The UK is experiencing a startup boom. In 2016 over 600,000 new companies were established, a record number. It’s expected that 2017 will have broken it again. Sadly, many of those businesses will fail. The odds are stacked against new entrepreneurs, and they have to be on top of their game to beat them. There are essential leadership skills every entrepreneurs must have to succeed and fortunately you may already possess them thanks to your hobbies and skills. Read on to learn more.
Focus and Discipline
These are perhaps the most important skills any entrepreneur must have. It takes drive and motivation to succeed, and you need focus and discipline for both. If you think you’re lacking, think again. Do you enjoy chess? Do you get up at 4 am every day without fail to work out or run? Perhaps you enjoy hobbies like jigsaw puzzles, are good at saving money, or have lost a significant amount of weight. All these things take focus and discipline, so don’t sell yourself short.
Another important skill is to be detail oriented. In business being sloppy can mean costing your company big bucks. It pays to pay attention to every detail and not overlook the small stuff. Your customers and clients will appreciate your extra attention to detail, and it can help your company accumulate greater profits. If your hobby includes things like putting models together or planning a garden, or if you’re a stickler for proofreading and never forget a face, you’re definitely detail oriented.
Teamwork and Competitiveness
Presumably, you intend to surround yourself with a team of employees that will work together to help the business grow and succeed. If so, you’re going to need a lot of experience in teamwork and competitiveness to ensure employee engagement and success. It’s important to see yourself as part of the team, not just the boss, and to treat your employees with respect and empathy. Happy employees are employees that feel listened to and valued.
Having a competitive spirit is important too, but there has to be balance. Over competitiveness alienates people and drives morale down. Make sure you inspire people to challenge themselves and the competition, don’t make them feel like they have no choice. Again, your personal skills and hobbies come into play here. If you’ve ever played on a sports team, in a band, or led a club, you’ve already been nurturing and growing these important skills.
Being a successful entrepreneur may seem daunting, but in reality, you may already have many of the skills you need to excel and grow your business. Focus, discipline, teamwork and attention to details are all things we use in our personal lives and while enjoying our hobbies, so take a look at yours and see what you’ve learned!