As a business owner, you will no doubt be faced with plenty of decisions that you need to make on a daily basis. The state of the workplace is certainly changing, and there are plenty of ways that we can fine-tune our decision-making skills to ensure that they are the right ones.
Read on for the top 5 things you need to do if you want to run an outstanding business:
Accept periods of crisis as blessings in disguise
When your company hits a period of crisis, it’s natural to panic and feel frustrated. However, these periods can often present perfect opportunities for learning as often when businesses are pushed to their limits, this is when the most creative decisions are made.
Take a look at Netflix, who, logistically, struggled immensely with its back-and-forth DVD mailing business model. In a time when it was at crisis point, the company took a huge gamble by entering the streaming technology space. But when the company adjusted its business model away from content distribution and towards content creation, it experienced immense success and is today valued at some $33 billion.
Travel the world to be a better leader
Travelling the world makes you a better leader because it teaches you to step out of your comfort zone, learn in-depth about different cultures and get creative with your business.
Travelling also makes you more open to different ideas and possibilities. It makes you appreciate diversity and seek different skills and talents from your team. When you come back from your travels, you will be inspired to take your business in different directions and seek new ways to do things.
Practice what you preach
If flexible working hours and unlimited annual leave are what you offer, then you need to practice what you preach. If your team see you working all the hours God sends, they will feel that they have to do the same, which will lead to stress, exhaustion and a drop in creativity. Instead, make balance a priority by not only offering a flexible working schedule but by leading from the top and actively demonstrating that it’s okay to leave work at 5pm.
Accept disagreement openly
In the workplace, there are always going to be people who disagree with you. However, this isn’t necessarily a bad thing. When people disagree with you, it leads to greater creativity and richer, more innovative ideas. You will accomplish a great deal when you work with people who challenge your ideas or work differently from yourself. For instance, if you are a planner who is a stickler for caution and logic, working alongside a risk-taker who is thirsty for change will certainly bring out the best in your business.
Spend some time alone
As an entrepreneur and business owner, there’s no doubt that you are incredibly busy, whether in meetings, on business trips, on the phone or drowned in paperwork. Despite this, it’s essential to carve out some time to spend alone in order to nurture creativity and bolster the time you do spend with others.
What techniques are you adopting to ensure you run an outstanding business?
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