5 Leadership Development Steps to Grow your Minneapolis Business

When growing your new Minneapolis business, developing your leadership skills are an important ingredient in expanding your business. Without it, it’s exponentially more difficult to organize and grow. The Law of the Lid explains this concept and gives 5 steps you can take to improve your leadership skills.

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Step 1: Set goals   

In any business, goal setting is important. A strong goal has a foreseeable outcome in a set time period. With this goal, you can develop incremental checkpoints to help you achieve it. Every good leader will share their goals with others and get help if needed. Sometimes forming a team to achieve some of your goals will ease your stress and give your goal a clarity for your business.

Step 2: Analyze your strengths and weaknesses 

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No one is perfect, and it is essential to recognize your own strengths and weaknesses when it comes to growing your business. When forming  goals and plans, you’ll want to build on your strengths and improve on your weaknesses. Building a team around you that can contribute in areas of your weakness can help you move forward with your goals. For example, if a restaurant owner wants to grow his business, but has a strength for what goes on in the kitchen, he or she might want to reach out to someone that that has a strength in business and finance so that they can fully understand and grow all aspects of their business. When you access the strengths of your team, you will be better positioned to know what you need to grow your business.

Step 3: Be willing to make sacrifices

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In the process of growing your leadership and business, you may need to make sacrifices. It could be anything from cutting back on the number of services or products you offer to changing your supply chain and staffing. Expanding comes with a variety of obstacles, so it is important to stay flexible with your decisions. Remember to gather ideas and evaluate what you are unwilling to change for your business.

Step 4: Envision the leader you want to be  

If you want to be a good leader, it might help to envision and research how to become that leader. Learning is the key to gaining a new skill, or reinforcing an old one. Investing in your own leadership development by finding good leadership books, lunch & learns and masterminds, or even hiring a leadership coach can help you become the best leader you can be.

Step 5: Examine both your professional and personal life  

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In order to develop your leadership skills, it is important to develop self-awareness as to what kind of person you are in the workplace and at home. Knowing who you are can help you understand what kind of leader you are. Take some time to examine your life and leadership so that you can help others in your company grow.

If you desire to grow your business and become a better leader, then it’s important to be open minded and willing to learn. If you’re ready to invest in growing your leadership skills, then we’re ready to help.