One thing that sets entrepreneurs and great business leader apart is their drive. Most successful leaders have at some point had to overcome great obstacles and challenges. Everybody admires those that aim high and fail hard.
But there’s a downside to being competitive. Many entrepreneurs and business leaders who have the drive to pursue a new concept may also be prone to changing their minds too quickly. This can cause a few problems.
The importance of consistency
A good business leader needs to be aware of the fact that while they may be fine with trying new things, the employees may feel insecure about new business concepts.
Employees want security and a steady income at the end of the month.
If the leader is inconsistent, the employees will be doubtful of the future of the business and their position in the organization.
One study showed the top reasons why workers leave a business. Two of the main ones included poor communication and poor management. On the list were also factors such as favorism as well as double standards.
The moral of the story is that consistency is important in a business. It provides the workers with a sense of security. Otherwise the team members are likely to have high levels of stress. This will obviously impact negatively on the operations of the business. Workers will be distracted and the production will be low.
One the other hand, the entrepreneur and business leader thrive on new concepts and ideas.
Sometimes, leaders show inconsistency without being aware of it. Some of the main ways they do this is by:
1. Making changes without communicating to team members
Sometimes changes in regulations and the business environment in general will require the business to adapt. However, if you do not communicate to your team mates, it is likely that you will build resentment.
When the change is taking place, it is important to let others know why as well as how it will impact the business for the better. Otherwise, the team members are less likely to accept the change and even if they do, they will do so at a slower rate.
2. Different rules with different teammates
Sometimes it’s only natural to treat different employees differently. For example, a worker who has been in the company for a long time and always hits deadlines may not be treated the same as someone who just joined the organization.
However, it is important that even the new worker understands the situation in order to prevent resentment in the workforce.
All employees need to be treated fairly. Note that there is a difference between treating them fairly and treating everyone the same. The most important thing is that there is communication and understanding of the business culture.
Business leaders need to be competitive in order to stay ahead of the game. However, keeping an eye on what the competition is doing and always reacting to it could make one seem inconsistent without them knowing.
For example, if the business follows certain rules and principles, then a competitor uses tactics and methods that the business doesn’t believe in, you may seem inconsistent when you start copying the competition.
At the end of the day, communication is needed to explain to team members why the business is changing its course.