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Being Your Own Boss: Leading Your Business

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You got your business idea; you got the startup running, quite successfully, hopefully. But here comes the next thing: leading your team. Even for the most talented, the journey of becoming a leader is an arduous, daunting, and often confusing process. Is your business a one-man show? Don't let your guard down. Managing and leading yourself can be a similar, if not a harder challenge, that follows the same principles as leading a team.

If you felt struggles during your early days of leadership, well, you are not alone. In fact, studies suggest that huge majority of managers, bosses, and leaders face similar challenges during their transitions.

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In this article, we'll discuss a few notable problems you will face, and how to tackle it to make a smoother transition and better start for your business:

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1. Implementing an Agenda
What is the major difference between being managed and being a manager? Seemingly very simple, transitioning from being told what to do into the one that tells everyone what to do (even yourself), can be an extremely shocking and confusing task.

Identifying the needs of your business, and turning that into an organized plan with clear priorities is harder than you thought it will be, and can only be perfected through experience. What made it even worse, is that the early days of business will be full of flexibility and the needs to adjust a lot of things on the fly. This means your agenda should be adaptive, and can seemingly and endless stream of decision making.

How to best assess this situation then? It's by the one thing we called "business instinct," that unfortunately, can only be honed with experience.

The best thing you can do as a beginner is to step back, and if possible, ask questions. Even in this fast-paced modern era of business, it's better to make a delayed but right decision after a serious consideration of all aspects, rather than a hastily made wrong decision.

Ask the question to your mentor, if any, or even to your employee. You'll never know how any insight can be valuable.

2. Delegation: Only Do the Thing Only You Can Do
This is the very basic principle of leadership and at the same time the most common mistake made by leaders.

How can you really contribute to your business? If you are great in sales, then focus on sales and delegate anything to other. If you are the driving creative force for your business, focus on your creative purpose and leave the managerial to others.

This can even mean hiring another CEO so that you can focus on your knack, the dilemma that many startups make. Being a founder-CEO means that your business can always align with your vision, but can be detrimental when the said founder is simply not made for a managerial position.

So ask yourself, are you really the best leader your business can have?

On the other side of the story, leaders often micromanage to do everything by themselves. It is a basic human nature to think that we can always do better than others, especially our subordinate. Even when the case is true, you should remember that time is your most valuable asset, and you simply don't have enough of it to do everything alone. Even when your employees do half the quality of when you do the job, if it means you can focus on something more essential for the business, go for it!

Long story short: learn to let go!

End Words

Being a leader means you know when to step back, when to prioritize, and when to let go, even if it means letting go of yourself in some scenarios. As you cultivate more experiences, you'll make better and faster decisions. But for now: welcome to the leadership world and enjoy the ride.