Creating a business from scratch (from concept to reality) needs something out of the “norm”. Though we listen to so much discussion about the traits of a successful businessman, the qualities of a serial startup entrepreneur are different.
Let us discuss few of the most sought after qualities of a successful startup leader.
Keep the pack together: For any startup to succeed, the will and intent of the team is the deciding factor. The startup leaders are well aware of this, so they always maintain the transparent sharing of information with team members. Timely and honest communications, irrespective of being good or bad, are the key to maintain the drive towards a common mission.
Keep the financers informed: Any startup needs financing to grow, and that brings the lenders into the picture. They want to see their investment safe, so to keep them on your side communication is the key. One may benefit with some good advice from their collective wisdom, to smooth the path to success.
Take good care of themselves: Running a startup business, means doing everything with a small team and limited resources. This simply means more work per person, especially for the startup leader. A good leader always takes good care of himself and maintains a healthy work-life balance.
They are never afraid of the impossible: To make a successful startup is like challenging one’s self all the time. A good startup leader is well aware of this, so are always ready to try, whatever may be the cost. They are always aiming for success, nothing less and nothing more.
They are always uneasy, and love it: To be a startup leader may almost be equal to being crazy (sometimes), and a good leader is always ready for any challenges. A startup is like doing a hurdle race, in which the hurdles are spaced quite close. It may happen that when one starts tasting success, a critical employee may leave, or you may find a disturbing technological flaw. It really takes a strong will power and resolve to keep moving and succeed as a startup leader.
As a startup leader, you have to be honest to yourself, and be ready to take failures with an even stronger will to move ahead. Never lose the steam, as it is you as a leader that the team counts on. So, if you have it all, then you must be there in the ring.
Get tips on how to become a great business startup leader via this free monthly newsletter!