Friday, February 19, 2016

7 tips for entrepreneurs who are managing for the first time

By Sharon Lee

Becoming a manager can be both a positive and overwhelming experience—management is not easy and requires a broad range of skills that take tie to acquire such as communication, coaching and motivating. But everyone needs to start somewhere and there some important steps that can make the transition a bit smoother.

Many entrepreneurs find themselves becoming first-time managers when the company they founded begins expanding. In this blog post I’m going to provide some tips for new managers who want to start strong and thrive as employee count grows.


1. Lead by example
Through the good times and bad, who are people going to look to when they need inspiration or an example for how to act? The answer is simple: you. You are now the example that others need to follow. The values you demonstrate, the way you handle adversity and ambiguity and the way you persevere through the biggest challenges, is now considered the measuring stick for how others will act and behave.

You are going to need to be very mindful of your emotions and how you react in certain situations. You are going to need to slow down, be patient and develop an informed perspective, so you can lead in a way that people will admire and model.

2. Stay in the trenches
Now that you are a manager it doesn’t mean that you don’t have to do the “dirty work” that helped your business succeed in the first place. It is an endearing quality that your direct reports will respect when you are willing to do any job at any time to help them move forward.

Keep an eye on things day-to-day and when there is an opportunity to jump in and help, grab the opportunity and run with it. At the end of the day the success of the business is what matters and a culture where anyone, including you, is willing to do whatever it takes to accomplish things is a culture that will thrive and endure.

3. Understand the importance of delegation
You are going to find early on that you want to be involved in everything your team is working on. The challenge here is that you cannot be everywhere at once. You need to create an environment where you are actively relying on others to help carry projects. You will still be informed, but you need to let others lead so they can grow their abilities and perspective.

When you need someone to step up and lead on your behalf, be clear on your expectations but also stress to them how important the opportunity is for them personally. When they know how important their role is they will feel even greater ownership towards ensuring an optimal outcome and their contributions will feel even more valuable.

4. Prioritize your one-on-one check-ins
Individual time with your direct reports is critical towards their success and overall career development. It is during this time that you need to keep an honest watch on priorities, metrics, and any questions that might be on their mind.

Set up the one-on-ones, so they happen at a regular and predictable cadence. Block the time on your calendar and do your best to respect this time.

5. Find a mentor
One of the first steps you should take is to find a mentor that you can go to when you have questions or need support. Find someone who has excelled at being the type of manager you want to be; ideally someone who has experience handling a diverse set of situations, so you can understand first-hand the pros and cons for handling certain situations certain ways.

Look outside your company, perhaps someone you worked with in a previous job, and find out if they are willing to provide guidance and feedback.

6. Be consistent
If you constantly flip-flop on decisions or how you make decisions, your team will start to lose trust in your ability to strategically lead. To be a consistent leader you need to be a patient leader. Take your time. Don’t respond to emails with irrational feedback. Don’t make a decision in the moment just because people are pushing you to do so. Find outlets that allow you to think through things. Write up emails and step away before you send them. This can be very hard for people at every level but sometimes the best thing you can do is just slow.

7. Know that relationships have changed
It’s not unusual for an entrepreneur to build a team with people who they have worked alongside in the past. Once you become their manager the relationship changes and you need to be transparent about that—you can never allow past relationships to cloud your business judgement.

You may need to set clear ground rules early on. But be as transparent as possible and if things feel weird, talk about it so you can collaborate on a solution.

Management is an important part of any business but it takes time to develop the skills you need to be effective at it.

Be patient with yourself and believe in yourself.

Your rewards will come in time…

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