Small Businesses

8 things you should immediately stop doing when you’re a leader

  • 4 min Read
  • March 10, 2022

Author

Escalon

Table of Contents

Most of the time, high-powered leaders focus on what they should do. They pay too much attention to things such as coming up with new ideas, developing new strategies, figuring out how to implement new ideas or achieve set targets, and so on. While these are essentials for running a successful business, it is also essential for them to take the time to reflect on what they should not do. 


So, what should leaders stop doing to help further the growth of their employees and themselves?


Take a look at the top eight things every leader should immediately commit to stop doing: 


1. Not taking time to connect with team members

– A leader cannot be effective if they are not interested in employees on a human level or is interested in them but does not make an effort to bond with them.



Bonding creates deep emotional connections, and to bond, leaders need to make an effort to get to know their employees and understand what makes them tick.


2. Not being accessible and available

– While leaders should delegate, this should not lead to emotional detachment. Leaders who have a completely hands-off approach after assigning tasks might make their staff members feel abandoned.



Continued accessibility and connection are the keys to successful delegation. Leaders need to perpetuate a sense of connection by letting their employees know that they are available. This means creating channels for employees to reach out when needed.


3. Not prioritizing employee development

– Many a time, leaders are too focused on achieving business goals and may end up ignoring their workers’ desire to learn and grow.



Humans have an inherent need to learn and to expand their competencies and skill sets while doing their jobs. Leaders need to realize that learning is an intrinsic part of achieving results, and prioritizing learning and development allows them to become great leaders that people want to work with.


4. Avoiding giving regular performance feedback

– Employees can perform well only if they know how effective they are at their workplace. Since providing negative feedback can be challenging, leaders may choose not to do it. However, learning to communicate complex truths about performance can help them unlock the doors of higher performance.


5. Expecting workers to approach them first

– Many leaders rely on only open-door policies and expect their team members to come up to them when needed. This style of communication may make leaders less accessible to their employees.



Instead, if needed, leaders should bend the rules of communication according to the needs of their staff members. They should make an effort to go up to where the employees are instead of always expecting them to engage with them.


6. Not displaying empathy

– Empathy is a highly crucial leadership skill and some leaders do not give empathy its due. Research shows that empathy drives employee outcomes such as innovation, engagement and inclusion. Empathetic leaders are able to understand the needs of their employees and be aware of their thoughts and feelings.


7. Micromanaging

– Employees hate it when they are micromanaged. Yet, some leaders believe that managing workers means planning, administering and controlling activities and, hence, people.


On the other hand, in order to lead effectively, one must inspire, encourage and challenge people to perform at their best by building a sense of trust and presenting positive risks.


8. Wasting one-on-one meetings

– Often, one-on-one sessions are spent on status updates, which is a complete waste of time and opportunity to engage and align employees. Leaders should use this time to deal with significant challenges and issues a team member may be facing. They should also use this opportunity to align personal and professional goals and targets, and identify development opportunities. 


Bottom line



Leaders need to let go of the behaviors and routines that smother innovation and creativity. Instead, they should try to inject the days with actions that inform, captivate and stimulate the people around them.

Talk to our team today to learn how Escalon can help take your company to the next level.

  • Expertise you can trust

    Our team is made up of seasoned professionals who bring years of industry experience to the table. You gain a trusted advisor who understands your business inside out.

  • Quality and consistency

    Say goodbye to the hassles of hiring, training and managing in-house finance teams. You will never have to worry about unexpected leave of absence or retraining new employees.

  • Scalability and Flexibility

    Whether you’re a small business or a global powerhouse, our solutions scale with your needs. We eliminate inefficiencies, reduce costs and help you focus on growing your business.

Contact Us Today!

Tap into the latest insights from experts in your industry

Nonprofit

Top Grant Accounting Mistakes Nonprofits Make

Grant funding is the lifeblood of many nonprofit organizations. It fuels programs, sustains operations, and enables the kind of long-term...

Life Sciences

Transfer Pricing Considerations for Life Sciences Companies Expanding Globally  

Global expansion is one of the most exciting milestones a life sciences company can hit. New markets, new clinical partnerships,...

Accounting & Finance

The Role of Accounting Software in Simplifying Audit Prep  

If you have ever spent the weeks before an audit digging through spreadsheets, chasing down receipts, or reconciling accounts that should have...

Taxes

The SMB Owner’s Audit Preparation Timeline: 90 Days Out 

Three months before your audit starts is when you should begin serious preparation, not three days. Yet many business owners...

Taxes

The Cost of Waiting: Why Proactive Voluntary Disclosure Agreement (“VDA”) Filing Almost Always Beats an Audit 

Unaddressed, historical state tax exposure is often an outgrowth of being focused on building a company and not properly keeping track of  an expanding state and local tax footprint. The exposure accumulated as the...

Taxes

R&D Tax Credits for Non-Tech Companies: Are You Missing Out? 

When most business owners hear "R&D tax credit," they immediately think of software companies and biotech firms. This narrow perception costs non-tech businesses billions...

Taxes

5 Business Triggers That Should Prompt an Immediate Nexus Review 

There is a persistent myth in the world of state and local tax compliance that a nexus review is something...

Accounting & Finance

The SaaS Rule of 40: What It Means and How to Achieve It 

If you're running a SaaS business and talking to investors, you've probably heard someone mention the Rule of 40. This simple metric has become a...

Accounting & Finance

Common Audit Findings in SMBs and How to Avoid Them 

Nobody enjoys finding out that their financial audit uncovered significant deficiencies. Yet according to data from the Center for Audit...