One thing is for sure, entrepreneurship requires one to have a knack for managing stress. Indeed, it is not for everyone. Setting up shop, attracting customers, marketing and processing payroll can take its toll on the business leader.
There are also the team members to manage and sometimes creating a good relationship with your employees can be difficult.
There are only two main reasons why entrepreneurs will hire. First is the need help with the current work load and second, is that they need people with more experience than they have to fill a void in the company.
Such employees will have their own opinion and views on how work needs to be done. It is likely that they have worked with different managers and businesses before and will therefore have different views and experiences to yours.
This is not to say that they are right and should not be given directives. This simply means that it is important to consider their side of things and incorporate it in your decision-making process.
Entrepreneurs and business leaders are prone to making certain assumptions that could ruin their relationship with their employees.
1. Employees will hold themselves accountable
It’s easy for business leaders to be under the misconception that the employees believe in the course and that they have the same interests as you. This type of thinking might cause you to expect them to work extra harder and to not complain when things get tough.
However, the truth is that they are not as invested as you are to your business and will not hold themselves accountable. They will mostly see your business and their employment as a means to an end.
2. Employees are motivated by money
Money can be a good incentive and any business leader may be tempted to increase salaries to prevent employee turnover.
However, employees are motivated by more than just money. Imagine a case where a team member complains that they don’t have enough time to spend with their kids. Simply increasing their salaries will not solve the cause of their frustrations. For this you will need to provide more free time and flexible work hours.
3. Employees will be fine with a lack of decorum
Employees understand that business leaders can be busy, having to run around dealing with the major issues of the business. However, being busy doesn’t means that they will tolerate a culture where nobody is smiling or talking to each other due to being overworked.
Business leaders need to slow down and take the time to complement their team members and acknowledge the efforts to the company.
4. Employees cannot handle change or risk
The mind and body get used to the status quo and changes are not always easy to deal with. However, thinking that the employees will not tolerate any risk or changes is wrong.
This type of thinking could cause the leader to keep things at a slow pace. As a result, employees are likely to deal with monotony at work.
As long as the change is communicated, employees will be open to new challenges.