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Tag: Leadership Skills

  • 4 Ways to Become a Better Leader Through Customer Relationships | Entrepreneur

    4 Ways to Become a Better Leader Through Customer Relationships | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    There are a lot of pieces that go into building a thriving company. But the reality is even the most well-meaning CEOs can’t guarantee success. Early in my career with Truly Free, I believed the right product and a solid social impact story would equate to revenue growth.

    I quickly found that website traffic didn’t just appear. The reality was that a solid offering backed by purpose was just one thing to consider in my entrepreneurial journey. I needed to refocus on our ideal customers and what they truly wanted. By reimagining our company with customers at its heart, Truly Free grew.

    Research has shown the power of placing priority on the customer. McKinsey notes that 70% of the customer journey is based on how the customer feels they are being treated. And Salesforce found that 80% of customers say the experience a company provides is just as necessary as its product.

    Here are four tips to put priority back on building authentic customer relationships.

    1. Become active in the customer service process

    As a CEO, it’s essential to be an active participant in the customer service process. Knowing each aspect of the user journey enables you, as a leader, to know your company best and hear the voice of those you serve.

    In fact, I often delegate other aspects of my job to ensure I have the time and space to be fully part of customer service touchpoints. This allows me to learn more about our customer and how our company story and products are resonating.

    In addition, ensure your sales and customer service teams are reporting on their daily customer interactions. These teams are your front line when it comes to understanding what obstacles, priorities or questions clients have. The information they hear can help enhance the customer journey, strengthen your brand and its products and build a more loyal bond through consistent client touch-points.

    Related: Listening Will Make You a Great Leader

    2. Prioritize being a listening CEO

    At Truly Free, customers are family. With every decision we make, we return to this key point. Would we want our family to use this product? Would we be comfortable sharing these ingredients? Would we want them to have this experience on the website?

    To best get to know our customers, we listen. Not only do we coordinate regular focus groups, but I sit in them as the CEO. This enables them to know their voices are heard and matter throughout the company.

    Related: 5 Strategies for How to Make Customers Trust Your Brand

    3. Pay attention to feedback

    Studies have shown that feeling unappreciated is the number one reason customers switch products or services. That’s why it’s critical to pay attention to feedback from customers and resolve it quickly.

    Make sure team members are actively monitoring customer reviews and social media comments. Set up a process to deal with complaints, giving team members the authority to help rectify situations as they arise. Finally, share complaints and reviews across the entire team for full organizational transparency into customer pain points and opportunities.

    When it comes to angry customers, a swift resolution is critical. As CEO, I’ll even pick up the phone and call an angry customer directly to help solve a problem. This seemingly simple act can reap big rewards. 70% of unhappy customers whose problems are resolved have shown a willingness to keep doing business with the same company.

    Related: Meaning Well Doesn’t Equal Success: 4 Ways to Run a Successful Business

    4. Share your story

    Understanding your why — as well as your customer’s why — is essential to growth. And in this climate, social impact is a critical trend for companies to consider.

    This all begins with authentic connection and a company driven by purpose. Not only should you know why your customers purchase your products, but your customers should also understand why you do what you do.

    For me, this all begins with sharing the story of how Truly Free began and how we’ve grown. I do not shy away from talking about the personal impact products like ours have had on my family. Further, I am transparent about who creates our products and the causes our products support. By building authenticity into our narrative, we are fostering a trusted audience that resonates with our mission.

    With so many products in the marketplace, there is no shortage of options for customers. The key to success in an ever-changing digital and competitive landscape is to understand the hearts and minds of your customer. Creating unique, authentic connections and prioritizing relationships across the organization can set your company up for long-term success.

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    Stephen Ezell

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  • How to Lead Effectively in an AI Environment | Entrepreneur

    How to Lead Effectively in an AI Environment | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Artificial Intelligence (AI) has revolutionized business operations, creating new opportunities and challenges for leaders. In today’s AI environment, leaders must adapt to the changes and leverage the benefits of AI to drive their organizations forward.

    This article will explore what it takes to be an effective leader in an AI environment. Here are the six steps leaders should take to succeed:

    1. Embrace AI as a tool

    Leaders in an AI environment must embrace AI as a tool, not a replacement for human intelligence. AI can be a powerful tool to help leaders make informed decisions and improve operations, but it is not a substitute for human judgment and creativity. Leaders should work to develop a deep understanding of how AI works and how it can be used to achieve their organizational goals.

    One example of how leaders can embrace AI as a tool is by using AI-powered analytics to make data-driven decisions. AI can help leaders quickly analyze large amounts of data and identify trends, patterns and insights that would be difficult or impossible to find using traditional methods. By leveraging AI, leaders can make informed decisions backed by real-time data, which can help them stay ahead of the competition and drive their organizations forward. Additionally, leaders can use AI to automate routine tasks, freeing time for strategic thinking and innovation.

    Related: Breaking Down the Basics of Artificial Intelligence

    2. Foster a culture of innovation

    Innovation is a crucial driver of success in an AI environment. Leaders should encourage their teams to experiment with new ideas and technologies to find innovative solutions to business problems. This means creating a culture that embraces failure as a learning opportunity and rewards creativity and risk-taking.

    Leaders can foster a culture of innovation in an AI environment by encouraging experimentation and risk-taking. Leaders can set up innovation labs or other dedicated spaces where employees can experiment with new ideas and technologies without fear of failure. They can also provide incentives and recognition for innovative ideas and outcomes.

    Another way is by promoting collaboration across teams and departments to encourage cross-functional problem-solving and knowledge-sharing. Leaders can also provide opportunities for employees to attend industry events and conferences to learn about new technologies and approaches and bring back fresh ideas to the organization.

    3. Develop a data-driven mindset

    In an AI environment, data is king. Leaders must develop a data-driven mindset to make informed decisions based on real-time data insights. This requires investing in the right technology and tools to collect, analyze and visualize data. Leaders should also work to develop their data literacy and promote data literacy across their organizations.

    A leader can develop a data-driven mindset in AI by investing in data literacy training for themselves and their team. This training can help leaders and employees understand the basics of data analysis, such as data collection, cleaning and visualization, as well as more advanced techniques like machine learning and predictive analytics. The training can also cover interpreting and communicating data insights to inform business decisions effectively.

    Leaders can also make data-driven decision-making a core part of their organizational culture. They can set targets and key performance indicators (KPIs) based on measurable data and ensure their teams can access the correct data and tools to monitor progress toward those targets. This means investing in data analytics software and platforms to help make sense of complex data and deliver real-time insights.

    Finally, leaders can prioritize hiring candidates with strong data skills and experience working with AI and analytics tools. By building a team comfortable with data analysis and using AI tools effectively, leaders can ensure that their organization is well-equipped to thrive in an AI environment.

    Related: 3 Ways to Transition Your Company Into A Data-Driven Culture

    4. Build a diverse and inclusive team

    Building a diverse and inclusive team is essential in an AI environment. A diverse team brings a range of perspectives and experiences to the table, which can help generate new ideas and approaches. Inclusive teams are also more likely to foster a culture of collaboration and innovation. Leaders should work to create a workplace culture that values diversity and inclusion and actively seek out diverse talent.

    Start with a commitment to diversity and inclusion: A leader must communicate their commitment to diversity and inclusion to their team. They can do this by setting goals and expectations around building a diverse and inclusive team and prioritizing it during recruitment and hiring.

    5. Invest in employee development

    Investing in employee development is critical in an AI environment. This means investing in AI education and providing opportunities for employees to experiment with new technologies and approaches. Leaders should provide opportunities for training and upskilling to help employees stay up-to-date with the latest AI technologies and practices.

    Promote cross-functional collaboration: Leaders can promote collaboration across different organizational functions to facilitate knowledge-sharing and upskilling. This can include creating cross-functional teams or hosting workshops and seminars on AI-related topics.

    Implement mentorship programs: Leaders can implement programs that pair employees with experienced AI professionals within their organization. This can help employees learn from their peers and gain hands-on experience in AI-related projects.

    Related: 5 Things Business Leaders Must Know About Adopting AI at Scale

    6. Prioritize ethics and responsibility

    As AI becomes more integrated into business operations, leaders must prioritize ethics and responsibility. Leaders should work to ensure that AI is used ethically and responsibly and that its impact on society and the environment is considered. This means developing policies and procedures that address ethical concerns and investing in AI governance.

    Leaders can foster a culture of ethics by promoting open and honest communication, encouraging employees to report ethical concerns and providing training and education on ethical decision-making.

    Being an effective leader in an AI environment requires embracing AI as a tool, fostering a culture of innovation, developing a data-driven mindset, building a diverse and inclusive team, investing in employee development and prioritizing ethics and responsibility. By following these principles, leaders can harness the power of AI to drive their organizations forward and create a better future for all.

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    Chris Mayfield

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  • 7 Not-So-Soft Skills Every Entrepreneur Needs | Entrepreneur

    7 Not-So-Soft Skills Every Entrepreneur Needs | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Soft skills are a bit of misnomer when considering the hard implications of not demonstrating them.

    Mastering these seven soft skills can help you thrive in a 24-hour, boundaryless world regardless of what hard or technical skills an entrepreneur might possess. These skills are the foundation of empathy and creativity, which we all need as we divine new ways to manage the increasingly blurred lines between personal and professional life, and still meet our business objectives.

    Entrepreneurs will find that soft skills are essential tools in their toolbox, which are invaluable in almost all industries.

    1. Be a master communicator

    A leader’s message is only as good as their ability to share it. Entrepreneurs must be consistent, clear and concise. Their messages must be able to translate across different cultures and languages. Everyone on the team must understand and embrace common goals and expectations. Further, all team members should feel they have an open communication channel with their leader.

    Related: 9 Best Practices to Improve Your Communication Skills and Become a More Effective Leader

    2. Be innovative

    Technology is constantly evolving. This allows us to work remotely globally, but we must determine which tools are best for team activities. Entrepreneurs will need to stay on top of the situation to ensure that tools are simply tools, not cumbersome obstacles to overcome while getting work done. Teams should be able to concentrate on a project — not on learning yet another complicated new platform or system.

    Related: Is AI a Threat to Remote Work? Here’s How to Understand the Challenges and Opportunities of AI in Business

    3. Be creative

    Entrepreneurs should consider how they can mix things up to keep teams’ ideas fresh and plentiful. How can they ensure talent stays motivated and productive? What new or different tactics can inspire people to meet goals and employ some creativity in their daily role? Innovation is important. Even routine, necessary tasks may need to be retooled to fit a remote, tech-centric workplace.

    4. Be collaborative

    No person is an island — even if someone is working from one. Each of our colleagues has valuable expertise that we can use to enhance our own work product and meet business goals. Entrepreneurs in particular need to know how to collaborate effectively, especially across diverse and geographically dispersed teams, and actively encourage and facilitate collaboration wherever possible.

    5. Be emotionally intelligent

    Empathy is one of the most critical — yet unsung — entrepreneurial attributes and soft skills there is. It enables one to be mindful of teams in new ways. For example, now it’s important to consider the “whole person” not just who we see at work. Why? Working remotely poses challenges most of us haven’t consistently had to deal with before. Also, it’s important to maintain balance. In certain situations, the in-person workers may have an advantage when it comes to face time with a leader. So, make sure other team members have equal representation, opportunities, and voice.

    Related: 4 Reasons Emotionally Intelligent Leaders Impact the Bottom Line

    6. Be culturally aware

    It is imperative that entrepreneurs are culturally aware when leading a global team. Be mindful of different customs, languages, nuances, rituals,and important dates in each team members’ culture. Lead respectfully, and appreciate the benefits cultural diversity can bring to a team and to the business. It’s easy to offend when unaware, so make an effort to learn, leverage cultural differences to advance goals, and where appropriate, bolster the organizational mission.

    7. Understand the power of etiquette

    At its core, etiquette is about treating people with kindness and respect, two nouns that all entrepreneurs should acquire as they promote and “live” their company’s values. When they develop and consistently deploy etiquette, entrepreneurs can reap myriad benefits. For instance, they can foster a collaborative company culture where diversity and inclusion flourish by ensuring everyone is treated fairly, with dignity, and respect.

    A diverse team deserves to feel safe — even when working remotely — to voice their opinions and suggestions. Even better, that diversity of thought can promote innovation, process changes, and other efficiencies that can improve workflow, operations, and even create new products and services. Everyone on the team should feel included, heard, and valued.

    Mastering these seven soft skills can empower an entrepreneur to reach new business heights. Using respect, gratitude and other soft skills as fuel, entrepreneurs can build happy and productive teams and advance their businesses.

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    Under30CEO

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  • The Benefits of Being a Bold Leader — and How to Become One | Entrepreneur

    The Benefits of Being a Bold Leader — and How to Become One | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Boldness is an essential trait of successful leadership. Bold leaders dare to challenge norms, take calculated risks and possess the courage to strive for greatness. But the impact of boldness goes beyond just the individual leader and can also be measured. Being bold has a ripple effect that can inspire positive change in others, creating a culture of innovation, creativity and growth.

    In this article, we will explore the ripple effect of boldness and how brave leaders can inspire positive change in others. We will examine the benefits of bold leadership, the role of culture in fostering boldness and strategies for developing a bold mindset.

    Related: Being BOLD: The Framework for Nurturing Your Growth Mindset

    How leaders can support bold moves

    Here are five ways that bold leadership matters to your team’s performance. These are also the ingredients of the Bold Performance Formula™ I created:

    1. Instilling confidence: Bold leaders have an innate ability to pass on their confidence to their team members, thus fueling motivation and empowering individuals to take ownership of their projects. A confident team will be more driven to achieve their goals and execute innovative solutions.

    2. Encouraging collaboration: Unprecedented challenges demand an unprecedented approach. Bold leaders understand the importance of collaboration within their teams and create environments where everyone’s contributions are valued and respected. Cross-functional teamwork leads to innovative thinking and synergistic efforts.

    3. Fostering innovation: Bold leaders encourage their team members to break the mold and think outside the box. They instill a sense of creativity and provide resources and opportunities to enable groundbreaking ideas to flourish. Organizations with innovative leaders tend to stay ahead of their competition.

    4. Decisive decision-making: Indecisiveness can cost valuable time and bring projects to a halt. Bold leaders have the foresight and courage to make crucial decisions, even in the face of uncertainty. This quality offers clarity to the team and ensures that the momentum is sustained.

    5. Demonstrating empathy: Boldness should not be mistaken for rigidity or an inability to care for team members. A brave leader connects personally with the team, listens to their concerns and feedback and incorporates insights for better decision-making. This fosters a sense of loyalty and dedication within the team

    Benefits of bold leadership

    Bold leadership has many benefits that can positively impact the organization and its members. Bold leaders inspire others to think differently, take risks and innovate. By encouraging a culture of boldness, organizations can foster creativity, experimentation and growth, which can lead to new ideas, products and services.

    Bold leadership also promotes confidence and resilience in individuals. When leaders take risks and persevere through challenges, it sends a message to their team that they can overcome obstacles and achieve great things. This can boost morale and motivation, leading to higher levels of productivity and job satisfaction.

    Moreover, bold leadership can have a positive impact on the bottom line. Organizations that foster boldness and innovation are more likely to stay competitive and adapt to changing market conditions. By encouraging risk-taking and experimentation, organizations can develop new products and services that meet the needs of their customers and drive revenue growth.

    Related: 5 Ways Business Owners Can Slay Fear and Be Bold

    The role of culture in fostering boldness

    While individual leaders can demonstrate boldness, it is the culture of the organization that can truly foster it. A culture of boldness is one that encourages experimentation, creativity and risk-taking. It is a culture where failure is not viewed as a setback but as an opportunity to learn and grow.

    To create a culture of boldness, organizations must first define their values and vision. This will provide a clear direction for the organization and help align the team toward a common goal. Leaders must then set the tone for the culture by demonstrating boldness and taking risks themselves.

    Communication is also critical for fostering a culture of boldness. Leaders should encourage open and honest communication, where team members are encouraged to share their ideas and thoughts. By creating an environment where ideas can be discussed freely, teams can generate new and innovative ideas that can drive growth and success.

    Lastly, recognition and reward are essential for encouraging boldness. Leaders should celebrate successes and acknowledge those who take risks, even if they do not achieve the desired outcome. This sends a message that boldness is valued and rewarded and encourages others to step out of their comfort zone and take risks.

    Strategies for developing a bold mindset

    Boldness is a mindset that can be developed over time. While some individuals may be naturally more inclined to take risks and be innovative, everyone can develop a bold mindset with the right strategies and tools.

    One strategy for developing a bold mindset is to cultivate a growth mindset. This involves embracing challenges, learning from failures and believing in one’s ability to learn and improve. By adopting a growth mindset, individuals can approach challenges with a positive and proactive attitude and view setbacks as opportunities for growth.

    Another strategy for developing a bold mindset is to practice resilience. Resilience is the ability to bounce back from setbacks and persevere through challenges. By developing resilience, individuals can approach challenges with a sense of determination and focus, which can help them overcome obstacles and achieve their goals.

    Finally, taking small risks and stepping outside of one’s comfort zone can help individuals develop a bold mindset. By gradually taking on new challenges and pushing oneself beyond familiar limits, individuals can develop the confidence and courage to take on bigger challenges and achieve great things.

    Related: 10 Tips to Make 2023 Your Best and Boldest Year Yet

    Measures of boldness

    There are several ways to measure being bold, and this list highlights the top six:

    1. Risk-taking behavior: Bold individuals are often willing to take risks and try new things.

    2. Confidence level: Bold individuals tend to have a high level of confidence in their abilities and are not afraid to take on challenges.

    3. Innovation: Bold individuals often generate new and innovative ideas, products or services.

    4. Willingness to speak up: Bold individuals are not afraid to speak up and express their opinions, even if they are unpopular or go against the norm.

    5. Perseverance: Bold individuals often persevere through challenges and setbacks, demonstrating a determination to achieve their goals.

    6. Creativity: Bold individuals often demonstrate a high level of creativity in their thinking and problem-solving.

    In conclusion, the ripple effect of boldness is a powerful force that can inspire positive change in others. Bold leaders who challenge norms, take risks and demonstrate a willingness to strive for greatness can inspire others to do the same. This can lead to a culture of innovation, creativity and growth that benefits the organization and its members. In today’s fast-paced and ever-changing world, boldness is a necessary trait for successful leadership. By embracing boldness and encouraging a culture of innovation and growth, organizations and individuals can achieve greatness and make a sustained positive impact.

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    Leigh Burgess

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  • The Top 5 Challenges for Tech Leaders in 2023 | Entrepreneur

    The Top 5 Challenges for Tech Leaders in 2023 | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    The modern enterprise should be flexible enough that old ideas blend with new ideas. Nowhere is this truer than with the movement of data throughout the enterprise. Data must be organized and managed at the IT level so that users efficiently complete workflows. Conversely, cybersecurity is a top concern for today’s IT leaders as electronic information gets disseminated throughout the enterprise.

    As technology continues to play a significant part in driving business success, IT leaders must be prepared to answer complex questions that address their organization’s technological needs and challenges. Here are five tough questions that every IT leader must answer in 2023:

    Related: The Tech Landscape Has Changed and It’s Time Tech Leadership Change With It.

    1. With technology expanding into AI and the IoT, how will your organization address the cybersecurity threat landscape?

    The frequency and sophistication of cyber attacks will only get more complicated as workers increasingly depend on technology they don’t control. End users have a readout or other information product they inherently trust because of automation. IT leaders must be prepared to implement robust security measures that protect their organization’s data and systems.

    These security measures for 2023 must focus more on the people’s side of cybersecurity vulnerabilities and less on the technology that runs it. Robust security measures should include enhanced authentication, password and encryption standards. Policies should be drafted, and everyone in the organization should be held accountable for knowing and understanding the new cybersecurity measures. Cybersecurity must be part of the organizational culture.

    2. How will you manage and optimize your organization’s data?

    With the explosive growth of data sources and the growing demand for data-driven insights, IT leaders must develop strategies for managing and utilizing data effectively. Here are some essential guidelines every technology leader should consider:

    • Determine clear data governance policies and procedures: This includes defining data ownership, data privacy policies, data quality standards and data security measures.

    • Implement a data management system: A robust system can help organizations store, organize and retrieve data efficiently. It is essential to invest in modern data management tools that can handle large volumes of data and are scalable and secure.

    • Invest in data quality and integration: Poor data quality can lead to inaccurate insights and business decisions. Ensuring that the data is accurate, complete and consistent is essential. Data integration from different sources also ensures that the data is consistent and provides a holistic view of the organization.

    • Use advanced analytics and AI techniques: Advanced analytics and AI techniques such as machine learning and natural language processing can help organizations gain insights from their data. These techniques can help organizations identify patterns and trends in their data, automate processes and make more informed decisions.

    • Continuously monitor and evaluate data performance: Organizations must continually monitor and assess their data management systems’ performance to identify areas of improvement and potential issues. This can help organizations make data-driven decisions and optimize their data management processes.

    3. How will you implement emerging technologies like artificial intelligence, machine learning and blockchain?

    As emerging technologies continue to evolve and gain prominence, IT leaders must determine how they can be leveraged to drive business outcomes. This means IT leaders shouldn’t jump at the first best innovation but wait until the tech is field tested for the industry. Leaders should strategically map out what technology comes into the organization at a given time to lessen the organizational culture impacts like resistance to using new software automation.

    Organizations and businesses that need complex IT management across multiple units and end users should create a culture of cybersecurity and technology adopters. Much of the implementation happens behind the scenes as information systems and algorithms understand how to manage automation. Human users should, in full transparency, know what is happening with the technology behind their functions. The work culture should be set to accept new technology as more tasks humans want to do without getting automated.

    Related: 5 Tips for Integrating AI Into Your Business

    4. How will you address the ongoing challenge of IT talent acquisition and retention?

    With the demand for technology talent outstripping supply, IT leaders must develop strategies to attract and retain skilled professionals. One strategy is talent acquisition planning. If the IT department needs new people to implement new hardware, plan for things the organization needs to accomplish before implementation.

    The IT leader must think ahead, try to picture what the organization needs in 18 to 24 months and be continually vigilant about obstacles. Talent sets good organizations apart from great ones. So, is your IT leader doing everything necessary to “attract, nurture, grow, and retain the kind of talent necessary to succeed?” If not, the organization might need training specifically for the industry. New hires must be adept at working in a platform environment run in the cloud and powered by hyper WiFi connections.

    5. How will you balance innovation with cost containment?

    As organizations seek to innovate and remain competitive, IT leaders must balance the need for technological innovation with the need to manage costs and resources effectively. Leaders must be strategic about innovation investment. Some tech will be automatically updated in smart devices and the IoT. Today’s IT leaders must have their finger on the pulse of the industry.

    For example, some organizations are using the Great Resignation as motivation for planning future growth. With depleted talent, an organization’s IT leaders should partner with the HR department to hire talent that can grow with the organization. Balancing cost containment and innovation should result from strategic planning, not because shareholders demand profits. All stakeholders should be patient as the digital revolution plays out.

    In conclusion, IT leaders must be prepared to answer challenging questions that address their organization’s technological needs and challenges. By developing strategies to address cybersecurity threats, manage and optimize data, implement emerging technologies, attract and retain talent and balance innovation with cost containment, IT leaders can position their organizations for success in the ever-evolving digital landscape.

    Related: 7 Critical Business Concepts You MUST Master to Be an Effective IT Leader

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    Steve Taplin

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  • Why Personal Branding Matters for Entrepreneurs | Entrepreneur

    Why Personal Branding Matters for Entrepreneurs | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    As an entrepreneur, you can use your personal brand to your advantage in several ways. It’s an expression of your values, personality and unique selling proposition (USP) that can help you stand out from the competition. In the digital age we live in now, it’s important to have a strong personal brand if you want to be successful in business and stay relevant in a crowded market.

    According to studies, a person’s personal brand can significantly impact both the reputation of their employer and their career success. For example:

    • A study by LinkedIn found that professionals with a strong personal brand are more likely to be hired and promoted. The study found that “50% of professionals with a strong personal brand received interest from new employers compared to only 14% of those with a weak personal brand.”
    • A survey conducted by CareerBuilder found that “57% of employers are less likely to interview a candidate they can’t find online.” This highlights the importance of having a strong online presence and personal brand.
    • A study by Weber Shandwick found that “49% of executives believe a strong CEO personal brand is critical to their company’s overall reputation.” This highlights the importance of personal branding not only for individuals but also for the companies they represent.
    • A study by HubSpot found that “companies with a strong CEO personal brand generate 11% more shareholder return than their competitors.”

    These studies show how personal branding can affect professional success and a company’s reputation. By building a strong personal brand, entrepreneurs can set themselves apart from their competitors, gain credibility and help their businesses succeed.

    Related: How to Build a Successful Personal Brand in 5 Simple Steps

    Strategies for developing your personal brand

    To build a strong personal brand, you should spend time and energy building your brand identity, establishing your online presence, creating compelling content, networking and collaborating, being genuine and consistent, developing your leadership skills, embracing your unique point of view and asking for feedback.

    1. Define your brand identity

    The basis of your personal brand is your brand identity. Your unique selling proposition (USP), personality and values are all included. Asking yourself questions like, “What do I stand for?” will help you define your brand identity. What values do I hold? What distinguishes me from my rivals?

    Related: 4 Steps to Create a Lasting Brand Identity

    2. Establish your online presence

    In today’s digital age, building your brand online is crucial. Convey your expertise and add value to your readers’ lives by creating a website or blog. You can reach your target audience and spread your message by using social media like Instagram, Twitter and LinkedIn.

    3. Create compelling content

    With the help of content marketing, you can establish your brand and yourself as a leader in your field. Make blog posts, videos or podcasts that are interesting to your audience and showcase your expertise.

    4. Network and collaborate

    Networking and working with other people can help you build your reputation and connect with other leaders in your field. By attending conferences, joining professional groups, or participating in online communities, you can meet other business owners and grow your network.

    Related: Why Collaboration Is Essential to Entrepreneurship

    5. Be authentic and consistent

    Being honest and reliable is crucial to winning over your audience. Don’t stray too far from your brand’s identity and values in your content and messaging. Your listeners will value your sincerity and credibility highly.

    Related: Authentic Leadership: What Is It and Why is it Important?

    6. Develop your leadership skills

    Leadership skills are highly correlated with the reputation you’ve built for yourself as an entrepreneur. You can become an industry leader by inspiring and motivating your team, sharing your vision with them and making strategic decisions. Finding a mentor or coach, participating in a leadership development program, or reading material on the topic can all help you grow as a leader. Focus on improving your emotional intelligence, strategic thinking and communication skills to become a better leader and build your personal brand.

    7. Embrace your unique perspective

    Your original perspective sets you apart from other professionals in your field. Recognize the value of your unique perspective and employ it to set yourself apart. Communicate your point of view through your messages and articles.

    8. Seek feedback

    If you want to fix any flaws in your message, you need to hear what people think. Your target audience, coworkers and mentors can give you feedback that can help you build and keep your personal brand.

    If they want to succeed in business, entrepreneurs must build a solid personal brand. The time and effort you put into developing your brand identity, online presence, content creation, networking and collaboration skills, authenticity and consistency, leadership skills, a unique perspective and feedback will pay off in the form of a strong personal brand that sets you apart in your industry.

    Building a name for yourself in the business world can only help you in the long run. It’s not easy, but it’s worth it in the end. Building a solid personal brand can lead to increased professional credibility, trust and success. Using the aforementioned methods, you can establish a solid personal brand that will set you apart in your field and aid you in reaching your objectives.

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    Martin Rowinski

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  • How Leaders Can Encourage Productive Debate in the Workplace | Entrepreneur

    How Leaders Can Encourage Productive Debate in the Workplace | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    “Disagree and commit.” When Jeff Bezos says it, it sounds so easy.

    Amazon’s founder famously encourages productive debate inside his companies. For Bezos, it’s not about building consensus but creating alignment. In his words, “I know we disagree on this, but will you gamble with me on it?”

    Promoting a culture of spirited inquiry can mean walking a fine line between encouraging debate and avoiding derailments, but it’s worth threading that needle: According to a study by CPP Inc., workplace conflict costs U.S. businesses $359 billion annually in wasted resources and lost productivity. On the other hand, there’s the incalculably high cost of groupthink — a go-along culture that neglects important information, sidesteps real analysis and yields lackluster decisions. That’s especially dangerous in a slow economy when companies must leverage every competitive edge.

    As an engineer, I’m used to productive disagreement and a fact-based approach to decision-making. That’s how engineering culture works. But as a CEO, I’ve found cultivating that culture across the company can be a heavier lift.

    The right framework and a little humility can foster that spirit of productive debate, leading to more effective decisions and better outcomes. Here’s how:

    Related: The Art of Having a Productive Argument

    1. Before anything else — set goalposts

    It’s impossible to weigh options if you don’t know where the goalposts are. That’s why the first step to encouraging healthy debate among team members is to establish common ground.

    This starts with a clear company mission and targets but goes deeper than those broad principles. For every decision we deliberate, it must be clear what problem we are solving and what success looks like, and we must have clarity around any other parameters so we can properly evaluate potential courses of action.

    If discussion stalls or debates get stuck, we can look back and see how this decision fits into the bigger picture. In a startup aiming to increase shareholder value, every decision must be held to this basic test: Are we driving value for the company?

    2. Triage your debates

    The most important element of effective debate is deciding when not to have one.

    Not every decision merits a big confab or dueling whitepapers. I estimate that 70% of our decisions are of sufficiently low stakes that it’s best just to choose a course of action and correct it if needed.

    But high-stakes decisions like launches, acquisitions and fundamental strategies demand a thorough examination of all viable options. McKinsey researchers have rightly pointed out that limiting input on these “big bet” decisions leads to substandard decisions. Knowing when to speed up and slow decision-making is fundamental for a CEO.

    3. Beware of HiPPOs

    Without careful planning, the Highest Paid Person’s Opinion tends to carry the greatest weight in any discussion. Leaders need to be cognizant of and work to counteract this HiPPO effect. For example, if I’m in the room during a discussion, I avoid stifling debate by expressing my opinion last.

    Studies consistently show that thought diversity drives better performance, but team members sometimes need a nudge to express minority opinions rather than go with the flow. CEOs can overcome this “conspiracy of approval” by assigning someone to argue the cases for and against each option under consideration. I often have team members write these up in advance of group discussions. If discussions get sidetracked, I ask everyone to put on their “shareholder hat” and look again at the problem we are trying to solve.

    Related: Conflict Among Team Members Can Lead to Better Results

    4. Set an example from the top on how to disagree productively

    Encouraging a culture of spirited deliberation requires consistent modeling. People unfamiliar with this kind of workplace may need to see a productive debate in action once or twice to get comfortable enough to participate themselves.

    In my companies, new team members quickly learn that our culture encourages dissent backed by logic and evidence at even the highest levels of the company, but not conflicts grounded in ego or personal agendas. A crucial moment in this process is the first time a new team member and I disagree on an important decision. That’s my chance to model my receptivity to new ideas and humility when faced with better ones.

    5. Know when to make the call

    Ideally, a correct course of action will emerge during the debating process, but sometimes, the picture is unclear. In such cases, someone needs to make the final call. Every debate needs a referee.

    Judgment calls can be challenging. They require experience, expertise and a deep understanding of the situation. You won’t always get them right, but you must have the courage to make them.

    Just don’t confuse courage with pride. There’s no place for “because I said so” leadership in an organization that values productive disagreement. Command-and-control cultures are inimical to innovation. I encourage my leaders to unpack the reasoning behind their decisions to build trust and ensure that decisions are made in the team’s and company’s best interests.

    Related: 3 Ways to Use Conflict to Strengthen Your Startup

    7. Commit (and commit to revisit)

    This brings us back to Bezos: Once a decision is reached, the team must commit completely to the course of action. By encouraging team members to commit to a decision, even if they disagree, a company can move forward and take risks that ultimately lead to growth and success.

    When a small team of Amazon executives initially proposed the Amazon Prime program, it faced steep internal opposition over cost and potential risks. Bezos called on critics to commit despite their reservations, and today, Prime is a key driver of Amazon’s growth.

    But it’s also important to analyze the effectiveness of major decisions at regular intervals. For example, after much deliberation, we’ve recently selected a go-to-market strategy for our new GitOps product. We will continue asking tough questions each quarter to ensure we’re on the right track.

    It’s not easy creating and sustaining a company culture that encourages rigorous debate within the parameters of company goals and values. But it’s the only choice for innovative companies juggling high-stakes decisions. As CEOs, we must set the table and lead the charge.

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    Jyoti Bansal

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  • 3 Keys to Leading Teams During a Time of Divisive Opinions and Tension | Entrepreneur

    3 Keys to Leading Teams During a Time of Divisive Opinions and Tension | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Gone are the days of avoiding politics and religion at the dinner table. Today, we often wear our opinions and beliefs on our sleeves, and divisive views dominate the news. Employees are increasingly vocalizing their support or dissent for various causes and issues and expecting their places of work to take a stand. With a major election occurring next year, and tensions sure to arise throughout the process, now is the time for you to invest in your company’s cultural foundation so that no matter the circumstances, a team’s cohesion and productivity aren’t collateral damage of the election cycle.

    This climate can be treacherous for business leaders trying to unite teams toward productive goals. Employers who stay quiet or whose views land on an unpopular side of the debate risk sparking discord — in fact, 40% of workers would consider quitting their job if their leader took a stance they disagreed with, according to a recent CNBC|Momentive Workforce Survey. Oftentimes, though, quiet can be misconstrued as well, or worse, become a void filled by others’ opinions that may not be in the best interest of the business.

    We all want to experience psychological safety in the workplace and have the opportunity for our opinions to be heard. If your employees trust that the organization and team have their back, they’ll be more willing to collaborate and pull together. This begins by walking your talk — address your employees’ concerns, lead “fireside” chats where your door is open to anyone from any level or send thoughtful and well-constructed emails that acknowledge the turmoil affecting your teams.

    Related: How The Best Executives Show Leadership in Times of Uncertainty

    If you can find ways to balance the differences and unions within your teams, you can discover that a business can be a beautiful example of diversity, an antidote to the echo chambers we find online and a real opportunity to understand others. Here are three ways that you can start being more proactive about the tough conversations in your company and build a strong foundation to weather combative times:

    1. Set clear cultural values from the start

    The combative atmosphere around business values may encourage you to take a neutral stance on everything, but staying quiet won’t stop gaps from forming. Instead, you want to be proactive like Salesforce about creating shared values that build a culture of trust and respect for individual beliefs. Since 2015, Salesforce has been public about its moves to make pay within its workforce more equitable and has spoken out against discriminatory legislation.

    For strong cultural values to exist within your organization and have alignment between all employees, you have to start from the beginning for a consistent experience. When new hires arrive, welcome them with a transparent conversation about what behaviors are expected that reflect the company values and how commitment to these behaviors plays a critical role in the company’s success. Also, invite them to call you out if they don’t see those values in action so they know that no one is exempt from these values.

    While having discussions about culture can be challenging, it will be much easier and healthier to have conversations now instead of when something goes wrong. Set expectations from the beginning of your working relationships (or as soon as you can). When trouble arises, you’ll already have a shared language to tackle it.

    Related: Why You Should Care About Psychological Safety in the Workplace

    2. Remind one another of what makes you you

    Create a shared culture, but don’t ignore differences either. Your differences make you unique as a group of people and as a business. What’s more, your differing views can fuel creativity and growth and helps you to connect with a wider audience.

    When acknowledging differences as a leader, it’s important to remember that not every moment is ideal for these conversations. Again, a good rule of thumb is to be proactive about these discussions rather than waiting for a misunderstanding to arise.

    Set aside time to get to know each other better. Ask your teams what differences they bring to the table and give them a chance to educate you on the best language to use when talking about those differences.

    3. Rally toward a common cause

    Twice a month, I send out Friday emails to my team to discuss recent events and double down on our shared purpose. With the media leaning more heavily on divisive language, I choose to talk about shared aims and challenges, so the team can remember that we have more in common than we may initially think. In a recent email, I ended by writing: “I look forward to sharing stories as we seek out those commonalities in places we may have overlooked in the past. Just like our acts of kindness create a ripple effect, our search for and celebration of commonality can do the same.”

    Related: How to Turn Company Values Into Shared Employee Beliefs

    Despite differences, shared beliefs can be central themes in your team’s narrative. If things get hairy in the political world, you can rest on these shared beliefs, using them to lean on as you talk about dissimilarities. What could your shared purpose be?

    Since I began sharing more of my full self with my team, they have begun to reciprocate, creating a highly empowered and trusting culture. The best path toward building an empathetic culture lies in your hands and is cultivated first and foremost through your modeling and behavior. Ask yourself what is your behavior? How does your team feel after interactions with you?

    If you are truly and authentically empathetic, your team will learn to do the same. It becomes a cultural norm. And the business will attract the type of people who can help that culture flourish exponentially.

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    Kristen Sieffert

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  • The Post-Covid Leader — How the CEO’s Role Has Changed in the Past 3 Years | Entrepreneur

    The Post-Covid Leader — How the CEO’s Role Has Changed in the Past 3 Years | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    So much has changed since Covid-19 first hit the U.S. in March 2020 — from how and where we work to what’s expected from employers to how we prioritize our values. We have been a witness to the Great Resignation, record-low unemployment and skyrocketing inflation. Over the past three years, the role of the CEO has adapted to the rapidly transforming needs of the workforce and customers.

    I’ve had the privilege of watching new best-in-class leadership practices emerge as a direct result of the immense change brought on by the pandemic. While mission, vision and values remain the central tenants determining every company’s North Star, great leaders know they cannot be stagnant in their search for success.

    Below are some of the big shifts I’ve noticed exemplary leaders have made due to the many lessons learned over the past three years:

    Related: Top 3 Leadership Skills to Maintain in a Post-Pandemic World

    Mastering the new CEO mindset

    With no playbook in hand, the pandemic forced business leaders across the board to give up long-standing beliefs and lean into the moment to make real-time decisions. Great leaders were able to let go of their sense of control and learn how to thrive amid uncertainty and turmoil with a collaborative mindset. Now, as the pandemic lifts, CEOs are finding success by remaining open-minded and nimble.

    They listen to customers and employees and also test and iterate to arrive at the best solution. Giving up a fixed mindset has created opportunities to learn, adapt and create something brand new. Many are seeing how offering new flexibility to employees has actually made their companies more productive and competitive. The world of work is continuing to change at a rapid rate. In today’s world, it’s equally important to anticipate and plan for a variety of possibilities as it is to be ready to pivot on a dime if unexpected circumstances arise.

    Making vulnerability and transparency a superpower

    Before Covid, many CEOs saw vulnerability as a sign of weakness. During the pandemic, great CEOs learned to embrace open, transparent and honest communication — even when the truth was difficult to share. And it is now well established that there is no weakness in listening to a variety of opinions. Now, hierarchies and command and control structures are being replaced by leaders who really seek to understand what’s happening on the front lines of their business by regularly speaking to employees who connect directly to customers. Leaders now listen to and learn from employees at all levels of the business, rather than feeling like they have to arrive at all the answers on their own.

    Related: Why Vulnerability Is a Strong Business Leader’s Most Powerful Weapon

    Thinking bigger and anticipating

    Now more than ever, top CEOs are actively seeking outside perspectives. When organizations make decisions in a vacuum, groupthink and confirmation bias can set in. Great leaders accept that they often need to get away from the business to work “on the business.” The world is more complex than ever. And CEOs are responsible for taking what’s happening in the surrounding world, making sense of it and building plans around it. By anticipating the business impact of everything from inflation to supply chain and economic factors, leaders are making better decisions and uncovering new solutions.

    Recruiting and retaining the right team

    CEOs are still responsible for setting the strategy, culture, organization, results and execution for their company. And Covid reaffirmed just how important it is to hire and retain the right people to execute those plans. When the talent wars picked up during The Great Resignation, it became clear that loyal and engaged employees are an unmatched differentiator during challenging times. These are the individuals who are willing to roll up their sleeves and pitch in to help the organization overcome obstacles.

    Without the right people on staff, a company will always be spending resources on attracting and training a new wave of talent instead of focusing on customer experience and the bottom line. Great CEOs have always known their team is most engaged when employees understand how their work connects to the company’s purpose. Now, successful CEOs are implementing strategies that cascade down the organization. With a strong team in place, everyone has a voice, from intern to C-suite — which both increases engagement and uncovers alternate ways of thinking.

    Related: 5 Lessons the Pandemic Has Taught Entrepreneurs

    When the pandemic hit, every leader had to be willing to throw their three-year plan out the door and start from scratch. While the pandemic presented devastating hardships and uncharted challenges, it also allowed us to open our minds to a new wave of leadership. CEOs who were able to embrace the changing tide have created a framework for what works moving forward.

    No longer is the CEO acting alone in a closed-door corner office, reporting out plans with little to no feedback. Today’s leader is best described as nimble, humble, vulnerable, transparent, inquisitive, collaborative and employee-centric. For CEOs, there has never been a more exciting time than now to make a lasting impact on the future of leadership.

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    Sam Reese

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  • Apple and Twitter’s Return to Office Struggles Reveal Fractures in Culture | Entrepreneur

    Apple and Twitter’s Return to Office Struggles Reveal Fractures in Culture | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    The challenges that many companies are facing in their hard-line, inflexible approach to returning to the office highlight deeper issues of broken culture, social contract and trust in these companies.

    For instance, recent reports reveal that Apple has been threatening action against employees who refuse to come back to the office by tracking employee attendance and threatening action against those who don’t work from the office at least three days a week.

    Similarly, Twitter has been dealing with its own return-to-office problems. Elon Musk apparently emailed employees at 2:30 am, writing that “office is not optional.” Musk complained that half of the San Francisco headquarters was empty the day before.

    Related: 4 Warning Signs That Your Job’s Corporate Culture Is Broken And Why It Might Be Time to Leave

    Obviously, company leaders aren’t going to complain about a problem that’s not happening: Their complaints indicate serious opposition by employees and a breakdown in trust. And this breakdown in trust is happening at many other companies mandating a hard-line office return. Amazon’s head of HR dismissed an in-house plea endorsed by nearly 30,000 workers concerning the organization’s return-to-work strategy. Staff at Walt Disney Co. are opposing an order to spend four days per week in the office, while Starbucks workers have penned a public letter expressing their disapproval of the company’s mandatory office return policy.

    Broken culture and social contract

    Based on my experience helping 22 companies transition to hybrid and remote work, such strong-armed approaches not only cause tensions among employees but also put the company’s culture at risk. These incidents indicate a broken culture and social contract within the companies, where employees no longer trust their employers to prioritize their wellbeing and work-life balance.

    Trust is the foundation of a healthy working relationship between employees and employers. When companies like Apple and Twitter take a hard-line approach to returning to the office, they risk damaging the trust that employees have placed in them. This lack of trust can lead to disengagement, decreased job satisfaction and increased employee turnover.

    Companies that mandate a strict return-to-office policy demonstrate a disregard for employee wellbeing. By not considering the unique needs of each employee and not offering flexible work arrangements, these organizations are signaling that they prioritize their own needs over those of their employees. This attitude can lead to a toxic work culture, negatively impacting employee engagement and productivity.

    Related: Why Employers Forcing a Return to Office is Leading to More Worker Power and Unionization

    The impact on companies with a hard-line approach

    Companies that adopt a hard-line, inflexible approach to returning to the office may experience several adverse effects.

    In today’s competitive job market, with a historically low unemployment rate, talented employees have many options, despite the headlines about recent layoffs. Companies that don’t prioritize employee wellbeing and work-life balance risk losing their best talent to competitors that offer flexible work arrangements. Furthermore, attracting new talent becomes increasingly difficult, as job seekers may perceive these organizations as unsupportive of their needs.

    When employees feel betrayed and mistrustful of their employer, their engagement and productivity suffer. Employees who are disengaged or unhappy at work are less likely to go the extra mile and may even become actively disengaged, undermining the company’s goals and objectives. That’s why we see so much quiet quitting in companies forcing a return to office.

    As the stories of Apple and Twitter’s struggles to bring employees back to the office become public, these companies risk damaging their reputations. Negative publicity can make it more difficult to attract new customers, partners, and investors, as well as hamper efforts to retain existing ones.

    A better approach: building trust and flexibility

    To avoid the pitfalls faced by Apple and Twitter, companies should adopt a more flexible approach to returning to the office, prioritizing trust and employee wellbeing.

    Establishing trust starts with open and honest communication between employers and employees. Companies must be transparent about their intentions and willing to listen to and address employee concerns. By engaging in genuine dialogue and considering employees’ perspectives, companies can foster trust and demonstrate that they value their workforce.

    Embracing flexible work arrangements, such as hybrid and remote work, is crucial for modern organizations. Companies that offer flexibility show their employees that they prioritize their wellbeing and understand the importance of work-life balance. This approach not only enhances employee satisfaction but also boosts productivity and engagement.

    Companies must prioritize employee wellbeing in all aspects of their operations. This includes offering mental health support, fostering a healthy work environment, and providing resources for personal and professional development. By investing in their employees’ wellbeing, companies can create a positive work culture that promotes trust, engagement, and productivity.

    Leaders play a critical role in building and maintaining trust within an organization. They should lead by example, demonstrating flexibility, open communication, and a commitment to employee wellbeing. This approach will inspire employees to trust the organization and contribute to a thriving work culture.

    Related: A Work-Life Balance Will Help You Keep Employees

    Cognitive bias and the return to office

    The struggles faced by companies like Apple and Twitter in their attempts to bring employees back to the office are not only indicative of broken trust and culture but are also influenced by cognitive biases. Two specific cognitive biases, status quo bias and loss aversion play significant roles in shaping employee perceptions and attitudes toward return-to-office policies.

    Status quo bias is the tendency to prefer the current state of affairs over changes or alternatives. Employees who have adapted to remote work may be influenced by status quo bias, as they’ve grown comfortable with the existing work arrangements and feel resistant to returning to the office. This bias can make it more challenging for companies to persuade their employees to embrace the change, as individuals may perceive the shift back to office work as more disruptive and inconvenient than it actually is.

    To overcome status quo bias, companies should focus on communicating the benefits of returning to the office and providing a clear rationale for their decision. By highlighting the advantages of in-person collaboration and addressing employee concerns, organizations can make the transition back to the office more appealing and reduce resistance.

    Loss aversion refers to the tendency for individuals to prefer avoiding losses over acquiring equivalent gains. In the context of returning to the office, employees might experience loss aversion when they perceive the potential loss of flexibility, autonomy, and work-life balance that they enjoyed during remote work.

    To address loss aversion, companies should emphasize the importance of employee wellbeing and demonstrate their commitment to preserving the positive aspects of remote work, even in an office setting. By offering flexible work arrangements, supporting work-life balance, and engaging employees in the decision-making process, organizations can mitigate the impact of loss aversion and foster a more positive attitude toward the return to the office.

    Related: Hybrid Employees Are More Productive at Home — But This is When You Should Ask Them to Come Into The Office

    Conclusion

    The problems faced by Apple and Twitter in getting employees to return to the office are indicative of a broken culture, social contract and trust within these companies. The hard-line, inflexible approach taken by these organizations is not only damaging to their employees’ wellbeing but also poses significant risks to their productivity, employee retention and reputation. By adopting a more flexible approach and prioritizing trust and employee wellbeing, companies can avoid these pitfalls and create a thriving, supportive work environment that benefits everyone involved.

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    Gleb Tsipursky

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  • How to Increase Alignment and Productivity with the OKR Framework | Entrepreneur

    How to Increase Alignment and Productivity with the OKR Framework | Entrepreneur

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    When it comes to clearly setting and communicating organizational goals, most business leaders aren’t great at it. But it’s not due to lack of effort. While company leaders will talk about what’s important to them in the coming business cycle, the message often gets lost because it lacks a clear framework that succinctly says what’s important. This can leave individuals and teams feeling lost or confused about their company’s goals and the impact of their work.

    A recent poll found only 28% feel fully connected to their company’s purpose. Let’s fix that.

    Join us for a free webinar called How to Increase Alignment and Productivity with the OKR Framework, presented by Oracle NetSuite and Entrepreneur. Leading the discussion will be moderator Terry Rice. He will be joined by Arthur Wittman, a Content Director at NetSuite.

    The OKR framework provides a structure for setting high-level Objectives and subsequent Key Results that leaders expect their organization will meet. Once leaders have set clear expectations, business units can use that information to create their own OKRs, followed by teams and even individuals.

    During this event we’ll discuss how OKRs are being used in businesses across the globe. We’ll also share some good – and not so good – examples that will help you understand how this framework can help your entire workforce align their actions with company-wide goals, even during turbulent times.

    Join us for How to Increase Alignment and Productivity with the OKR Framework live on Wednesday, May 17 at 3 p.m. EST | 12 p.m. PST.

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    Entrepreneur Events

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  • How to Lead With Authenticity and Build a Thriving Workplace | Entrepreneur

    How to Lead With Authenticity and Build a Thriving Workplace | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    As leaders, it’s our responsibility to create environments that promote productivity, innovation and growth. What if we were to take this a step further and prioritize personal fulfillment as well? A workplace culture that promotes openness and transparency encourages employee satisfaction, which in turn fosters excellence and efficiency. As such, following this approach can take us much further than the traditional mindset.

    As a woman in a male-dominated industry, I faced significant challenges early in my career, with people often dismissing my opinions, actions and decisions as emotional or irrational. I learned that to be taken seriously, I had to mask my authentic self. So, I spent years teaching myself to hide my feelings, personality and passions, as I was made to believe this was the only way to get ahead. Granted, it worked, but as I gained more experience and moved up the ranks, I realized this culture was deeply flawed, regardless of how (unfortunately) common it is.

    Related: Authentic Leadership: What Is It and Why is it Important?

    The key to building a thriving workplace

    With experience, I came to realize that the key to building a thriving workplace is authenticity: an approach rooted in trust, allowing individuals to build relationships based on openness, honesty and being their true selves while actively enabling work-life integration.

    Work-life integration is based on the idea that work and life aren’t separate, but rather, that professional responsibilities, family life, hobbies and personal development can be interwoven in a way that supports and enhances our overall well-being. It suggests a holistic approach to managing work and life, where the boundaries between the two are blurred, and the focus is on creating fulfillment and balance overall.

    This approach prioritizes the well-being of individuals, inspiring them to embrace their true selves and creating a positive energy that drives collaboration, innovation, creativity and productivity. Even more so, it encourages loyalty and commitment among employees, which benefits us, our companies and our employees in the long run.

    The bottom line is simple: Employees who love going to work wake up feeling excited about their day and ultimately, as a result, drive success for the business.

    With these ideas in mind, I used principles of authentic leadership and work-life integration to create a culture that allows employees to be authentic without fear of judgment. I’m proud to say that my team has thrived under this approach, with proven increased engagement, job satisfaction and productivity.

    This all sounds great in theory, but how does it actually work?

    Related: 3 Ways Authentic Leaders Inspire and Retain Employees

    How to create this type of culture

    To bring this approach to life, you have to start with yourself. Authentic leadership is based on a leader’s ability to be honest, transparent and real with their employees while encouraging the reciprocation of these principles. Below are some tips on how you can do just that, with the goal of fostering a workplace culture similar to the one I’ve created:

    1. Lead by example: Model authenticity by being vulnerable and sharing your experiences/emotions with your team. By leading with honesty and promoting transparency, you can create an environment where team members feel comfortable and are empowered to share their own perspectives.

    2. Create a safe space: Encourage a culture where critique is seen as an opportunity for growth by actively seeking feedback. Foster open communication and encourage your team to be transparent and honest with one another, including you. Authenticity goes both ways, meaning you’ll sometimes receive feedback you don’t want to hear; when that happens, put your ego aside and let go of the “I’m the boss, they can’t talk to me that way!!” mentality as it won’t serve you and will only deter your team from being transparent with you.

    3. Provide growth opportunities: Invest in employee growth and development to show that you value your team. Provide training, mentorship and career growth opportunities or a pool of learning resources (i.e., online learning platforms). Don’t skimp on the time spent on learning and development, as this investment will pay off in improved employee retention and satisfaction while creating a culture that values learning and innovation, driving success for the company as a whole.

    4. Foster a healthy work-life integration: Offer flexibility, remote work options and paid time off to avoid burnout. Accept, expect and accommodate the realities of personal life as they are inevitable. Don’t make employees waste time explaining personal commitments or apologizing for external factors during virtual meetings, rather allow them to address them and return to work with renewed focus. Life will go on, with or without the stress, so choose “without” by normalizing work-life integration instead of encouraging worry or fear of judgment when personal life overlaps with work.

    5. Build authentic relationships: If this doesn’t come naturally to you, actively invest in your relationships with your team members by engaging in conversations that strengthen your interest in their lives and well-being to develop trust, respect and empathy. Recognize that your team is your greatest asset, and create a culture where they can feel cared for. Within my team, this approach resulted in great friendships forming, boosting both engagement and collaboration.

    Related: CEO Survival Guide: Leading with Authenticity, Transparency and Trust

    While this approach can bring about incredible outcomes for businesses, it doesn’t come without implications, such as the possible challenge of putting your personal feelings aside to remain professional and objective; this can be especially tricky when you’re faced with making tough decisions involving your team.

    To avoid being blindsided, it’s essential to anticipate the potential impact of personal biases, prepare for them and take steps to reduce their impact. True authentic leaders make decisions based on objective analysis, recognizing and remaining aware of their strengths, weaknesses, values and beliefs. They use these insights to guide decision-making rather than cloud it, allowing them to make more thoughtful and effective decisions than they would otherwise.

    By leveraging both the benefits and implications of the authentic leadership approach, you can promote an environment where both individuals and companies can thrive in building a positive, supportive and fulfilling workplace. After all, we spend a significant portion of our lives at work, so why not spend it happily?

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    Adi Vaxman

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  • How to Communicate Like a Boss | Entrepreneur

    How to Communicate Like a Boss | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Effective communication is essential in any workplace. It helps build a positive and productive work environment, fosters collaboration and teamwork, and ultimately leads to better business outcomes. However, many employees and managers need help with communication. Ineffective communication can often lead to misunderstandings, low morale and lost productivity. So, here are five steps leaders can take to communicate like a boss.

    1. Active listening

    One of the critical elements of effective communication for leaders is active listening. Active listening requires leaders to pay close attention to what their team members say, ask relevant questions and provide feedback demonstrating understanding. Leaders who listen actively can gain insights into their team members’ thoughts and feelings, understand their concerns and build stronger relationships with them.

    Active listening involves fully engaging with the speaker, verbally and non-verbally, to demonstrate interest and understanding. The purpose of active listening is to promote effective communication and build strong relationships, both personally and professionally.

    Related: Active Listening as a Corporate Development Tool

    2. Clarify expectations

    Another important aspect of effective communication for leaders is providing clear and concise instructions. Clear expectations help prevent misunderstandings and errors when team members need clarification about what they are expected to do. Leaders who offer clear instructions can ensure that their teams are on the same page and working towards a shared goal.

    Here is a simple roadmap to clear expectations:

    1. Define the task or project: Define the task or project and what needs to be accomplished. Identify the goals, timelines and any other relevant details.

    2. Identify stakeholders: Determine who will be involved in the task or project, including any team members, stakeholders or others impacted.

    3. Discuss expectations: Leaders should talk with each stakeholder to ensure they understand their expectations and concerns about the task or project. This can include goals, timelines, resources and any other relevant details.

    4. Document expectations: Document the expectations discussed, including specific details such as timelines, deliverables and responsibilities. Make sure everyone involved in the project has access to this documentation.

    5. Confirm understanding: Confirm that all stakeholders understand and agree to the expectations that have been outlined. This can involve asking each person to summarize their understanding and addressing any confusion or disagreement.

    6. Monitor progress: Monitor progress throughout the task or project to ensure that expectations are met and adjust as necessary. This can involve regular check-ins, progress reports and feedback sessions.

    3. Give and accept feedback

    In addition to providing clear instructions, effective communication requires leaders to give constructive feedback. Feedback can help team members improve performance, develop new skills and achieve goals. However, feedback must be provided constructively and respectfully. Leaders who provide constructive feedback can help their teams grow and improve while maintaining a positive work environment.

    Constructive feedback is intended to help the recipient improve their performance, skills or behavior. The feedback is given to be helpful rather than critical or negative.

    Constructive feedback typically includes specific, actionable suggestions for improvement. The feedback should be based on observations and facts rather than assumptions or personal opinions. It is focused on the behavior or performance rather than on the individual.

    Effective constructive feedback is also given in a respectful and supportive manner. It is not meant to be confrontational or accusatory. Instead, it should be delivered in a way that encourages the recipient to reflect on their actions and make positive changes.

    Constructive feedback is essential for helping individuals grow and develop their skills and abilities. By providing feedback that is specific, actionable and delivered in a supportive manner, we can help others improve their performance and achieve their goals.

    Related: How to Give Employee Feedback Effectively (and Why It Matters)

    4. Communicate goals clearly

    Clear communication of goals means that goals are communicated in a way that is easy to understand, unambiguous and specific. When goals are communicated clearly, it helps individuals and teams to know what they are working towards, why it is essential and what is expected of them.

    There are several key components of clear communication of goals:

    1. Specificity: Goals should be clearly defined, with specific details about what needs to be achieved, by whom and when.

    2. Relevance: Goals should be relevant to the overall mission or purpose of the organization and aligned with the values and priorities of the team or individual.

    3. Clarity: Goals should be communicated in a way that is easy to understand and unambiguous, with no room for misinterpretation or confusion.

    4. Accountability: Goals should be tied to specific individuals or teams, with clear expectations for who is responsible for achieving them.

    5. Feedback: Regular feedback should be provided to track progress toward the goals and to make any necessary adjustments or changes along the way.

    Clear communication of goals is crucial because it helps to align efforts towards a common purpose and provides a framework for measuring progress and success. When everyone is on the same page about what they are working towards, it helps to create a sense of unity and shared purpose within the team or organization.

    5. Practice and be flexible

    Effective communication for leaders requires ongoing effort and practice. This includes seeking input from team members, attending communication training programs and practicing active listening and clear communication in everyday interactions. Communication skills can be improved through practice and feedback, and leaders must be willing to continually work on their communication skills to become more effective leaders.

    Leaders must also be able to adapt their communication style to different situations and audiences. Some team members may have different communication preferences, and leaders must be able to adjust their communication styles accordingly. Leaders who can adapt their communication style can build stronger relationships with their team members and create a more inclusive work environment.

    Effective communication is essential to the success of any workplace. While these best practices may require effort and practice, the benefits of effective communication are well worth it.

    Related: 9 Best Practices to Improve Your Communication Skills and Become a More Effective Leader

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    Chris Mayfield

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  • The No.1 Most Bankable Skill You Must Have to Succeed in 2023 | Entrepreneur

    The No.1 Most Bankable Skill You Must Have to Succeed in 2023 | Entrepreneur

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    If you don’t foster this skill, you’ll fall behind the pack financially and professionally in 2023.

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    Ben Angel

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  • 6 Myths About Leadership That May Be Holding You Back | Entrepreneur

    6 Myths About Leadership That May Be Holding You Back | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Leadership is a complex concept that has been the subject of extensive research, discussion, and debate. Despite the wealth of information available on the topic, several myths and misconceptions persist about being an effective leader. This article will explore some of these myths and explain why they are not necessarily true.

    Here are six common myths about leadership that may be holding you back:

    Myth #1: Leaders are born, not made

    The idea that “leaders are born, not made” is a common myth about leadership. While some natural talents and traits may predispose specific individuals to leadership roles, most leadership skills can be developed and honed through experience, training and education.

    Influential leaders have had to work hard to develop skills and overcome personal obstacles. Leadership cannot simply be inherited or innate, but it is a skill that can be learned and developed over time.

    Furthermore, there are many types of leaders, and different leadership styles can be effective in different situations. For example, some leaders may be naturally charismatic and able to inspire others through their personalities, while others may be more analytical and strategic in their approach.

    While some individuals may naturally be inclined towards leadership, anyone can become an effective leader with the proper training, experience and dedication.

    Related: 6 Essential Leadership Skills That Drive Success

    Myth #2: Leaders must be in charge

    While it is true that leaders often hold positions of authority and are responsible for making important decisions, leadership is not limited to those in formal leadership positions. Leadership can be demonstrated by anyone who takes the initiative, inspires others and creates positive change, regardless of their official role or title.

    Some of the most influential leaders do not hold formal leadership positions but still manage to influence others and make a difference. For example, a team member who takes the initiative to solve a problem or improve a process demonstrates leadership skills, even if they do not have a title or position of authority.

    Effective leadership requires collaboration and teamwork, and leaders who recognize the strengths and contributions of others are more likely to succeed. In many cases, a leader who delegates responsibility and empowers others to take ownership of tasks and projects can achieve more significant results than one who tries to control everything.

    Myth #3: Leaders always know what to do

    Leaders may have a clear vision and direction for their team or organization, but they are not omniscient and only sometimes have all the answers. Effective leaders recognize that failure is a natural part of the learning process and are not afraid to make mistakes or take calculated risks. They use failures as opportunities to learn and grow and encourage their team members to do the same.

    Effective leaders often seek input and advice from others and are open to feedback and criticism. They recognize that they have some expertise or experience in every area and rely on their team members and colleagues to contribute their knowledge and insights.

    Influential leaders are adaptable and flexible and can adjust their plans and strategies as circumstances change. They do not cling to their ideas or plans in the face of new information or changing circumstances but are willing to adjust and pivot as needed.

    Related: Learning From Failure Is What Makes Entrepreneurs Better Leaders

    Myth #4: Leaders are always confident and self-assured

    True leaders often face uncertain and unpredictable situations and may only sometimes have all the answers. In these situations, it’s natural for a leader to feel some degree of uncertainty or doubt.

    The key difference between a leader and someone who appears confident is that a leader can acknowledge their limitations and vulnerabilities while still maintaining their focus and determination. They are not afraid to ask for help or admit when they don’t know something.

    Leaders who are open and honest about their struggles can inspire greater trust and respect from their team. By showing they are human and vulnerable like everyone else, they can build stronger relationships with those they lead and create a more collaborative and supportive work environment.

    Confidence is essential for a leader; the idea that leaders are always confident and self-assured is a myth. True leaders can acknowledge their limitations and vulnerabilities while maintaining their focus and determination to achieve their goals.

    Related: 7 Ways to Help Boost Your Confidence at Work

    Myth #5: Leaders must be charismatic

    Charisma refers to a person’s ability to charm and persuade others with their personality and presence. While this can be a valuable asset for a leader, other qualities are necessary for effective leadership. Some of the most successful leaders in history have been introverted or understated in their demeanor, yet they were still able to inspire and motivate others.

    Effective leadership is about more than just personality traits. It requires strategic thinking, decision-making, communication and building and motivating a team. These skills can be developed and honed over time, regardless of whether or not a leader is naturally charismatic.

    Refraining from relying too heavily on charisma can be a liability for a leader. Charismatic leaders may be skilled at getting people excited and energized but may also be prone to making impulsive decisions or over-promising what they can deliver.

    Related: 10 Popular Myths About Leadership and How to Overcome Them

    Myth #6: Leaders must be tough and unemotional

    Another common misconception about leadership is that effective leaders must be tough and unemotional, able to make difficult decisions without getting emotionally involved. However, the reality is that effective leaders can balance their emotional intelligence with their analytical skills, recognizing the importance of empathy and rationality in decision-making.

    While there are many myths and misconceptions about being an effective leader, leadership cannot be reduced to a simple formula or set of traits. Effective leaders are willing to invest in their growth and development, inspire and motivate others toward a common goal, and balance their emotional intelligence and analytical skills. By dispelling these leadership myths, we can create a more realistic and nuanced understanding of what it means to be an effective leader and cultivate the skills and qualities essential for success in any leadership role.

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    Chris Mayfield

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  • 5 Ways to Successfully Encourage, Empower and Engage Your Team | Entrepreneur

    5 Ways to Successfully Encourage, Empower and Engage Your Team | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    When I was growing up, I often heard the phrase, “don’t let that get to your head” when someone was given a compliment for something they did well. I even got in the habit of curbing my own “big-headedness” by downplaying my achievements. I’d say or think things like, “it’s not a big deal” or “I’m just doing my job” to combat the fear of growing too big a head. If you aren’t sure what I’m talking about, I mean the ego, the “I am.” That ol’, mysterious ego.

    Here’s the thing: This is much more than just ego. What I’m talking about is encouragement and how to foster that necessary part of us — all of us. I wonder sometimes how I might be different if I was allowed to let a few things “get to my head.” I wonder: Where would I be, and how would my career look if I got a little big-headed early on? And while there’s no going back (if you have or know of a time-travel machine, please let me know because I need to say something to my third-grade teacher), there’s always the going forward part that I prefer to focus on.

    As professional leaders, we have an obligation to build up the people around us. We want them to be stronger, and we want them to grow. Leaders cannot just direct others around like a herd of sheep. And yes, sheep have their place in this world, but leaders should be more like the captain of a ship. They are in charge and respected but leave room for everyone else to do their jobs and to do them well, or the ship goes down. Is this an easy task? Depends on how you see yourself — but I don’t have time for that! I do have time, however, to share my thoughts on how to empower, encourage and engage your team:

    Related: 25 Ways to Lead, Inspire and Motivate Your Team to Greatness

    1. Compliment your team often

    Tell them they’ve done something well. Congratulate them on a big win. Say it out loud or in an email —and do this all the time. What happens when you reward people with words only leads to a more motivated team. And they’ll continue to do their jobs well.

    2. Ask for clarification and an explanation of what they’re doing

    Ask questions, and pay attention to what your team is doing. How can this help? When people are asked to explain something that they’re either learning or processing, it can actually help them grasp the concept even better. When this exchange is done, it creates a teachable moment for everyone involved — including you, the leader.

    3. Let them play with fire

    Here’s the good news: Not everything will burn down if you give your team some freedom to play with fire. The other good news: Eventually your team will learn not to get burned (just like a two-year-old who touches a hot stove. It’s an a-ha kind of moment). No one likes the feeling of making a mistake, getting reminded or scolded for something they’re still learning. But when you allow your team to get close to the fire, be sure to let them know you’re also there to help with the burn. They’ll be better for it, and you might even learn something about yourself, too.

    Related: 8 Ways to Motivate Employees Into an Unstoppable Team

    4. Demand opinions

    When you’re making changes that will affect others, or if you’re deciding on something that will involve your team, get into the habit of asking for their input rather than just assuming everyone is going along with your one-person show because they’re too afraid to voice their opinion. Take a look at your company culture. Does everyone just agree with you? Has anyone ever said, “Hey, how about this?” I can assure you, though they don’t say it to your face, your employees definitely have opinions. Make an effort to open them up. True transparency cuts both ways. It may even involve a few cuts to your ego (see what I did there?), but it is worth it in the long run.

    5. Walk away

    Leave the room! This one’s for you, micromanagers. Allow your team to learn to lead without you hovering over them. Let them show integrity for the work they’re doing. After you’ve asked their opinions and let them explain how they work, leave the nest. If you have a strong company culture, you can be certain that if they have any questions, they’ll be open and honest and unafraid to come to you to ask. If you’re concerned that your proverbial office walls are too small for all the future big heads, then make more room. There’s plenty of space.

    So, remember to compliment your team often — words of encouragement go a long way. Ask for explanations, because when they explain, they also learn. Let them play with fire so that they can learn from their mistakes. Demand opinions, because true transparency gives way to honesty and trust. And finally, leave the room — don’t micromanage. Following these tips will help you to successfully encourage, empower and engage your team.

    Related: 4 Leadership Methods for Empowering Employees and Building Strong Teams

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    DeAnna Spoerl

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  • Transparency Is the Smartest Strategy When Business Is Bad | Entrepreneur

    Transparency Is the Smartest Strategy When Business Is Bad | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Due to a broad array of economic conditions, many businesses have experienced financial challenges in recent times. Even if your company has been spared from the worst of these economic effects, you will inevitably encounter serious obstacles at some point during your career.

    As a leader, there are different ways to handle these challenges in terms of how you keep your employees informed. Some may think it’s best to hold unfavorable information close to their chest, either to keep morale high or to protect their employees from stress. These types of leaders may feel it is their responsibility to protect their team or believe that presenting challenges could ding their reputation.

    Mark Zuckerberg recently made headlines when announcing 10,000 more layoffs at Meta, writing “I recognize that sharing plans for restructuring and layoffs months in advance creates a challenging period. But last fall, we heard feedback that you wanted more transparency sooner into any restructuring plans, so that’s what I’m trying to provide here.”

    Related: This Is the Single Most Important Job of a Leader

    A growing consensus — Zuckerberg apparently now included — believes that transparency during challenging financial times is the best leadership strategy. When you are transparent with your employees about the hardships your company faces, you could see benefits in unexpected ways. Here are five reasons why transparency is the best route when your company is facing challenging times:

    Transparency builds trust

    Trust is a fundamental building block in any relationship, and it is difficult to overstate the importance of trust in the workplace. Companies with high levels of trust have more productive employees, less turnover and increased morale.

    However, a relationship built on trust requires honesty, vulnerability and most importantly, transparency. Challenging or stressful times can be one of the best opportunities to display transparency as a leader and can improve levels of trust among your employees for years to come.

    A recent study of hundreds of employees across the United States found that employees working for companies that prioritized transparent communication during times of organizational change were more likely to trust their employer and were more open to organizational changes.

    When employers meet regularly with their employees to transparently communicate about financial challenges, the organization as a whole will likely experience a higher degree of trust. Take any financial challenges you may be experiencing as an opportunity to build trust and it will pay off in the long run.

    Related: 5 Obstacles Keeping You from Being an Effective Leader

    It builds empathy for you as a leader

    Times of stress and crisis remind us of our shared humanity and can lead to increased displays of kindness and empathy. Empathy in the workplace is important because it boosts employee engagement and loyalty.

    As a leader, you should not shy away from vulnerability during challenging financial times, as sharing your fears and emotions with your team can promote feelings of empathy within your company. When you communicate the company’s immediate needs with your employees and honestly relay what is at stake, your employees will be able to understand where you are coming from and be more willing to work hard to overcome these obstacles.

    Building an empathetic workplace environment goes both ways, so be sure to provide your employees with a platform to express their emotions regularly. When all parties feel listened to and understood, your company will see concrete benefits.

    Related: A 3-Step Plan for Handling Any PR Crisis

    Everyone can learn from the mistakes made along the way

    Knowledge is power. When a leader holds challenges close to their chest, nobody can learn from their mistakes.

    Instead, make a habit of regularly reviewing your company’s progress, and open up a dialogue with your employees about what was done well and what could be improved in the future. Giving your team members the platform to express themselves helps you and the rest of your workforce identify where mistakes might have been made along the way.

    More importantly, it provides everyone with the opportunity to learn from these mistakes. When employees are in a situation where they understand the financial troubles a business is going through, everyone will be on the same page about the challenges ahead and will work on what matters most. Additionally, your employees might bring in good ideas about where to save money that you as the business owner may not have thought of.

    Related: This Simple But Effective ‘Positivity Challenge’ Will Completely Change Your Mindset

    Don’t be afraid to own up to mistakes that you or leadership has made, as accountability and responsibility are some of the hallmark traits of a good leader.

    Being vulnerable about where you have made mistakes and taking responsibility for your role in the current situation will not only earn you respect, but it will also promote feelings of trust and empathy among your employees.

    It brings the team closer together

    Research shows that major events or times of stress bring people together. Case studies on natural disasters like Hurricane Katrina or the Mexico City earthquakes show increased social bonding and cohesion during tragic events. It is human nature to crave social connection during extreme events, so use this to your advantage when dealing with dire situations at your company.

    When you are open and transparent about the challenges your company is up against, you are doing more than just providing your team with the opportunity to come together. Challenging times often bring out the best in people and the organizations that they belong to.

    People are more likely to act altruistically and tirelessly when they feel they are contributing to a shared common cause. If you are not transparent about the challenges your company is up against, you are denying your employees the chance to come together and find meaning in their work.

    Major financial challenges have the potential to build trust, empathy, learning and connection at your company. However, transparency during challenging times is essential if you hope to see these positive benefits. The next time you are up against monumental financial challenges, lean in, and see what transparency during times of crisis can help you achieve.

    Related: 7 Ways to Tweak Your Marketing & Sales Strategies for the New Economy

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    John Boitnott

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  • 5 Habits That Will Transform Your Leadership Skills | Entrepreneur

    5 Habits That Will Transform Your Leadership Skills | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    Taking your skills to the next level is never an easy task. It requires more than just blood, sweat and tears, yet also a desire to become better. It requires you to make the choice to be the best you can be and have the commitment to match it. But not everyone has the drive to become better. Most people tackle everything head-on and still find themselves in the same cycle of wishing for a breakthrough and claiming that this year will be their year.

    Will it ever be different? Can our resolve become more than just a wishful thought? What does it take to transform your leadership skills? What do we need to do in order to live the life that we desire and a life that we deserve? What are we missing? Is it money? Fame? Time?

    To be truly honest, the answer lies within ourselves. Many leaders expect to come out successful when they don’t even have the right attitude to begin with. We fail to realize that we don’t rise to the level of our expectations, we fall to the level of our training. It is not about luck or chance, it’s all about our habits. If we want to become world-class at anything, it will require world-class habits for us to be truly successful.

    Habit is the powerful force that shapes our behavior and determines our success. As leaders, we must be able to recognize the habits that will truly make a difference in transforming our skills and create an action plan that will lead to success. Here are five key habits that you need to develop to transform your leadership skills:

    Related: 5 Key Habits of Great Leaders

    1. Set a known direction

    A journey without a destination is a journey without purpose, and this rings true across all aspects of life — whether it be our relationships, our health or our business. We must have an end goal in sight before taking the necessary steps to get there. It is important to take the time to think about what we want to achieve and be specific in our vision.

    Knowing exactly where we want to wind up helps us in identifying the steps that should be taken along the way. It also allows us to know what success looks like and help us focus our resources in the most effective and efficient way. Getting into the habit of setting your goals and direction will help you stay on the right track.

    2. Plan ahead

    Taking the time to plan and map out what you want to accomplish in the year ahead is one of the most important leadership habits for transforming your life. Actions without a plan are like rivers without an outlet, they don’t go anywhere. Planning gives us a sense of direction and urgency when starting our tasks. It allows us to know what it’s going to take to achieve our desired outcome from an activity standpoint.

    It is essential to plan and break down your goals into achievable pieces for each quarter, month, week and day. This allows you to identify a target for each period and the tasks that need to be completed in order to reach it. Once you have a plan in place, it becomes easier to track progress as well as make timely adjustments without getting overwhelmed or distracted. Ultimately, planning ahead with achievable goals helps set yourself up for success and leads to a more productive and effective beginning.

    3. Surround yourself with the right people

    Surrounding yourself with the right people can hugely impact your life and success. As Nipsey Hussle said, “If you look at the people in your circle and don’t get inspired, then you don’t have a circle. You have a cage.” We need to make sure that the people we’re surrounding ourselves with are those people who are telling us what we need to hear, not what we want to hear.

    Your circle should be able to keep you in check and also lift you up — reminding you to believe that you’ve got what it takes to make it to the next level. This will help you be accountable for your habits and grow in leadership and success. Remember that if your people don’t inspire your growth, then they’re not the right people. Be kind to yourself, and avoid toxicity. Find positive, like-minded individuals who are passionate about achieving their goals and create the right environment for you to grow.

    Related: 3 Bad Leadership Habits to Leave Behind This Year

    4. Show up better than anybody expected

    “Nobody will truly value you until you truly value yourself first.”

    Showing up and putting in the effort to become better than what your expectations are is one of the basic things that we shouldn’t forget. Even if we don’t feel like it, we owe it to ourselves to show up with our best — not for the sake of others but for ourselves. And for us to play on any next level in any equity of our life, we’ve got to be willing to make the commitment to show up no matter what. Being able to push yourself to do more than what is expected of you, and doing it consistently, will help you hone your leadership skills and set you up for success.

    5. Put in the work

    Taking things to the next level takes more than just saying you want to do it. We should be willing to make sacrifices and put in the work because there is no silver bullet. There is no magic pill. The magic pill is hard work. We’ve got to be willing to make sacrifices to change our behavior, to change our habits. That’s where people get left behind. They’re not willing to make sacrifices with their time, money and relationships. And that’s what will hold people back from achieving things. If we want to become the best in the industry, we have to take the initiative and put in the work.

    Anything that we want in our life that’s at a pro level, we are not going to get there with amateur habits. It’s not enough to want success — we need to be willing to work for it. Only then will you reach the next level of leadership skills and success that you desire. After all, success is not a destination, it’s a lifestyle.

    Related: 5 Habits of Leaders at the Top of the Ladder

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    John Kitchens

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  • 4 F1 Racing Lessons That Can Accelerate Your Career | Entrepreneur

    4 F1 Racing Lessons That Can Accelerate Your Career | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    A few months ago, I started driving F1 circuits, including Spa-Francorchamps, Monza and Suzuka. I’ve driven dozens of exotic cars from the Porsche 911 GT3 to the Alpine A220 and the Ferrari F50. That is, I’ve driven them virtually via Gran Turismo (GT7). GT7 is a racing simulator that, with the wheel and pedals, is as close as I’ll likely ever come to driving the real things. F1 teams have their own versions of this simulator (worth hundreds of thousands more, of course) that they spend countless hours training on when they’re off the track.

    Nearly everything about the art of racing can be applied to business. Here are four racing lessons that can help you accelerate your career.

    1. Overprepare

    F1 racers know the track. They can drive it in their sleep. Indeed, they do. Here’s Red Bull’s Sergio Perez driving Autodromo Hermanos Rodriguez virtually in advance of the 2022 Mexican Grand Prix with his back to the screen and his eyes shut, on a dummy steering wheel. Perez came in third at the Mexican Grand Prix. That’s how much preparation goes into each F1 race. His teammate, Max Verstappen, earned the top podium spot, finishing 17 seconds ahead of him.

    When I look back at the first 30 years of my career, there is one common denominator among my most successful articles, pitches and campaigns: I was overprepared. I didn’t just wing it. I spent an abundance of time on research, asked questions, and jotted down notes and ideas. I didn’t earn gold on any of the GT7 tracks on my first try. In fact, it took about five laps around just to get a good feel for it, and then another 10 or so to get it right. Show up overprepared and your odds of success improve exponentially.

    Related: 7 Tactics to Prepare Your Digital Marketing Team for 2023

    2. Go slow to go fast

    “Slow in, fast out” is one of the first lessons race car drivers learn. Anybody can drive fast in a straight line; it’s how you handle the turns that make you a great racer. The long straights at Monza make it one of the fastest circuits in all of F1, but a long straight is oftentimes followed by a series of two turns (a quick left then right, for example) called a chicane. It’s here where drivers typically make up (or lose) time. Navigating a chicane is a skill in itself, as it requires driving somewhat slowly through the first half in order to take the second half at full speed.

    All turns are not created equal and knowing which is most important requires a keen sense of prioritization. Slow in, fast out, is the driving equivalent of “playing big” — focusing on the bigger picture, rather than on the minutia. Slow work means more thoughtful, creative work which can help you “play big” in your career. And that ability to slow down can catapult your business when you least expect it.

    Related: Should You Prioritize Growth or Profitability in a Recession?

    3. Know your brake (break) point

    Any racer worth their salt can tell you with pinpoint accuracy exactly where every single one of the brake points is on each turn of a circuit. For each driver, the brake points are different and depend on a multitude of variables: driver ability, the car’s capability, condition and wear on the tires, and even how much fuel they’re carrying. Finding the brake points is key to going faster and winning a race.

    As a professional, you have your own break points, and these, too, are based on a variety of things: how many hours you’ve put in, how much stress you’re under, whether you’re hungry, tired, etc. Break too early, and you risk losing all of your momentum, but break too late — or not at all — and you’re likely to crash. Most of us learn this the hard way. Don’t want to crash and burn? Learn to build breaks into your schedule when you need them. It’s not only critical for your mental health but imperative for your physical health. Unless your goals include panic attacks and migraines, find your break points.

    Related: How to Identify, Prevent and Avoid Burnout at Work

    4. Follow the racing line

    We all know that the white and yellow lines painted on every road are meant to keep cars from crashing into one another. What you might not know is that the optimal driving line rarely follows those painted lines. I’m not advocating that you ignore the rules of the road. But when you put an F1 driver on the road, they don’t see the paint, they see the racing line.

    That’s because going as fast as possible requires going as straight as possible. The curves are the challenges the drivers must overcome. This is why you see the F1 drivers using the entire track from edge to edge.

    Racers know that the best lap times result from creating the straightest possible line around the circuit. Twisting and turning costs precious time. You might temporarily get ahead, but without following the proper line, I guarantee you’ll end up at the back of the pack.

    For marketers, this might mean appealing to your audience wherever they are along the buyer’s journey. For manufacturers, completing each step of the process ensures quality craftsmanship. Whatever your role, industry, or vertical, don’t succumb to shortcuts. Use the entire track (and every tool at your disposal) and follow the proper process.

    You won’t beat your competitors by taking shortcuts, you’ll beat them by being a better driver. Learning how to navigate the twists and turns of your professional journey will help you stay focused, accelerate your career and position you for success.

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    Beth Newton

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  • How Do I Lead My Small Business Through Constant Change? | Entrepreneur

    How Do I Lead My Small Business Through Constant Change? | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    When you’re running a small business, the balancing act of responsibilities and demands on your time and effort can feel overwhelming. Anyone who’s started or been involved with a small business knows precisely what it’s like to be in that place.

    There’s no template for navigating through the experience. There are incredible resources, influential advice, support systems and more. Working through turbulent times is a bit different for everyone, a specific path as unique as the individual and the business or organization they’ve devoted themselves to.

    At the end of the day, though, one truth remains. The singularly most important resource for any small business isn’t time or operating capital — it’s people. The people who get the company where it’s going, whether it’s a small team getting a project proposal to a client on time, someone handling IT issues when a system freezes or the individual who helps get supplies where they need to be. People are what matter; without them, there is no business, no supply or demand.

    Related: When Leading Through Change, Adopt These 4 Strategies

    Understanding the pressures on today’s workforce

    In the uncertain and chaotic world we live in right now, knowing how to navigate an unpredictable workplace keeps businesses and employees alike on their toes. Depending on the source, the job market has never seen a power shift to the employee as extreme as it has been. Or conversely, a vast portion of those who sought a better work-life balance and changed jobs or careers during the Great Resignation are now regretting their choices, finding that the proverbial grass isn’t always greener.

    There is a struggle to stay current on the consensus skillset that employers want to see in their workforce. The stressors of the perpetual advancement of systems and processes can feel relentless, with new — and not always improved — hardware and software around every corner.

    Taking the time to slow down and hone in on their workforce and the forces that impact them on a daily basis is one of the greatest steps small business leaders can take. These individuals and teams work to bring the potential of an idea or concept and turn it into something real. They are the ones impacted by change that is often easiest to make from the upper levels.

    Related: What’s the Future of Work? A Hybrid Workforce

    All change in the workplace carries a significant impact

    The changes made by upper management are often made with the best intentions to better the workplace and improve the possibilities of the future for the company. Those making the choices might see a change as a straightforward choice, made with the benefit of deep research and data to comb through.

    Individuals impacted by the change daily — if not hourly — may view experience very differently. From a shift in communications software to implementing a different payroll schedule, from working a hybrid set-up to adopting a 4-day workweek, changes, big or small, impact individual lives in a real, significant way.

    Helping employees process and navigate change is a crucial skill for any small business, from 10 employees to 100 — all workplaces employ people and every individual matters.

    Related: 10 Tips for Building a Happy Workforce

    Smooth change requires knowing key practices for all stages of the process

    The process of change in the workplace can be complex; this is no different than any other area of life, from helping a child handle outgrowing their toys to adjusting to water restrictions in California.

    Change is inevitable, but it doesn’t have to be dramatic — or traumatic. Everyone benefits when leadership is fully committed to ensuring a positive experience for employees. For small businesses, it is easier to consider the situation employees are in. Management can benefit from following several key practices.

    1. Encourage open communication. Whether within teams, between teams or flowing reciprocally from management to staff, communication during periods of change is critical. Consider having brainstorming sessions amongst teams while implementing a process for management to receive and explore the feedback
    2. Aim for clarity when explaining the intentions behind the change. Experiencing change without a choice — and without a clear understanding of why it’s happening in the first place — is a deeply unsettling situation for employees. A lack of clear communication of the problem/solution process resulting in the change will only breed resentment and impede a smooth implementation.
    3. Give your employees a voice in the process. Very little erodes trust between employee and employer more thoroughly than a lack of respect. Ignoring the input of those experiencing the change in the trenches will only impede the process and damage relationships and morale.
    4. Craft a timeline with a defined goal. Without a clear understanding of the implementation process and the timeline, employees can feel like their work is perpetually mired in the fog of change.
    5. Clearly and confidently define and communicate changes in expectations and employee performance evaluation. Office morale can severely suffer when employees lack a clear understanding of the expectations for a position or role. When change occurs, the reasonable expectation is that job performance metrics may change. If this isn’t addressed during the process, the confusion can fuel resentment and high-stress levels.

    Related: 4 Ways Leaders Can Navigate Change and Find the Hidden Opportunities

    Communication is the glue that binds a workforce together

    Little in life is predictable, which some could argue is the point. That unpredictability is amplified in the work environment — where livelihoods are directly impacted. Employees need more than lip service from their leadership; they’re searching for employers who know how to support their workforces properly.

    Change is a process, and true leaders are there at every stage of any change. Not only is that commitment crucial for ensuring effective implementation of the change, but it is a direct investment in employee wellbeing and company morale.

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    Summit Ghimire

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