#AskPeshev 80: Business Leadership Styles

#AskPeshev 80: Business Leadership Styles

February 17, 2021

“The most effective leadership style for business is the leadership that inspires.”

— Mario Peshev

John C. Maxwell’s "The 21 Irrefutable Laws of Leadership" states that the capability of an organization’s leadership is a lid on the organization’s overall performance.There’s no surprise why in the latest Global Technology Leadership Study of Deloitte, results show that companies that are ahead of their competition have engaged leadership.So if you are among those business leaders who have been giving their A-game ever since 2020—the year of the great reset—congratulations. Great job!This newsletter celebrates you as we highlight the common business leadership challenges and what certain leadership styles, approaches, and mindset work. Enjoy reading!Mario

Traditional business leaders who are banking on traditional business leadership styles in this new century needlessly risk losing their business to unhealthy age-old leadership practices.

It's All About Reading...

When a leader leaves your organization, even on amicable terms, it could prompt a significant upheaval in the department that they were a part of. Depending on how intrinsic they were to that department’s function, their departure may even shift the company’s operations.

Business advice can come from anywhere, even from those who have never owned a business. But if you’re a new entrepreneur just starting out, you tend to soak up all the information that you can. The most significant problem is there’s no simple way to tell the lousy advice from the good advice.

Some promotions are requested by staff members (ahead of time or during interactions with managers/HR), others are “scheduled”—i.e. every couple of years or so. But generally speaking, there are two common ways employees are promoted...

LinkedIn: WordCamps All Over the WorldWordCamp organizers often have a hard time gathering a good pool of speakers. If you’re actively involved in the WordPress world and have a great case study (or a professional tutorial) to share, definitely apply to speak.

Why You Need to Be a T shaped Expert | Mario PeshevYou need to be distinctive enough and be an expert in a given sense. The downside to being an expert only on one specific field or in one particular vertical is that you would think you wouldn’t be capable enough to solve specific problems unless you understand the full context and the bigger picture.

This shows the result of an assessment of small business owners on what the most important challenges for small business owners in the United States were in 2020 (Statista).About 29 percent of the surveyed small business owners stated that their most important challenge was the impact of the coronavirus that has led to the loss of business and closings.

How much of your time are you spending in meetings?How much time are you wasting because of too many meetings?Middle managers typically spend 35% of their time in meetings while those who belong to the upper management spend 50% of their time. Employees, in general, spend up to four hours every week just to prepare for status update meetings.

Eager to join the entrepreneurial wave?Jumping head-first is not necessarily the safest idea. Yes, it can work out, but... Most likely it won't without some experience or the right network to tap into.This is why I've gathered 4 workarounds for aspiring entrepreneurs in this weekly deck.