything about running your business from the outset. Seek advice, suggestions and guidance from your board and others who are more experienced. They will be more generous with their advice and support the more honest and open you are. To build confidence in your business leadership skills, it is important to take the advice of those more experienced than yourself.
Many organisations and small businesses unfortunately don't survive their first decade. You need to keep a close eye on your finances and the true standing of where your organisation stands in order to succeed.
Want to work more ON your business than IN it? The CEO Institute is a member-based executive peer group that gets you to the next level!