"Oops. I dropped the ball."
It's a phrase that many small business owners are bound to use from time to time. But it's also a concept they come to embrace — simply because they often consider themselves as risk takers. After all, it takes guts to set out and accomplish a vision that others may not deem as possible or achievable.
In fact, in most cases, small business owners have to be willing to look a little foolish or irrational to everyone watching from the sidelines. Because, try as they might, they are bound to fail. Not once. Not twice. But it's likely they will fail multiple times as they attempt to pursue their dreams. Yes, they'll drop the ball. They'll even trip and stumble sometimes as they attempt to sprint to the goal line.
Yet, even though failure hits the fan, they often come out on top in the end.
So how do they get beyond the whole risk taking thing and lead a small business with passion and success? What are the ingredients to that recipe? And how does it all play out?
An article from Harvard Business Review called How the Best CEOs Differ from Average Ones sheds some light on what takes a CEO to the next level. They compared the results of the highest performing CEOs to those of their less successful peers and they've concluded the best CEOs stand out in three ways. In reality, these same principles can apply to any chief executive or business owner - big or small.
When CEOs can demonstrate a greater purpose, attack real issues and focus on the people, they become better than average. All the other stuff that flies at them on a daily basis should just take a back seat as much as possible.
One more area to remain laser focused on is in the digital realm. Today's chief executive officers are now becoming more and more considered as chief digital leaders. It's really not an option for CEOs to be complacent with their digital game and not maintain a high familiarity with their online presence.
"Companies that rapidly adapt to digital business models don’t just 'do digital'; they 'act digital.' In other words, they practice an entirely new model of management. And their CEOs are leading the charge," says the research from Harvard. They continue, "As we’ve studied digital leadership over the last few years, we find something else important: Culture is key. Success is largely dependent on people sharing information with each other, partnering, and continuously educating themselves. This is able to happen when you build a collective, transparent, and deeply shared culture. CEOs who are digital leaders are continuously reinforcing the culture, communicating values, and aligning people around the culture whenever something goes wrong."
Whether the business is big or small, the vision of where a company is headed digitally is fundamental to creating a winning strategy. Because let's face it, we're not going to get less digital as we move forward. Why would we? The future of business is to be fast paced, adaptive and innovative with a vast mindset for digital applications.
In the end, the point is to at least have the ball in your hands and to be sprinting, dodging and twisting your way to the goal line. Yes, it may get dropped along the way, but that's normal. Just pick it back up. Leading a small business with passion and success includes every ounce of vision, problem solving, selflessness and being technologically savvy.
Keep moving forward!
And thanks for checking out our blog! If you'd like to learn more about RS&I and how we're helping others to grow their businesses, take a look at another article called Who is RS&I and How Do They Help Authorized Dealerships?
Posted by Ben Jenkins on December 9, 2016 at 12:05 PM
Topics: Leadership Development