If you were to ask most business owners what the one limiting factor is that keeps them from growing and scaling, they will most likely say something about lack of opportunity or lack of qualified sales leads. But for most, that’s actually not true. The one limiting factor to their business growth is often due to the lack of leadership, or the lack of leadership attention.
If your company lacks a good leadership team, it makes it difficult to seize opportunities that come your way and act on them accordingly. In order to grow at the rate you want, you must have a leadership and management team that is a magnitude more skilled and capable than you currently have.
Taking all of this into consideration, what does the lack of leadership — both quantity and quality — currently cost your organization? In other words, if things stayed exactly as they are, what would it cost your company, both in lost opportunities and underperformance from your staff, over the next 36 months?
Once you determine how much you stand to lose, it’s time to focus on where the weak points are in your leadership strategy and work towards improving those areas. Here are some of the most common leadership weaknesses that I have found over the past 25 years of business coaching:
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Do any of these areas resonate with you? Perhaps there is more than one. Take note and start working towards improving in the areas that need work.
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