Get expert advice on every topic you need as a small business owner, from the ideation stage to your eventual exit. Our articles, quick tips, infographics and how-to guides can offer entrepreneurs the most up-to-date information they need to flourish.
July 31, 2020
Entrepreneurs live in a world that values quick thinking and dynamic action. They believe that in order to build a successful business, they need to hustle. However, as hard as it may be, entrepreneurs should remember that patience truly is a virtue, especially in the world of business.
Learning patience will serve you well — not just with getting new business, but also with building your relationships and your brand. Here’s how you can practice patience at work when you have to wait for things to happen.
It’s easy to judge and share your opinions about how others should tackle certain problems. However, as a leader, it’s important for you to always be objective enough to step back, keep personal opinions aside and see the situation at hand through the lens of the other person. Remember that it’s your job as the leader to see the bigger picture so you can help your employees connect the dots toward a probable solution. This will allow you to step back and handle things with patience instead of acting on instinct.
Evaluating tension points can reveal problem-solving patterns that can help you foresee the unexpected and get closer to understanding the root causes of problems. But this must be combined with empathy for your employees by showing that you care about their concerns and the tension points that were created. As the boss, it’s important that you remain impartial and never take sides, and are always mindful of other people’s needs, styles and approaches. Taking this unbiased, patient approach will instill trust throughout the office.
Having goals like hitting a certain revenue figure or expanding to certain locations gives you a bird’s eye view of your business’ path. And attaching reasonable timelines to them will help you see how long it will take the full picture to come together, thus making you less anxious about the short term and more likely to practice patience. Remember, conducting business without any set goals is like shooting in the dark, without any aim or direction.
If you find yourself growing too impatient to handle a particular problem, seek advice from a trusted resource or a mentor, someone who can offer you perspective. It’s important to pick your battles and to know when it’s time to seek help.
As business owners, we might grow impatient with employees who don’t follow directions, don’t complete their tasks on time or are always making excuses. The next time you face such a situation, practice some patience and conduct proper due diligence. This can turn the problem into a journey of understanding and collective problem solving. And if you find that you’re responsible for the situation or the problem, be accountable and own it. This is one of the quickest ways to earn trust and respect.
Most leaders have extremely high standards and equally high demands. But avoid overly stretching your expectations for your team. Look at every opportunity to evaluate your maturity, purpose and vulnerability as a leader. The more patient you are, the more compassionate, resourceful and mindful you become as a leader.
Neha De is a writer and editor with more than 13 years of experience. She has worked on a variety of genres and platforms, including books, magazine articles, blog posts and website copy. She is passionate about producing clear and concise content that is engaging and informative. In her spare time, Neha enjoys dancing, running and spending time with her family.
We provide you with essential business services so you can focus on growth.
